Palm Oil in Malaysia 2021 Exports | Imports : $15B | $1.25B, World Rnk 2 / 149 Rnk 3 / 1201 | World Rnk 10 / 202 Rnk 30 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.13B | $426M, India | Indonesia
2021 ECONOMIC COMPLEXITY of Malaysia: 1.09, Rnk 24 / 131
2021 PRODUCT COMPLEXITY IN Palm Oil: -2.42, Rnk 1014 / 1024
Exports In 2021, Malaysia exported $15B in Palm Oil, making it the 2nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 3rd most exported product in Malaysia. The main destination of Palm Oil exports from Malaysia are: India ($3.75B), China ($1.1B), Netherlands ($807M), Kenya ($747M), and Turkey ($564M).
The fastest growing export markets for Palm Oil of Malaysia between 2020 and 2021 were India ($2.13B), Kenya ($420M), and Netherlands ($216M).
Imports In 2021, Malaysia imported $1.25B in Palm Oil, becoming the 10th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 30th most imported product in Malaysia. Malaysia imports Palm Oil primarily from: Indonesia ($1.15B), Papua New Guinea ($36M), United States ($27.2M), Singapore ($19.8M), and Philippines ($13.7M).
The fastest growing import markets in Palm Oil for Malaysia between 2020 and 2021 were Indonesia ($426M), United States ($26.8M), and Singapore ($11.2M).
September 2020
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%).
EXPORT GROWTH (September 2019 - September 2020): MYR1.04B, (37.7%)
IMPORT GROWTH (September 2019 - September 2020): MYR29.2M, (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.
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EXPORTS (2021): $15B
IMPORTS (2021): $1.25B
NET TRADE (2021): $13.8B
In 2021, Malaysia exported $15B in Palm Oil. The main destinations of Malaysia exports on Palm Oil were India ($3.75B), China ($1.1B), Netherlands ($807M), Kenya ($747M), and Turkey ($564M).
In 2021, Malaysia imported $1.25B in Palm Oil, mainly from Indonesia ($1.15B), Papua New Guinea ($36M), United States ($27.2M), Singapore ($19.8M), and Philippines ($13.7M).
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Malaysia WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Malaysia WERE (2020 - 2021):
In 2021, Malaysia's main exporting competitors in Palm Oil were:
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