Malaysia is the world’s second-largest supplier of palm oil. As per the current market analysis reports and Bangladesh import data, Bangladesh is looking to increase its palm oil imports from Malaysia. In 2021, according to Bangladesh Import Data Year Wise Bangladesh imported palm oil worth $2.6 billion. In 2021, Malaysia’s export share was $186 million.
On a global level, Indonesia and Malaysia are the two largest exporter countries of palm oil with a share of 75% and 15% respectively. You can get access to our huge database and gain insights into the trade statistics and strategies of Bangladesh export data year-wise.
Palm Imports by Country in 1000 MT
Bangladesh ranks 6th position as the global largest importer country of palm oil. Whereas India remains the top importer country to import palm oil followed by China and EU-27.
Rank & Country | Imports (1000 MT) |
India | 8,450 |
China | 7,100 |
EU-27 | 6,600 |
Pakistan | 3,550 |
United States | 1,625 |
Bangladesh | 1,390 |
Egypt | 1,200 |
Philippines | 1,200 |
Kenya | 1,080 |
Russian | 1,075 |
Bangladesh Palm Oil Import Throughout 2021
Quarter | Value In USD ($) | Unit | Year |
Quarter-1 | $380 | Million | 2021 |
Quarter-2 | $689 | Million | 2021 |
Quarter-3 | $794 | Million | 2021 |
Quarter-4 | $797 | Million | 2021 |
As you can see the imports of palm oil of this country from the world kept increasing with each quarter in 2021 based on Bangladesh import data year wise.
As the country looking to expand its global market share of the industry, Malaysia is eager to accumulate the export of palm oil to Bangladesh. Bangladesh with its annual imports of $1 million tons of palm oil, can become a sustainable market for Malaysia's palm oil exports. In regard to this, the government of Malaysia has also been interacting with other countries such as Iran and Saudi Arabia in the Middle east.
Malaysia Export to Bangladesh
Based on Malaysia export data and Bangladesh import data by hs code, some of the top exports products of Malaysia to Bangladesh have given below:
Commodity | Value In USD ($) | Year |
Mineral oils, fuels & distillation products | $405.72 Million | 2020 |
Animal-Vegetable fats & oils, cleavage products | $213.74 Million | 2020 |
Plastics | $95.91 Million | 2020 |
Machinery, nuclear reactors, boilers | $83.58 Million | 2020 |
Aluminum | $57.10 Million | 2020 |
Salt, sulfur, earth, stone, plaster, lime & cement | $46.28 Million | 2020 |
Rubbers | $31.95 Million | 2020 |
Miscellaneous chemical products | $31.04 Million | 2020 |
Organic chemicals | $24.60 Million | 2020 |
Cotton | $22.84 Million | 2020 |
Malaysia and Indonesia are the two largest producers and exporters of palm oil in the world. Nations such as India, Bangladesh, and many other Asian countries extremely depend on them to meet the required demand of their country's edible oil.
To know more and to gain full transparency into the trade activities of Bangladesh import and export or Malaysia import & export or any other global country, you can connect to us as Exim offers top-notch world-class customs global import-export marketing services and solutions.
For more info visit site:https://www.eximtradedata.com
No comments:
Post a Comment