Palm Oil in Malaysia

2019
Exports | Imports
: $8.91B | $686M, World Rnk 2 / 144
Flag Rnk 5 / 1201 | World Rnk 9 / 203
Flag Rnk 55 / 1208

2019
Destination | Origin
: $1.99B | $644M, India | Indonesia

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $769M | $113M, India |  Indonesia

2019
ECONOMIC COMPLEXITY of Malaysia
: 1.16, Rnk 24 / 157

2019
PRODUCT COMPLEXITY  IN Palm Oil
: -2.12, Rnk 1010 / 1029

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%).

Overview: In September 2020 Malaysia's Palm Oil exports accounted up to N/A3.8B and imports accounted up to N/A229M, resulting in a positive trade balance of N/A3.57B. Between September 2019 and September 2020 the exports of Malaysia's   Palm Oil have increased by N/A1.04B (37.7%) from N/A2.76B to N/A3.8B, while imports increased by N/A29.2M (14.6%) from N/A200M to N/A229M.

Destinations: In September 2020 Palm Oil exported mostly to India (MYR844M), China (MYR551M), Philippines (MYR236M), Netherlands (MYR234M), and Kenya (MYR162M), and 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 (MYR296M or 116%), India (MYR150M or 21.6%), and Philippines (MYR102M or 75.5%). In September 2020, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (September 2019 - September 2020): N/A1.04B, (37.7%)

IMPORT GROWTH (September 2019 - September 2020): N/A29.2M, (14.6%)

MAIN DESTINATION (September 2020): India, MYR844M

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.

Value

EXPORTS (2019): $8.91B

IMPORTS (2019): $686M

NET TRADE (2019): $8.22B

In 2019, Malaysia exported $8.91B in Palm Oil. The main destinations of Malaysia exports on Palm Oil were India ($1.99B), China ($906M), Pakistan ($426M), Netherlands ($404M), and Turkey ($329M).

In 2019, Malaysia imported $686M in Palm Oil, mainly from Indonesia ($644M), Papua New Guinea ($12.6M), Cambodia ($12.1M), Philippines ($9.92M), and Singapore ($5.71M).

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IN 2019, Malaysia HAD A POSITIVE NET TRADE IN Palm Oil WITH:

IN 2019, Malaysia HAD A NEGATIVE NET TRADE IN Palm Oil WITH:

Flow

THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Malaysia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Malaysia WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, Malaysia's main exporting competitors in Palm Oil were:

In 2018, Malaysia's main importing competitors in Palm Oil were:

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Tariffs by Country

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In 2016, the average tariff for Malaysia in Palm Oil was 3.75%.

The countries with the highest tariffs for Palm Oil in Malaysia were Angola (3.75%), Burundi (3.75%), Benin (3.75%), Burkina Faso (3.75%), and Botswana (3.75%).

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