Bangladesh palm oil facilitating trade with responsibility

Bangladesh’s Palm Oil Imports Show a Dramatic Growth

  • Bangladesh palm oil facilitating trade with responsibility
  • Bangladesh palm oil facilitating trade with responsibility
  • Bangladesh palm oil facilitating trade with responsibility
  • Bangladesh palm oil facilitating trade with responsibility

Towards sustainable palm oil production: The positive

Progresses and prospects of palm oil in Bangladesh

Experts see demand for palm oil grow further in Bangladesh

Palm oil demand rises in Bangladesh Tridge

  • How much palm oil does Bangladesh import?
  • Imports In 2021, Bangladesh imported $1.45B in Palm Oil, becoming the 6th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 9th most imported product in Bangladesh. Bangladesh imports Palm Oil primarily from: Indonesia ($1.36B), Malaysia ($75.6M), India ($17.1M), Singapore ($2.48M), and United Arab Emirates ($10.6k).
  • Which country exports palm oil in 2021?
  • Exports In 2021, Bangladesh exported $5.39M in Palm Oil, making it the 63rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 153rd most exported product in Bangladesh. The main destination of Palm Oil exports from Bangladesh are: India ($5.38M), Canada ($722), France ($548), and South Korea ($9).
  • Does palm oil need a sustainability certification?
  • As the crude palm oil (CPO) becomes the largest product been produced and exported in the palm oil industry, it is assumed that the major CPO producers would adhere to the call for sustainability practices by producing certified palm oil. However, the additional cost of acquiring sustainability certification might hinder them from doing so.
  • How does palm oil contribute to economic growth?
  • Palm oil is processed from fresh fruit bunch which turned into CPO, palm kernel oil, and palm crude kernel oil. CPO becomes the largest product been produced and exported in palm oil industry. Thus, CPO significantly contributes toward economic growth of producers’ countries.

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