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Showing posts with the label Malaysia import export data

Malaysia, "the world's biggest vegetable oils exporter"

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  Animals or vegetable fats and oils are the world's 525th most traded products. Globally, Malaysia is the biggest exporter of vegetable oils. According to Malaysia import export data , around 2 billion worth of vegetable oils were exported during last year. Turkey was the biggest importer of animal or vegetable oils from Malaysia responsible for 11% market share.  Import share wise, Netherlands (7.8%), United States (7%), Egypt (5.8%), South Korea (5.5%), China (4.5%) and Italy (4.1%) were the major animal/vegetable oils importers from Malaysia during last year. On the other hand, Nearly, 4.06 million metric tonnes of cooking oil shipments were made by Malaysia. These include palm oil, palm-based oleo, palm kernel oil, palm kernel cake, palm biodiesel, etc. Malaysia accounts for 30% of the global market overall palm oil exports. Continent wise, Asian countries were the biggest importer of vegetables fats & oils from Malaysia with 57% market share. Whereas, African countri...

Malaysia, "World's 5th biggest aluminium exporter"

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  Malaysia is the world's leading aluminium exporter. Malaysia made record aluminium shipments during last year. According to the Malaysia import export data , over $7.8 billion worth of aluminium shipments were made during 2023. Malaysia's majority of the aluminium exports were mostly to India which accounted for over 54% of the country's total exports.  Whereas, Vietnam was the second biggest importer of Malaysian aluminium products accounting for 17% share. Indonesia was the third biggest aluminium importer from Malaysia having 15% share. Malaysia's aluminium exports showed positive growth among Philippines, Nigeria, Bangladesh, Ukraine, Turkey, Pakistan and Zimbabwe market.  Press Metal, and ALCOM group were the leading aluminium exporting companies accounting for the maximum amount of shipments during last fiscal year. Sapa Extrusion from India was responsible for the maximum number of aluminium imports from Malaysia. As per Malaysia import data reports, the count...

Malaysia's palm oil exports sees record growth In FY 2023

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  Palm oil has a strong demand in the global market due to its use of cooking oil and beauty products. The demand became more prominent when it was banned by Indonesia which is the largest exporter of palm oil across the globe. Malaysia, which is the second largest palm oil exporter, has shown record palm oil exports during the financial year 2023. Although, there are certain regulations for the palm oil exports amid mass deforestation across the country. Malaysia’s palm oil production is estimated to be around 18.4 million MT this year. According to the Malaysia import export data , the country’s overall palm oil exports hit $15 billion during last year. Whereas, Malaysian palm oil exports reached over 8 million tonnes till now.  The most favoured destinations for Malaysia's palm oil exports are India, Zimbabwe, Kenya, Philippines, Pakistan, Turkey, Vietnam, Ghana, Ukraine and Bangladesh. According to the Malaysia export data reports, India has imported over $4 billion worth...