Palm Oil Prices in Philippines
| Variety | Market level | Price (US$/kg) | Local (PHP) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Global benchmark | 1.14 | 63.43 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| — | Export (unit value) | 0.87 | 48.16 | ▼ 9.5% | ▼ 9.5% | UN Comtrade (unit value) |
As of May 2026, the palm oil price in Philippines is US$ 0.87 per kg (48.16 PHP), down 9.5% year-on-year.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg. A dedicated Philippines series begins building from our next crawl. Source: UN Comtrade (unit value).
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes — palm oil in Philippines
Exports UN Comtrade · 2024
In 2024, Philippines exported $63.6M (73.4 kt) of palm oil▲ 23.2% YoY. That ranks #13 worldwide (0.7% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2024
- #1 Malaysia $3.3B · 38.2%
- #2 Indonesia $2.72B · 31.4%
- #3 Thailand $737.8M · 8.5%
- #4 Guatemala $444.6M · 5.1%
- #5 Colombia $339.5M · 3.9%
Annual export data Philippines · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $63.6M | 73.4 kt | $0.87 |
| 2023 | $51.6M | 54 kt | $0.96 |
| 2022 | $24.3M | 18.4 kt | $1.32 |
| 2021 | $22.5M | 22.5 kt | $1 |
| 2020 | $14M | 24.4 kt | $0.57 |
Production FAOSTAT · 2023
Philippines produced 135.2 kt of palm oil in 2023▲ 1.4% YoY. It ranks #19 among producing countries (0.2% of world output).
Production by year (tonnes)
HS Code
palm oil is traded under Harmonized System code 1511.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS — UN Comtrade; production — FAOSTAT (FAO). Values are official reported figures.