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Export volume of palm oil from Malaysia to the EU 2014-2023
In 2023, Malaysia exported around 930,000 metric tons of palm oil to the European Union (EU). Despite a decrease from the previous year, the EU remained Malaysia's third-largest export market for palm oil, after India and China. 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.