Palm Oil Prices in US
| Variety | Market level | Price (US$/kg) | Price (US$/lb) | Local (USD) | MoM | YoY | Source |
|---|---|---|---|---|---|---|---|
| — | Global benchmark | 1.14 | 0.52 | — | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| — | Export (unit value) | 1.00 | 0.45 | — | ▼ 12.4% | ▼ 12.4% | UN Comtrade (unit value) |
As of May 2026, the palm oil price in US is US$ 1.00 per kg (US$ 0.45 / lb), down 12.4% 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 US 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 US
Exports UN Comtrade · 2024
In 2024, US exported $9.2M (8.1 kt) of palm oil▲ 0.2% YoY. That ranks #17 worldwide (0.1% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data US · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $9.2M | 8.1 kt | $1.14 |
| 2023 | $9.2M | 7.9 kt | $1.16 |
| 2022 | $7.5M | 6.8 kt | $1.09 |
| 2021 | $4.5M | 4.3 kt | $1.04 |
| 2020 | $4.4M | 5.5 kt | $0.8 |
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.