Monthly Palm Oil Trade Statistics : January – December 2023

PRODUCT	UNIT	JAN – DEC 2023	JAN – DEC 2022	CHANGE (MT/RM MIL)	CHANGE (%)
CPO	Tonnes	3,561,518	3,700,231	(138,713)	(3.75)
CPO	RM Mil	13,834	19,232	(5,397)	(28.06)
PPO	Tonnes	11,536,053	12,011,839	(475,786)	(3.96)
PPO	RM Mil	48,614	67,240	(18,626)	(27.70)
PALM OIL	Tonnes	15,097,572	15,712,071	(614,499)	(3.91)
PALM OIL	RM Mil	62,449	86,472	(24,023)	(27.78)
CPKO	Tonnes	286,697	259,002	27,695	10.69
CPKO	RM Mil	1,190	1,775	(585)	(32.94)
PPKO	Tonnes	696,362	778,852	(82,490)	(10.59)
PPKO	RM Mil	3,807	6,594	(2,786)	(42.26)
PALM KERNEL OIL	Tonnes	983,061	1,037,852	(54,791)	(5.28)
PALM KERNEL OIL	RM Mil	4,998	8,369	(3,371)	(40.28)
PALM KERNEL CAKE	Tonnes	2,311,506	2,146,022	165,484	7.71
PALM KERNEL CAKE	RM Mil	1,667	1,670	(3)	(0.16)
OLEOCHEMICALS	Tonnes	2,866,445	2,734,204	132,241	4.84)
OLEOCHEMICALS	RM Mil	16,009	22,875	(6,866)	(30.02)
FINISHED PRODUCTS	Tonnes	525,229	561,710	(36,481)	(6.49)
FINISHED PRODUCTS	RM Mil	3,583	4,389	(806)	(18.36)
BIODIESEL	Tonnes	244,696	309,375	(64,679)	(20.91)
BIODIESEL	RM Mil	1,310	2,069	(759)	(36.68)
OTHERS	Tonnes	2,425,193	2,216,376	208,817	9.42
OTHERS	RM Mil	4,779	4,404	376	8.53
TOTAL	Tonnes	24,453,699	24,717,610	(263,911)	(1.07)
TOTAL	RM Mil	94,795	130,247	(35,452)	(27.22)

	Exports		Imports
	2023	2022	2023	2022
Jan	1,136,027	1,155,826	144,937	70,596
Feb	1,126,127	1,111,507	52,446	149,833
Mar	1,487,836	1,281,461	39,772	84,871
Apr	1,087,541	1,068,238	33,678	76,395
May	1,079,235	1,369,714	80,926	50,768
Jun	1,171,739	1,193,917	135,271	59,195
Jul	1,354,336	1,321,343	103,840	130,615
Aug	1,221,848	1,298,184	110,621	145,452
Sep	1,211,294	1,419,235	49,054	132,303
Oct	1,480,686	1,505,769	47,557	66,349
Nov	1,406,462	1,513,031	39,696	47,047
Dec	1,334,441	1,473,846	36,573	47,114
Jan-Dec	15,097,572	15,712,071	874,371	1,060,538

COUNTRY	JAN – DEC 2023	JAN – DEC 2022	CHANGE (MT)	CHANGE (%)
INDIA	2,809,956	2,891,422	(81,466)	(2.82)
CHINA	1,466,864	1,763,640	(296,777)	(16.83)
KENYA	915,335	763,060	152,275	19.96
TURKIYE	881,518	824,456	57,062	6.92
JAPAN	549,050	564,082	(15,033)	(2.66)
NETHERLANDS	521,138	818,045	(296,907)	(36.29)
PAKISTAN	503,502	569,961	(66,459)	(11.66)
SOUTH KOREA	470,274	417,865	52,409	12.54
VIETNAM	459,229	313,881	145,348	46.31
PHILIPPINES	441,943	638,718	(196,775)	(30.81)
TOTAL	9,018,807	9,565,130	(546,323)	(5.71)

