Exports: In 2019, Malaysia exported $8.91B in Palm Oil, making it the 2nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 5th most exported product in Malaysia. The main destination of Palm Oil exports from Malaysia are: India ($1.99B), China ($906M), Pakistan ($426M), Netherlands ($404M), and Turkey ($329M).
The fastest growing export markets for Palm Oil of Malaysia between 2018 and 2019 were India ($769M), China ($220M), and Nigeria ($102M).
Imports: In 2019, Malaysia imported $686M in Palm Oil, becoming the 9th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 55th most imported product in Malaysia. Malaysia imports Palm Oil primarily from: Indonesia ($644M), Papua New Guinea ($12.6M), Cambodia ($12.1M), Philippines ($9.92M), and Singapore ($5.71M).
The fastest growing import markets in Palm Oil for Malaysia between 2018 and 2019 were Indonesia ($113M), Philippines ($753k), and Kenya ($670k).
Tariffs: In 2016, the average tariff for Malaysia in Palm Oil was 3.75%. The countries with the highest import tariffs for Palm Oil were Angola (3.75%), Burundi (3.75%), Benin (3.75%), Burkina Faso (3.75%), and Botswana (3.75%).