Inedible Fats and Oils in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $942M in Inedible Fats and Oils, making it the 3rd largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 58th most exported product in Malaysia. The main destination of Inedible Fats and Oils exports from Malaysia are: Netherlands ($472M), Singapore ($167M), United Kingdom ($151M), Spain ($69.3M), and Norway ($21.2M).

The fastest growing export markets for Inedible Fats and Oils of Malaysia between 2021 and 2022 were Netherlands ($128M), United Kingdom ($81.7M), and Spain ($38.7M).

Imports In 2022, Malaysia imported $526M in Inedible Fats and Oils, becoming the 6th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 100th most imported product in Malaysia. Malaysia imports Inedible Fats and Oils primarily from: China ($138M), Indonesia ($93.4M), Vietnam ($81.9M), Thailand ($76.1M), and Singapore ($29.5M).

The fastest growing import markets in Inedible Fats and Oils for Malaysia between 2021 and 2022 were China ($59.7M), Vietnam ($41.1M), and Thailand ($23.2M).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Inedible Fats and Oils from Malaysia to the United States.

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Inedible Fats and Oils exports accounted up to MYR137M and imports accounted up to MYR109M, resulting in a positive trade balance of MYR27.6M. Between September 2019 and September 2020 the exports of Malaysia's Inedible Fats and Oils have increased by MYR90M (192%) from MYR46.9M to MYR137M, while imports increased by MYR51.1M (87.7%) from MYR58.3M to MYR109M.

Destinations In September 2020, Inedible Fats and Oils were exported mostly to Singapore (MYR70.6M), Netherlands (MYR33.5M), Romania (MYR17.3M), Bulgaria (MYR6.62M), and China (MYR4.03M), and were imported mostly from China (MYR59.1M), Indonesia (MYR24.1M), Vietnam (MYR12.2M), Singapore (MYR3.36M), and South Korea (MYR1.9M).

Growth In September 2020, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR33.9M or 214%), Netherlands (MYR4.69M or 145%), and United Kingdom (MYR1.53M or 857%). In September 2020, the increase in Inedible Fats and Oils's year-by-year imports was explained primarily by an increase in imports from China (MYR5.09M or 240%), Indonesia (MYR1.06M or 292%), and Vietnam (MYR1.05M or 121%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR90M(192%)

IMPORT GROWTH (September 2019 - September 2020)MYR51.1M(87.7%)

MAIN DESTINATION (September 2020)SingaporeMYR70.6M

This section shows Inedible Fats and Oils's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Inedible Fats and Oils over time.

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