	Production		End-Stocks
	2023	2022	2023	2022
Jan	1,380,410	1,253,581	2,268,198	1,552,477
Feb	1,253,573	1,137,462	2,119,848	1,519,412
Mar	1,288,354	1,411,223	1,674,022	1,474,338
Apr	1,194,559	1,462,053	1,497,877	1,643,974
May	1,517,634	1,461,029	1,690,204	1,523,308
Jun	1,447,697	1,545,111	1,718,771	1,645,836
Jul	1,609,927	1,573,563	1,733,900	1,774,308
Aug	1,753,472	1,725,787	2,110,980	2,094,678
Sep	1,829,434	1,770,441	2,312,329	2,318,202
Oct	1,937,224	1,813,596	2,447,038	2,411,113
Nov	1,788,870	1,680,741	2,420,398	2,291,291
Dec	1,550,797	1,618,853	2,291,167	2,196,574
*Jan-Dec	1,545,996	1,537,787	2,022,246	1,870,459

* Jan – Dec Average

	CPO Local Prices
	2023	2022
Jan	3,924	5,359
Feb	3,909	5,946
Mar	4,161	6,870
Apr	4,227	6,683
May	3,798	6,877
Jun	3,527	6,113
Jul	3,900	4,068
Aug	3,811	4,177
Sep	3,730	3,741
Oct	3,643	3,684
Nov	3,702	4,090
Dec	3,666	3,965
*Jan-Dec	3,817	5,116

