Malaysia | Imports and Exports | World | Palm oil | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" from Malaysia totalled $ 11.8 billion in 2023. Sales of commodity group 1511 from Malaysia decreased by 29% in value terms compared to 2022. exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 5.07 billion (cumulative exports of commodity group 1511 from Malaysia amounted $16.9 billion in 2022)
Exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" amounted to 3.8% of total exports from Malaysia (cumulative merchandise exports from Malaysia totalled $ 312 billion in 2023). The share of commodity group 1511 in total exports from Malaysia decreased by 1 p.p. compared to 2022 (it was 4.81% in 2022 and cumulative exports from Malaysia were equal to $ 352 billion).
Exports of commodity group 1511 amounted to 70% of total sales of group "" from Malaysia in 2023 (the value of exports of commodity group from Malaysia amounted to $16.8 billion in 2023). The share of exports of commodity group 1511 in sales of commodity group from Malaysia lowered by 1.35 p.p. compared to 2022 (it was 71% in 2022, and exports of commodity group from Malaysia were $23 billion).
Where does Malaysia export Palm oil and its fractions, whether or not refined, but not chemically modified?
Top export destinations of "Palm oil and its fractions, whether or not refined, but not chemically modified" from Malaysia in 2023:
- India with a share of 19.5% (2.32 billion US$)
- Kenya with a share of 6.04% (719 million US$)
- China with a share of 5.53% (659 million US$)
- Turkey with a share of 5.12% (609 million US$)
- Japan with a share of 4.18% (497 million US$)
- Pakistan with a share of 3.69% (439 million US$)
- Vietnam with a share of 3.28% (391 million US$)
- Philippines with a share of 3.21% (383 million US$)
- Netherlands with a share of 2.92% (348 million US$)
- Afghanistan with a share of 2.77% (329 million US$)
Exports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - from Malaysia in 2023 represented by the following main commodity groups:
- 74% (8.87 billion US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 25% (3.02 billion US$): 151110 - Palm oil, crude
The value of imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" to Malaysia totalled $ 837 million in 2023. Sales of commodity group 1511 to Malaysia decreased by 42% in value terms compared to 2022. imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 616 million (the value of imports of commodity group 1511 to Malaysia was equal to $1.45 billion in 2022)
Imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" accounted for 0.315% of total import flow to Malaysia (in 2023, total imports to Malaysia amounted to $ 265 billion). The share of commodity group 1511 in total imports to Malaysia decreased by 0.178 p.p. compared to 2022 (it was 0.493% in 2022 and cumulative imports to Malaysia were equal to $ 294 billion).
Imports of commodity group 1511 reached 32% of total imports of group "" to Malaysia in 2023 (imports of commodity group to Malaysia totalled $2.54 billion in 2023). The share of purchases of commodity group 1511 in imports of commodity group to Malaysia went down by 1.05 p.p. compared to 2022 (it was 33% in 2022, and imports of commodity group to Malaysia accounted for $4.27 billion).
Where does Malaysia import Palm oil and its fractions, whether or not refined, but not chemically modified from?
Top trading partners (import of "Palm oil and its fractions, whether or not refined, but not chemically modified") of Malaysia in 2023:
- Indonesia with a share of 93% (782 million US$)
- Papua New Guinea with a share of 4.9% (41 million US$)
- Singapore with a share of 1.31% (11 million US$)
- Ecuador - 1.4 million US$
- Sudan - 775 thousand US$
- Pakistan - 617 thousand US$
- Sierra Leone - 306 thousand US$
- China - 23 thousand US$
- Germany - 4.56 thousand US$
Imports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - to Malaysia in 2023 represented by the following main commodity groups:
- 82% (694 million US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 17.1% (143 million US$): 151110 - Palm oil, crude
