Vegetable oil production over the last one decade had made tremendous improvement and the soya bean oil, which was always in the first place in terms of production, has come to second position, since Palm Oil production exceeded soya and occupied the first position. As of 2016, Palm Oil production was 61.720 million MT and that of soya bean oil was 52.010 million MT. Similarly, Palm Kernel Oil also increased to 7.820 million MT for the same period. It was higher than coconut oil which has the highest content of lauric oil. The higher productivity of Palm Oil and Palm Kernel Oil, coupled with area expansion, had contributed to the success of Oil Palm. The world production of 17 oils and fats up to 2016 showed that the production during 2016 had increased to 178.690 million MT.
The export of Palm Oil over a period of one decade had increased from 10.838 million MT in 1998 to 46.50 million MT in 2016. This was unique in terms of quantity which no other oil has enjoyed. Out of the total vegetable oil export, 46.50 million MT Palm Oil alone had shared 61.03%.