* Jan – Dec Average

Note: Average for Peninsular Malaysia

COUNTRY	JAN – DEC 2023	JAN – DEC 2022	CHANGE (MT)	CHANGE (%)
AFGHANISTAN	279,835	218,798	61,037	27.90
ALBANIA	389	814	(425)	(52.24)
ALGERIA	14,129	19,117	(4,988)	(26.09)
AMERICAN SAMOA	-	56	(56)	(100.00)
ANGOLA	47,017	129,858	(82,842)	(63.79)
ANTIGUA	236	201	34	17.00
ARGENTINA	1,961	2,843	(882)	(31.02)
ARMENIA	-	5	(5)	(100.00)
AUSTRALIA	123,946	136,114	(12,167)	(8.94)
AUSTRIA	-	260	(260)	(100.00)
BAHRAIN	7,079	6,315	764	12.09
BANGLADESH	275,376	227,642	47,734	20.97
BARBADOS	1,270	893	377	42.22
BELGIUM	11,549	3,617	7,932	219.33
BELIZE	21	-	21	#DIV/0!
BENIN	136,255	92,577	43,679	47.18
BHUTAN	49	-	49	#DIV/0!
BOSNIA AND HERZEGOVINA	120	44	76	173.06
BRAZIL	6,964	9,383	(2,419)	(25.78)
BRUNEI	9,264	8,069	1,194	14.80
BULGARIA	6,932	1,490	5,442	365.37
BURKINA FASO	1,143	1,354	(211)	(15.55)
CAMBODIA	1,429	1,911	(482)	(25.20)
CAMEROON	13,003	11,086	1,917	17.30
CANADA	13,928	12,637	1,291	10.22
CENTRAL AFRICAN REPUBLIC	599	205	394	192.51
CHAD	192	-	192	#DIV/0!
CHILE	6,582	3,654	2,928	80.14
CHINA	1,466,864	1,763,640	(296,777)	(16.83)
COLOMBIA	-	68	(68)	(100.00)
COMOROS	1,252	2,274	(1,022)	(44.94)
CONGO, DEMOCRATIC REP. OF THE	32,945	35,514	(2,569)	(7.23)
COSTA RICA	68	46	22	48.04
COTE D'IVOIRE	32,410	26,915	5,496	20.42
CROATIA	7,976	10,102	(2,126)	(21.05)
CUBA	200	451	(251)	(55.59)
CZECH	39	95	(56)	(58.86)
DENMARK	36,809	33,838	2,971	8.78
DJIBOUTI	303,384	277,054	26,330	9.50
DOMINICA	4,240	1,199	3,041	253.58
DOMINICAN REPUBLIC	97	-	97	#DIV/0!
ECUADOR	72	4,960	(4,888)	(98.54)
EGYPT	279,841	350,178	(70,337)	(20.09)
ERITREA	3,065	3,913	(848)	(21.67)
ESTONIA	1,072	2,523	(1,451)	(57.51)
ETHIOPIA	6,282	6,913	(631)	(9.21)
FIJI	3,734	3,351	382	11.41
FINLAND	457	-	457	#DIV/0!
FRANCE	456	1,473	(1,016)	(69.02)
FRENCH POLYNESIA	-	40	(40)	(100.00)
GABON	2,638	1,458	1,180	80.90
GAMBIA	19,485	11,603	7,882	67.93
GEORGIA	3,359	1,922	1,437	74.75
GERMANY	46,047	39,932	6,115	15.31
GHANA	83,342	63,255	20,088	31.76
GREECE	8,781	10,799	(2,018)	(18.69)
GRENADA	254	95	159	168.00
GUATEMALA	1,040	1,272	(232)	(18.23)
GUINEA	23,215	35,777	(12,562)	(35.11)
GUYANA	3,607	1,540	2,067	134.25
HAITI	1,593	2,567	(974)	(37.94)
HONG KONG	2,840	2,914	(74)	(2.55)
HUNGARY	1,021	1,296	(275)	(21.21)
INDIA	2,809,956	2,891,422	(81,466)	(2.82)
INDONESIA	9,960	1,785	8,175	457.92
IRAN	243,435	458,770	(215,334)	(46.94)
IRAQ	16,076	37,930	(21,855)	(57.62)
ITALY	214,129	266,770	(52,641)	(19.73)
JAMAICA	1,039	1,163	(124)	(10.64)
JAPAN	549,050	564,082	(15,033)	(2.66)
JORDAN	38,650	35,189	3,461	9.84
KAZAKHSTAN	16,465	23,350	(6,884)	(29.48)
KENYA	915,335	763,060	152,275	19.96
KIRIBATI	-	322	(322)	(100.00)
KUWAIT	28,682	25,020	3,662	14.64
KYRGYZSTAN	813	622	191	30.72
LAOS	-	21	(21)	(100.00)
LATVIA	377	1,504	(1,127)	(74.94)
LEBANON	9,105	6,323	2,782	44.00
LIBERIA	7,925	4,892	3,033	61.99
LIBYA	2,012	941	1,071	113.75
LITHUANIA	443	-	443	#DIV/0!
MACEDONIA	131	275	(145)	(52.62)
MADAGASCAR	97,137	73,567	23,570	32.04
MALDIVES	6,600	7,974	(1,373)	(17.22)
MALI	857	-	857	#DIV/0!
MALTA	142	112	30	26.82
MARSHALL ISLAND	104	102	2	1.96
MAURITANIA	97,558	51,673	45,885	88.80
MAURITIUS	4,227	3,021	1,206	39.92
MAYOTTE	454	40	414	1,029.49
