· some popular varieties of coconut trees include panama tall and fiji dwarf which belong to dwarf coconut palms. Palm trees represent a large family with many species, not many of which produce coconuts. · hundreds of palm trees grow along tropical coastlines around the world, but only one species produces the unique fruit called coconut. Check out this guide to learn the differences between a coconut tree and a palm tree , as well as what makes them similar. Coconut palms are found in tropical coastal areas nearly worldwide and are the most economically important palm species. · the coconut palm, a familiar sight on tropical coastlines, often presents a source of classification confusion for the general public. While many people intuitively link the tree to the general category of “palm,” the exact botanical relationship is frequently misunderstood. The coconut palm tree provides folk medicine, cosmetics, fuel, food, and building materials, among many other uses. · while both the coconut tree and palm tree belong to the same arecaceae family, coconut trees are a type of palm tree and their ability to grow coconuts sets them apart. Often called the “tree of life,” the coconut palm (cocos nucifera) is the quintessential beach tree—sleek trunk, feathered fronds, and fruit that feeds, hydrates, and shelters millions. · coconut palm is a species of palm cultivated extensively in tropical areas for its edible fruit, the coconut.