How much palm oil does Thailand produce and export?
Thailand is the 3rd largest producer of palm oil: 3.3 million tonnes in 2023, 4.2% of the world's 79.6 million tonnes (FAOSTAT). It is the nullth largest exporter by value: $873.3 million in 2024, 2% of world exports of palm oil (HS 1511) (CEPII BACI). Its biggest customer is India, which takes 85% of its palm oil exports by value.
All about palm oil · All about Thailand · Palm oil price history
Thailand's palm oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3 | 3.3 million tonnes | 4.2% | +5.4% a year | 2023 |
FAOSTAT Crops and livestock products (QCL), 2023. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2023 |
|---|---|---|---|---|
| 2% | 2.6% | 2.8% | 3.5% | 4.2% |
Thailand's palm oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| $873.3 million | 2% | 864,380 t | $1,010 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1511 (Palm oil and its fractions).
Where Thailand's palm oil goes
How much palm oil Thailand uses
Thailand's domestic supply of palm oil was 2.4 million tonnes in 2023, 3.1% of the world's. Food supply was 3.7 kg per person a year, 40th highest of 100 countries with a million or more people. It produced 137% of what it used (self-sufficiency) and imported 0%. FAO's item is "Palm oil". Consumption · Self-sufficiency.
The palm oil price Thailand sells into
The benchmark price, Malaysia, CIF Northwest Europe, was $1,180/t in September 2026, up 14% over twelve months. Its five-year volatility is 26% a year, calmer in 59% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Palm oil price history.
Cite as: Commodity Origins, "Thailand palm oil: production, exports and prices", https://commodityorigins.com/countries/THA/palm-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.