In 2022, the European Union was Malaysia's most valuable export market for palm oil and palm-based products, with exports amounting to more than 21 billion Malaysian ringgit. This was followed by India and China, with a value of around 18.45 billion and 16.42 billion Malaysian ringgit respectively. However, plans by the European Commission to phase out the use of palm oil in transport fuel by 2030 threatens to reduce the size of this market for Malaysian palm oil in the future.
Leading palm oil and palm-based products export markets for Malaysia in 2022, by value
(in billion Malaysian ringgit)
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MPIC. (July 7, 2023). Leading palm oil and palm-based products export markets for Malaysia in 2022, by value (in billion Malaysian ringgit) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/
MPIC. "Leading palm oil and palm-based products export markets for Malaysia in 2022, by value (in billion Malaysian ringgit)." Chart. July 7, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/
MPIC. (2023). Leading palm oil and palm-based products export markets for Malaysia in 2022, by value (in billion Malaysian ringgit). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/
MPIC. "Leading Palm Oil and Palm-based Products Export Markets for Malaysia in 2022, by Value (in Billion Malaysian Ringgit)." Statista, Statista Inc., 7 Jul 2023, https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/
MPIC, Leading palm oil and palm-based products export markets for Malaysia in 2022, by value (in billion Malaysian ringgit) Statista, https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/ (last visited November 03, 2024)
Leading palm oil and palm-based products export markets for Malaysia in 2022, by value (in billion Malaysian ringgit) [Graph], MPIC, July 7, 2023. [Online]. Available: https://www.statista.com/statistics/1088984/malaysia-leading-palm-oil-and-palm-based-products-export-markets-value/
