When it comes to global palm oil exports, one country continues to dominate the trade landscape—Malaysia. Known for its well-established palm oil industry and extensive export networks, Malaysia is a global leader in the palm oil supply chain. In this article, we explore palm oil exporters in Malaysia, importers like India, palm oil trade data, and the major players driving this industry.
Palm Oil Industry in Malaysia
Malaysia has long been recognized as a global palm oil hub. The country's tropical climate, fertile soil, and government support have helped it evolve into one of the most efficient palm oil producers in the world.
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Contribution to GDP: The palm oil industry significantly contributes to Malaysia’s economy and rural employment.
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Sustainability Focus: With growing global concern over deforestation, the country emphasizes sustainable palm oil practices through certifications like RSPO (Roundtable on Sustainable Palm Oil).
Malaysia's Palm Oil Export Data (2023–24)
Malaysia was the second-largest exporter of palm oil in 2023–24, shipping over 16.2 million metric tonnes of palm oil globally.
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In 2024, exports are projected to grow by 3.3%, reaching 15.6 million metric tonnes.
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The export value of palm oil and palm-based products is expected to grow 4.3% to RM110 billion.
Top Export Destinations:
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India (2.9 million MT)
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China (1.69 million MT)
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European Union (1.22 million MT)
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Philippines, Turkey, Kenya, Japan
Top Palm Oil Exporters in Malaysia
Malaysia is home to some of the world’s biggest palm oil producers and exporters. Here are the leading companies driving this sector:
Top Plantation Companies:
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Sime Darby Plantation Berhad
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Felda Global Ventures Holdings Berhad
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Kuala Lumpur Kepong Berhad
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Rajawali Corp
Leading Exporters:
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Wilmar International Limited
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Palm Oleo Sdn Bhd
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Golden Agri-Resources Limited
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IOI Corporation Berhad
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United Plantations Berhad
Leading Importers of Malaysian Palm Oil
Top Importing Countries (2022):
| Country | Import Value (Billion USD) | Global Share (%) |
|---|---|---|
| India | $11.7 B | 23% |
| China | $5.84 B | 11.4% |
| Pakistan | $3.8 B | 7.47% |
| USA | $2.42 B | 4.75% |
| Netherlands | $2.13 B | 4.18% |
Malaysia Palm Oil Import Data (2023–24)
Despite being a major exporter, Malaysia imported approximately 30,000 metric tonnes of palm oil in MY 2023/24.
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Reason for imports: Meeting specific domestic demands and processing blends.
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Reduction trend: A result of high local stock and carryover from other oils in importing countries like India.
Top Palm Oil Exporting Countries
| S. No | Country | Export Value (Billion USD) |
|---|---|---|
| 1 | Indonesia | $28.7 |
| 2 | Malaysia | $17.7 |
| 3 | Thailand | $1.16 |
| 4 | Papua New Guinea | $1.00 |
| 5 | Guatemala | $0.84 |
Why Is Palm Oil Important to Malaysia?
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Economic Growth: Palm oil accounts for 11% of global oils and fats output and 27% of global exports.
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Employment: The industry supports hundreds of thousands of jobs.
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Export Dominance: Malaysia's long-standing expertise, favorable weather, and infrastructure make it a reliable palm oil exporter.
Malaysia’s Role in the Global Trade
Despite challenges like environmental concerns and price fluctuations, Malaysia continues to hold a vital position in the palm oil industry due to:
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Government support (via Malaysian Palm Oil Board - MPOB and Malaysian Palm Oil Council - MPOC)
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Global demand for food-grade and biofuel palm oil
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Technological innovations in sustainable cultivation and processing
How to Export Palm Oil from Malaysia
Steps to Export Palm Oil:
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Register with MPOB
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Obtain necessary licenses
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Identify HS Codes (e.g., 151110 for crude palm oil)
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Meet sustainability and quality standards
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Connect with global buyers or use platforms like Eximpedia.app
Conclusion
Malaysia's palm oil industry continues to thrive as a pillar of its national economy and a key contributor to the global vegetable oil supply. Whether you're a buyer looking for trusted palm oil exporters in Malaysia or a business aiming to understand palm oil export data, Malaysia remains a leading hub worth watching.
For the latest palm oil export data, trade insights, or to connect with verified exporters, visit Eximpedia.app today and request a free live sample!
FAQs
1. Who is the largest palm oil producer in Malaysia?
Sime Darby Plantation is one of the largest producers of palm oil in Malaysia.
2. Which countries import palm oil from Malaysia?
India, China, EU nations, Turkey, and the Philippines are the biggest importers.
3. Who is the top exporter of palm oil globally?
Indonesia is the largest exporter of palm oil, followed by Malaysia.
4. How much palm oil does Malaysia export annually?
Malaysia exported 16.2 million metric tonnes in 2023 and is projected to ship 15.6 million metric tonnes in 2024.
5. Where can I get reliable palm oil export data?
You can get the most updated and accurate palm oil export/import data from Eximpedia.app.
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