Coconut Oil Prices in Malaysia
| Variety | Market level | Price (US$/kg) | Local (MYR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 2.24 | 10.18 | ▼ 3.8% | ▼ 18.9% | World Bank Pink Sheet |
| - | Export (unit value) | 2.62 | 11.87 | ▲ 48.7% | ▲ 48.7% | UN Comtrade (unit value) |
As of June 2026, the coconut oil price in Malaysia available is US$ 2.62 per kg (11.87 MYR), up 48.7% year-on-year.
Malaysia is the world's 5th largest exporter of coconut oil, shipping 8,621 tonnes valued at US$15.2 million in 2024, which accounts for 0.8% of global exports. The country produced 56,100 tonnes in 2023, ranking 6th globally and representing 1.8% of world output. The latest export unit value is US$2.6164 per kg. Malaysia is a net exporter of coconut oil.
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Coconut Oil Price History & Trend
Global benchmark (world reference) price for coconut oil, US$ per kg.
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Production, Exports, Imports & HS Codes - coconut oil in Malaysia
Malaysia is the world's 5th largest exporter of coconut oil, shipping 8,621 tonnes valued at US$15.2 million in 2024, which accounts for 0.8% of global exports. The country produced 56,100 tonnes in 2023, ranking 6th globally and representing 1.8% of world output. The latest export unit value is US$2.6164 per kg. Malaysia is a net exporter of coconut oil.
Exports UN Comtrade · 2024
In 2024, Malaysia exported $15.2M (8.6 kt) of coconut oil▼ 55.2% YoY. That ranks #5 worldwide (0.8% of global exports).
Export value by year (US$)
Export volume by year
Top coconut oil exporters worldwide UN Comtrade · 2024
- #1 Philippines $1.24B · 66.4%
- #2 Indonesia $412.5M · 22.1%
- #3 Sri Lanka $65M · 3.5%
- #4 Netherlands $53.6M · 2.9%
- #5 Malaysia $15.2M · 0.8%
Annual export data Malaysia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $15.2M | 8.6 kt | $1.76 |
| 2023 | $33.9M | 31.8 kt | $1.06 |
| 2022 | $22.6M | 13.8 kt | $1.64 |
| 2021 | $36.2M | 24.2 kt | $1.49 |
| 2020 | $43.9M | 45.9 kt | $0.96 |
Production FAOSTAT · 2023
Malaysia produced 56.1 kt of coconut oil in 2023▲ 2.4% YoY. It ranks #6 among producing countries (1.8% of world output).
Production by year (tonnes)
HS Code
coconut oil is traded under Harmonized System code 1513.11. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.