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Who buys Malaysia’s palm oil? Export destinations 2024

In 2024, Malaysia exported $14.6 billion of palm oil (14.8 million tonnes), 34.2% of the world total. Its main destinations were India (20%), China (7%) and Kenya (5%). Malaysia was the world’s 2nd-largest exporter of palm oil.

Summary

Value
$14.6billion
Tonnes
14.8million tonnes
Share of world total
34.2%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
India2.9Tonnes: 2,914,545USD per tonne: $98619.8%Sea
China1.1Tonnes: 1,137,927USD per tonne: $9397.4%Sea
Kenya0.78Tonnes: 808,158USD per tonne: $9635.4%Sea
Turkey0.65Tonnes: 651,619USD per tonne: $1,0024.5%Sea
Philippines0.57Tonnes: 660,403USD per tonne: $8704%Sea
Japan0.55Tonnes: 559,373USD per tonne: $9833.8%Sea
Netherlands re-exports0.48Tonnes: 483,715USD per tonne: $1,0003.3%Sea
Egypt0.42Tonnes: 384,081USD per tonne: $1,1052.9%Sea
Vietnam0.4Tonnes: 426,001USD per tonne: $9422.8%Sea
South Korea0.37Tonnes: 392,593USD per tonne: $9532.6%Sea
Italy0.37Tonnes: 302,045USD per tonne: $1,2242.5%Sea
Iran0.36Tonnes: 383,530USD per tonne: $9512.5%Sea
Bangladesh0.36Tonnes: 398,145USD per tonne: $9012.5%Sea
Mozambique0.34Tonnes: 270,657USD per tonne: $1,2542.3%Sea
Pakistan0.34Tonnes: 423,920USD per tonne: $7992.3%Sea
Saudi Arabia0.3Tonnes: 342,854USD per tonne: $8822.1%Sea
Djibouti0.25Tonnes: 274,132USD per tonne: $9241.7%Sea
Uganda0.24Tonnes: 199,309USD per tonne: $1,2041.7%Sea
Togo0.22Tonnes: 212,555USD per tonne: $1,0491.5%Sea
Nigeria0.22Tonnes: 240,844USD per tonne: $9261.5%Sea

Trend

Who it sells to

India has been its main destination since 2014

Value in USD billions. The five largest destinations in 2024.

  • India 2.9
  • China 1.1
  • Kenya 0.78
  • Turkey 0.65
  • Philippines 0.57

Source: CEPII BACI

Show the numbers
Partner19952024
India0.452.9
China0.641.1
Kenya< 0.010.78
Turkey0.120.65
Philippines< 0.010.57

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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