NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $14BWorld Rnk 2 / 150
Flag Rnk 5 / 1208
2023
Destination $182M India
2022 - 2023
FASTEST GROWING MARKET $182MTanzania
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $835MWorld Rnk 16 / 206
Flag Rnk 51 / 1211
2023
Origin $2.68M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $2.68MLiberia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $14B 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 ($2.63B), China ($1.03B), Turkey ($741M), Kenya ($614M), and Japan ($593M).

The fastest growing export markets for Palm Oil of Malaysia between 2022 and 2023 were Tanzania ($182M), Yemen ($92.8M), and Italy ($52.1M).

Imports In 2023, Malaysia imported $835M in Palm Oil, becoming the 16th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 51st most imported product in Malaysia. Malaysia imports Palm Oil primarily from: Indonesia ($769M), Papua New Guinea ($41.1M), Singapore ($10.5M), Philippines ($7.61M), and Liberia ($2.84M).

The fastest growing import markets in Palm Oil for Malaysia between 2022 and 2023 were Liberia ($2.68M), Philippines ($2.01M), and Sudan ($776k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Palm Oil exports accounted up to MYR5.82B and imports accounted up to MYR118M, resulting in a positive trade balance of MYR5.71B. Between November 2023 and November 2024 the exports of Malaysia's   Palm Oil have increased by MYR1.24B (27.2%) from MYR4.58B to MYR5.82B, while imports increased by MYR19.9M (20.2%) from MYR98.1M to MYR118M.

Destinations In November 2024, Palm Oil were exported mostly to India (MYR1.1B), Kenya (MYR922M), Philippines (MYR327M), Egypt (MYR309M), and China (MYR282M), and were imported mostly from Indonesia (MYR105M), Singapore (MYR12.5M), and Thailand (MYR155k).

Growth In November 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Iran (MYR198M or 5.03k%), Djibouti (MYR175M or 299%), and Egypt (MYR120M or 64.7%). In November 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR408M or 182%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR1.24B(27.2%)
IMPORT GROWTH (November 2023 - November 2024)MYR19.9M(20.2%)
MAIN DESTINATION (November 2024)IndiaMYR1.1B

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$14B
IMPORTS (2023)$835M
NET TRADE (2023)$13.2B

In 2023, Malaysia exported $14B in Palm Oil. The main destinations of Malaysia exports on Palm Oil were India ($2.63B), China ($1.03B), Turkey ($741M), Kenya ($614M), and Japan ($593M).

In 2023, Malaysia imported $835M in Palm Oil, mainly from Indonesia ($769M), Papua New Guinea ($41.1M), Singapore ($10.5M), Philippines ($7.61M), and Liberia ($2.84M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Tanzania$182M (152%)
Yemen$92.8M (195%)
Italy$52.1M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Malaysia WERE (2022 - 2023):
India-$1.17B (-30.8%)
China-$604M (-37%)
Philippines-$300M (-42.1%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Netherlands $1.12B
In 2023, Malaysia's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

Explore Visualizations

Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $344M
TOP IMPORT POTENTIALIndonesia+ $162M

Palm Oil’s highest export potential is China. With an export gap of $344M.   Palm Oil’s highest import potential is Indonesia with an import gap of $162M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms