Export And Import Of Palm Oil Companies in Malaysia

The palm oil industry is a major contributor to the economy of Malaysia, accounting for 2.6 percent of the country’s GDP in 2015. The industry provides employment to nearly 600,000 people, and is also a major source of foreign exchange earnings.

Malaysia is the world’s second largest producer and exporter of palm oil, after Indonesia. In 2015, the country produced 18.79 million tonnes of palm oil, and exported 16.54 million tonnes. The main export destinations for Malaysian palm oil are India, China, the European Union, and Pakistan.

The palm oil industry in Malaysia is highly efficient and vertically integrated, with companies operating at every stage of the value chain from palm oil plantations to refining and marketing. The industry is also well-regulated, with a strong focus on sustainability.

The Malaysian palm oil industry has come under scrutiny in recent years due to concerns about the environmental impact of palm oil production. However, the industry has made significant progress in reducing its impact on the environment, and is now widely recognized as a leader in sustainable palm oil production.