Egypt imports Palm Oil primarily from: Indonesia ($1.04B), Malaysia ($196M), Sweden ($1.09M), China ($406k), and Brazil ($59.9k). The fastest growing import markets in Palm Oil for Egypt between 2020 and 2021 were Indonesia ($402M), Malaysia ($106M), and China ($278k).
Which oil is imported by Egypt?
It is clear that palm oil is the major oil imported by Egypt whereby it represents about 60% of total imported oils in 2018 while the quantity imported from corn oil is the least being about 3% in the same year. Palm oil is imported from Indonesia and Malaysia after being refined, bleached and deodorized (RBD).
How much palm oil does Egypt export in 2021?
In 2021, Egypt exported $38.9M in Palm Oil. The main destinations of Egypt exports on Palm Oil were Syria ($12M), Jordan ($8.83M), Lebanon ($8.27M), Sudan ($1.62M), and Palestine ($1.57M). In 2021, Egypt imported $1.24B in Palm Oil, mainly from Indonesia ($1.04B), Malaysia ($196M), Sweden ($1.09M), China ($406k), and Brazil ($59.9k).
What is oil palm oil?
Palm oil is an edible vegetable oil that comes from the fruitlets of oil palm plants (Elaeis guineensis). In fact, the oil palm produces two kinds of oil – Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO). When the flesh of the fruitlet, or mesocarp, is pressed, we get CPO.
Where did oil palm come from?
Oil palm originated in West Africa. Discovered in Egyptian tombs, evidence of oil palm use dates back 5,000 years . Palm oil was highly esteemed, so much so that people were laid to rest with casks of this precious substance.
Which countries grow palm oil?
These palms flourish in tropical climates, which is why countries like Indonesia, Malaysia, Colombia, and Nigeria are prime locations for their cultivation. In fact, about 85% of the world’s palm oil is produced in Malaysia and Indonesia, making them the largest producers of this essential commodity.