How much palm oil does Malaysia produce and export?
Malaysia is the 2nd largest producer of palm oil: 18.6 million tonnes in 2023, 23% of the world's 79.6 million tonnes (FAOSTAT). It is the 2nd largest exporter by value: $15.1 billion in 2024, 34% of world exports of palm oil (HS 1511) (CEPII BACI). Its biggest customer is India, which takes 19% of its palm oil exports by value.
All about palm oil · All about Malaysia · Palm oil price history
Malaysia's palm oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 2 | 18.6 million tonnes | 23% | -0.4% a year | 2023 |
FAOSTAT Crops and livestock products (QCL), 2023. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2023 |
|---|---|---|---|---|
| 53% | 49% | 37% | 25% | 23% |
Malaysia's palm oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $15.1 billion | 34% | 15.1 million t | $1,000 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1511 (Palm oil and its fractions).
Where Malaysia's palm oil goes
| Destination | Value | Share of Malaysia's exports |
|---|---|---|
| India | $2.9B | 19% |
| Kenya | $1.2B | 7.7% |
| China | $1.0B | 6.7% |
| Turkey (Türkiye) | $629M | 4.2% |
| Philippines | $593M | 3.9% |
How much palm oil Malaysia uses
Malaysia's domestic supply of palm oil was 5.6 million tonnes in 2023, 7.4% of the world's. Food supply was 6.0 kg per person a year, 23rd highest of 100 countries with a million or more people. It produced 309% of what it used (self-sufficiency) and imported 15%. FAO's item is "Palm oil". Consumption · Self-sufficiency.
The palm oil price Malaysia sells into
The benchmark price, Malaysia, CIF Northwest Europe, was $1,180/t in September 2026, up 14% over twelve months. Its five-year volatility is 26% a year, calmer in 59% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Palm oil price history.
Cite as: Commodity Origins, "Malaysia palm oil: production, exports and prices", https://commodityorigins.com/countries/MYS/palm-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.