MEXICO	10,245	10,450	(205)	(1.96)
MICRONESIA FEDERATION	137	136	1	0.91
MOLDOVA	-	19	(19)	(100.00)
MONGOLIA	2,068	2,127	(60)	(2.80)
MONTENEGRO	97	289	(192)	(66.34)
MOROCCO	13,128	4,340	8,789	202.52
MOZAMBIQUE	270,084	203,162	66,922	32.94
MYANMAR	56,318	43,420	12,899	29.71
NAMIBIA	-	221	(221)	(100.00)
NAURU	18	-	18	#DIV/0!
NEPAL	6,537	14,367	(7,830)	(54.50)
NETHERLANDS	521,138	818,045	(296,907)	(36.29)
NEW CALEDONIA	65	81	(16)	(20.00)
NEW ZEALAND	18,713	30,275	(11,562)	(38.19)
NIGER	4,701	3,243	1,459	44.98
NIGERIA	304,043	227,035	77,008	33.92
NORTHERN MARIANA ISLANDS	64	21	43	209.87
NORWAY	47	47	-	-
OMAN	38,832	93,786	(54,954)	(58.59)
OTHER COUNTRIES	46,404	19,656	26,748	136.08
PAKISTAN	503,502	569,961	(66,459)	(11.66)
PALAU	-	79	(79)	(100.00)
PALESTINE	450	22	429	1,994.74
PANAMA	2,718	1,067	1,652	154.83
PAPUA N GUINEA	8,236	30,178	(21,942)	(72.71)
PARAGUAY	64	45	20	44.28
PERU	133	493	(359)	(72.95)
PHILIPPINES	441,943	638,718	(196,775)	(30.81)
POLAND	1,312	555	756	136.18
PORTUGAL	465	328	137	41.80
PUERTO RICO	8	25	(16)	(66.36)
QATAR	25,312	31,341	(6,030)	(19.24)
REUNION	122	81	41	50.76
ROMANIA	2,579	3,334	(755)	(22.63)
RUSSIA	4,900	6,157	(1,257)	(20.41)
RWANDA	616	-	616	#DIV/0!
SAINT KITTS AND NEVIS	39	58	(19)	(33.53)
SAMOA	41	895	(854)	(95.44)
SAO TOME & PRINCIPE	402	143	260	182.15
SAUDI ARABIA	361,449	511,754	(150,305)	(29.37)
SENEGAL	128,015	63,610	64,404	101.25
SERBIA	869	579	291	50.22
SEYCHELLES	324	668	(343)	(51.45)
SIERRA LEONE	1,347	1,141	206	18.05
SINGAPORE	205,907	244,765	(38,858)	(15.88)
SLOVAKIA, REP.	-	37	(37)	(100.00)
SLOVENIA	398	168	230	136.91
SOLOMAN ISLAND	328	296	32	10.83
SOMALIA	87,222	63,487	23,736	37.39
SOUTH AFRICA	121,396	121,138	258	0.21
SOUTH KOREA	470,274	417,865	52,409	12.54
SOUTH SUDAN	115	-	115	#DIV/0!
SPAIN	84,902	161,688	(76,786)	(47.49)
SRI LANKA	24,313	20,064	4,249	21.18
ST. LUCIA	71	49	22	44.37
ST. VINCENT AND THE GRENADINES	247	54	193	359.17
SUDAN	2,561	15,250	(12,689)	(83.21)
SURINAME	1,219	229	989	431.20
SWEDEN	115,346	115,093	253	0.22
SWITZERLAND	630	5,302	(4,672)	(88.12)
SYRIA	28,469	41,322	(12,854)	(31.11)
TAIWAN	255,087	223,882	31,204	13.94
TAJIKISTAN	-	433	(433)	(100.00)
TANZANIA	321,438	249,169	72,269	29.00
TIMOR-LESTE	113	1,083	(970)	(89.56)
TOGO	236,275	135,500	100,776	74.37
TONGA	162	118	44	37.19
TRINIDAD AND TOBAGO	11,452	10,507	946	9.00
TUNISIA	628	255	373	145.92
TURKIYE	881,518	824,456	57,062	6.92
TURKMENISTAN	277	455	(178)	(39.02)
TUVALU	-	19	(19)	(100.00)
U.A.E	294,446	342,694	(48,248)	(14.08)
U.S.A	117,523	193,869	(76,345)	(39.38)
UGANDA	483	276	207	74.78
UKRAINE	60	9,266	(9,206)	(99.35)
UNITED KINGDOM	18,705	12,245	6,460	52.76
URUGUAY	1,563	389	1,174	301.43
UZBEKISTAN	35,906	12,404	23,501	189.46
VANUATU	241	398	(156)	(39.34)
VENEZUELA	100	23	76	326.34
VIETNAM	459,229	313,881	145,348	46.31
YEMEN ARAB REP.	133,046	34,074	98,972	290.46
ZAMBIA	-	48	(48)	(100.00)
ZIMBABWE	-	24	(24)	(100.00)
GRAND TOTAL	15,097,552	15,712,071	(614,520)	(3.91)

Source : MPOB
*Disclaimer: This document has been prepared based on information from reliable sources. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

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