Exports In 2021, Egypt exported $38.9M in Palm Oil, making it the 38th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 162nd most exported product in Egypt. The main destination of Palm Oil exports from Egypt are: Syria ($12M), Jordan ($8.83M), Lebanon ($8.27M), Sudan ($1.62M), and Palestine ($1.57M).
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 many tonnes of palm oil are there in the world?
Global production increased ten-fold since the 1960s – from 17 to 170 million tonnes in 2014. As we will see later in this article, more recent data for 2018 comes to 218 million tonnes. The story of palm oil is less about it as an isolated commodity, but more about the story of the rising demand for vegetable oils.
How has palm oil changed over the past 50 years?
Palm oil production has increased rapidly over the past 50 years. In 1970, the world was producing only 2 million tonnes. This is now 35 times higher: in 2018 the world produced 71 million tonnes. The change in global production is shown in the chart. 3 The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly.