Palm Oil Prices in Thailand
| Variety | Market level | Price (US$/kg) | Local (THB) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 39.12 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.94 | 32.40 | ▲ 3.6% | ▲ 3.6% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Thailand available is US$ 0.94 per kg (32.40 THB), up 3.6% year-on-year.
Thailand is the world's third-largest exporter of palm oil, shipping 781,431 tonnes valued at US$737.8 million in 2024, which accounts for 8.5% of global exports and reflects a 0.7% year-on-year increase. The country produced 3,323,200 tonnes of palm oil in 2023, ranking third globally with 4.2% of world output and a 2.6% annual growth. The latest export unit value is US$0.9442 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Thailand
Thailand is the world's third-largest exporter of palm oil, shipping 781,431 tonnes valued at US$737.8 million in 2024, which accounts for 8.5% of global exports and reflects a 0.7% year-on-year increase. The country produced 3,323,200 tonnes of palm oil in 2023, ranking third globally with 4.2% of world output and a 2.6% annual growth. The latest export unit value is US$0.9442 per kg.
Exports UN Comtrade · 2024
In 2024, Thailand exported $737.8M (781.4 kt) of palm oil▲ 0.7% YoY. That ranks #3 worldwide (8.5% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data Thailand · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $737.8M | 781.4 kt | $0.94 |
| 2023 | $732.4M | 803.7 kt | $0.91 |
| 2022 | $1.16B | 888.3 kt | $1.31 |
| 2021 | $644.9M | 563.2 kt | $1.15 |
| 2020 | $114.3M | 177.2 kt | $0.65 |
Production FAOSTAT · 2023
Thailand produced 3.32 Mt of palm oil in 2023▲ 2.6% YoY. It ranks #3 among producing countries (4.2% 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.