Palm Oil Prices in Saudi Arabia
| Variety | Market level | Price (US$/kg) | Local (SAR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 4.27 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.48 | 5.55 | ▲ 45.5% | ▲ 45.5% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Saudi Arabia available is US$ 1.48 per kg (5.55 SAR), up 45.5% year-on-year.
Saudi Arabia exported 649 tonnes of palm oil in 2024, valued at US$961,706, ranking #25 among 65 global exporters and accounting for 0.0% of global exports. Export volumes declined by 16.4% year-on-year. The latest export unit value for palm oil is US$1.4812 per kg. Saudi Arabia is a net exporter of palm oil.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Saudi Arabia
Saudi Arabia exported 649 tonnes of palm oil in 2024, valued at US$961,706, ranking #25 among 65 global exporters and accounting for 0.0% of global exports. Export volumes declined by 16.4% year-on-year. The latest export unit value for palm oil is US$1.4812 per kg. Saudi Arabia is a net exporter of palm oil.
Exports UN Comtrade · 2024
In 2024, Saudi Arabia exported $961.7K (649.3 t) of palm oil▼ 16.4% YoY. That ranks #25 worldwide (0% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data Saudi Arabia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $961.7K | 649.3 t | $1.48 |
| 2023 | $1.2M | 1.1 kt | $1.02 |
| 2022 | $578.7K | 272 t | $2.13 |
| 2021 | $519.5K | 331 t | $1.57 |
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. Values are official reported figures.