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2022
Exports $17.7BWorld Rnk 2 / 149
Flag Rnk 4 / 1198
2022
Destination $269M India
2021 - 2022
FASTEST GROWING MARKET $269MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $1.51BWorld Rnk 8 / 208
Flag Rnk 26 / 1203
2022
Origin $235M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $235MIndonesia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

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).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Palm Oil exports accounted up to MYR5.41B and imports accounted up to MYR49.8M, resulting in a positive trade balance of MYR5.36B. Between September 2023 and September 2024 the exports of Malaysia's   Palm Oil have increased by MYR735M (15.7%) from MYR4.67B to MYR5.41B, while imports decreased by MYR-161M (-76.4%) from MYR211M to MYR49.8M.

Destinations In September 2024, Palm Oil were exported mostly to India (MYR874M), China (MYR391M), Kenya (MYR391M), Egypt (MYR322M), and Philippines (MYR284M), and were imported mostly from Indonesia (MYR43.9M) and Singapore (MYR5.93M).

Growth In September 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 September 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Papua New Guinea (MYR-123M or -79%) and Singapore (MYR-7.64M or -98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR735M(15.7%)
IMPORT GROWTH (September 2023 - September 2024)MYR-161M(-76.4%)
MAIN DESTINATION (September 2024)IndiaMYR874M

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

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.

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