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2022
Exports | Imports $17.7B | $1.51BWorld Rnk 2 / 149
Flag Rnk 4 / 1198
World Rnk 8 / 208
Flag Rnk 26 / 1203
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $269M | $235MSaudi Arabia |  Indonesia
2022
ECONOMIC COMPLEXITY of Malaysia0.96Rnk 28 / 124
2022
PRODUCT COMPLEXITY IN Palm Oil-2.34Rnk 1012 / 1025

About

Exports In 2022, Malaysia exported $17.7B in Palm Oil, making it the 2nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 4th most exported product in Malaysia. The main destination of Palm Oil exports from Malaysia are: India ($3.55B), China ($1.22B), Kenya ($859M), Turkey ($802M), and Philippines ($787M).

The fastest growing export markets for Palm Oil of Malaysia between 2021 and 2022 were Saudi Arabia ($269M), Philippines ($260M), and Japan ($246M).

Imports In 2022, Malaysia imported $1.51B in Palm Oil, becoming the 8th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 26th most imported product in Malaysia. Malaysia imports Palm Oil primarily from: Indonesia ($1.38B), Papua New Guinea ($58.8M), Singapore ($30.2M), Cote d'Ivoire ($21.5M), and Philippines ($5.21M).

The fastest growing import markets in Palm Oil for Malaysia between 2021 and 2022 were Indonesia ($235M), Papua New Guinea ($22.3M), and Cote d'Ivoire ($21.5M).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Palm Oil from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Palm Oil exports accounted up to MYR3.8B and imports accounted up to MYR229M, resulting in a positive trade balance of MYR3.57B. Between September 2019 and September 2020 the exports of Malaysia's   Palm Oil have increased by MYR1.04B (37.7%) from MYR2.76B to MYR3.8B, while imports increased by MYR29.2M (14.6%) from MYR200M to MYR229M.

Destinations In September 2020, Palm Oil were exported mostly to India (MYR844M), China (MYR551M), Philippines (MYR236M), Netherlands (MYR234M), and Kenya (MYR162M), and were imported mostly from Indonesia (MYR177M), Papua New Guinea (MYR51.6M), and Singapore (MYR196k).

Growth In September 2020, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to China (MYR165M or 59.2%), Nigeria (MYR60.4M or 144%), and Mozambique (MYR30.9M or 86.4%). In September 2020, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR54.2M or 86.2%) and Cambodia (MYR13.2M or 217%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2019 - September 2020)MYR1.04B(37.7%)
IMPORT GROWTH (September 2019 - September 2020)MYR29.2M(14.6%)
MAIN DESTINATION (September 2020)IndiaMYR844M

This section shows Palm Oil's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.7B
IMPORTS (2022)$1.51B
NET TRADE (2022)$16.2B

In 2022, Malaysia exported $17.7B in Palm Oil. The main destinations of Malaysia exports on Palm Oil were India ($3.55B), China ($1.22B), Kenya ($859M), Turkey ($802M), and Philippines ($787M).

In 2022, Malaysia imported $1.51B in Palm Oil, mainly from Indonesia ($1.38B), Papua New Guinea ($58.8M), Singapore ($30.2M), Cote d'Ivoire ($21.5M), and Philippines ($5.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Saudi Arabia$269M (77.2%)
Philippines$260M (49.3%)
Japan$246M (59.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Malaysia WERE (2021 - 2022):
India-$221M (-5.85%)
Uganda-$155M (-100%)
Ghana-$146M (-66.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Thailand $1.31B
In 2022, Malaysia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

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