Palm Oil: Costa Rica is the Main Exporter in 2020

In 2020, Costa Rica positioned itself as the largest exporter in Central America by selling $148.4 million, and the Netherlands acquired 24.87% of the region's exports.

Thursday, September 16, 2021

Export of palm oil from Central America Al December 31st, 2020  

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Costa Rica, Main Seller
In 2020, Costa Rica was the largest exporter of palm oil in the region, selling $148.4 million, followed by Panama with $28.7 million, followed by Nicaragua with $2.2 million, followed by El Salvador with $0.4 million.

During the year, Panama, Costa Rica and Nicaragua increased their sales in year-on-year terms by 69.3%, 33.8% and 11%, respectively. El Salvador's exports decreased by 4.9%.

The Netherlands, Main Buyer
Last year, 24.87% of the value exported from Central America was exported to the Netherlands, 22.58% to Mexico, 17.55% to Spain, 8.77% to El Salvador and 8.34% to Italy.

Downward Trend in Regional Business
Between 2019 and 2020, the exported value of palm oil recorded a 17.6% decrease, falling from $811 million to $668.1 million.

In the case of traded volume, it decreased by 33.03% for the periods under analysis, going from 1.581 million tons in 2019 to 1.058 million tons in 2020.
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More on this topic

Palm Oil: Regional Sales Up 22%

July 2021

During 2020, exports from Central America of palm oil and its fractions totaled $986 million, an amount that exceeds by 22% what was reported in 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]

Palm Oil: Regional Sales Up 12%

April 2021

From January to September 2020 exports from Central America of palm oil and its fractions totaled $648 million, an amount that exceeds by 12% what was reported in the same period of 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

Palm Oil: $336 Million in Regional Sales

January 2021

From January to June 2020, exports from Central America of palm oil and its derivatives totaled $336 million, an amount barely 1% higher than that reported for the same period in 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]

Palm Oil: Export Price Not Improving

August 2019

In recent years, the average price of palm oil exports from Central America has reported a downward trend, from $1.13 per kilo in May 2012 to $0.53 per kilo in March 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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