India was the world's largest importer of CPO in 2020.

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Viva Budy Kusnandar 26/04/2022 10:00 WIB

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India's CPO import value increased by US$ 1.73 billion (55%) to US$ 4.87 billion in 2020.

Top 10 Countries with the Highest CPO Import Values according to OEC World (2020)

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India was the world's largest importer of CPO in 2020.

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Top 10 Countries with the Highest CPO Import Values according to OEC World (2020)

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Based on OEC World data, India was the world's largest importer of crude palm oil (CPO) in 2020.

India's CPO imports (HS code 151110) in 2020 reached US$4.87 billion, an increase of US$1.73 billion or 55% year-on-year.

This accounted for 44.62% of the total global palm oil trade, valued at US$10.91 billion in 2020.

(See also: [This is Indonesia's Largest Palm Oil Export Destination](https://databoks.katadata.co.id/datapublish/2022/01/31/ini-negara-tujuan-ekspor-minyak-sawit-terbesar-indonesia))

The next largest importer was the Netherlands, with imports of US$1.36 billion (12.51%). The Netherlands also has a commodities exchange in Rotterdam that trades CPO.

This was followed by Spain with CPO imports of US$928.36 million (8.51%), then Italy at US$579.1 million (5.31%), Kenya at US$505.12 million (5.31%), and Malaysia at US$336.14 million (3.08%).

Other significant importers included Uganda with CPO imports of US$295.53 million (2.7%), Mexico at US$262.13 million, Singapore at US$235.99 million, Germany at US$235.81 million, and a combined US$1.29 billion (11.91%) from other countries.

The median global CPO import tariff was 7.54% in 2018. Thailand imposed the highest palm oil import tariff, at 139%.

This was followed by Bhutan at 99.6%, India at 89.8%, Switzerland at 70.8%, and Liechtenstein at 70.8%.

Angola, Egypt, Kenya, Mauritania, and Mauritius imposed zero percent import tariffs.

(See also: [Export Ban: Top 10 Largest Palm Oil Plantation Companies in Indonesia](https://databoks.katadata.co.id/datapublish/2022/04/25/dilarang-ekspor-ini-10-perusahaan-pemilik-kebun-sawit-terluas-di-ri))

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."