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2022
Exports $637kWorld Rnk 37 / 71
Flag Rnk 987 / 1198
falsefalse Hong Kong
2021 - 2022
FASTEST GROWING MARKETfalseHong Kong
2022
PRODUCT COMPLEXITY IN Animal Fat0.41Rnk 403 / 1025
2022
Imports $3.02MWorld Rnk 45 / 154
Flag Rnk 997 / 1203
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $637k in Animal Fat, making it the 37th largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 987th most exported product in Malaysia. The main destination of Animal Fat exports from Malaysia are: Hong Kong ($579k), Netherlands ($54.5k), and Philippines ($3.03k).

The fastest growing export markets for Animal Fat of Malaysia between 2021 and 2022 were Hong Kong ($579k), Netherlands ($54.5k), and Philippines ($3.03k).

Imports In 2022, Malaysia imported $3.02M in Animal Fat, becoming the 45th largest importer of Animal Fat in the world. At the same year, Animal Fat was the 997th most imported product in Malaysia. Malaysia imports Animal Fat primarily from: Spain ($1.78M), Denmark ($640k), Netherlands ($152k), Singapore ($98.5k), and Thailand ($94.1k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Animal Fat exports accounted up to MYR57.9k and imports accounted up to MYR2.37M, resulting in a negative trade balance of MYR2.31M. Between May 2023 and August 2024 the exports of Malaysia's   Animal Fat have decreased by MYR-472k (-89.1%) from MYR530k to MYR57.9k, while imports increased by MYR1.72M (263%) from MYR652k to MYR2.37M.

Destinations In August 2024, Animal Fat were exported mostly to Hong Kong (MYR42.4k) and Macau (MYR15.6k), and were imported mostly from Spain (MYR956k), Canada (MYR773k), Thailand (MYR443k), and Belgium (MYR196k).

Growth In August 2024, the decrease in Animal Fat's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Animal Fat's year-by-year imports was explained primarily by an increase in imports from Spain (MYR309k or 497%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - August 2024)MYR-472k(-89.1%)
IMPORT GROWTH (August 2023 - August 2024)MYR1.72M(263%)
MAIN DESTINATION (August 2024)Hong KongMYR42.4k

This section shows Animal Fat'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 Animal Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$637k
IMPORTS (2022)$3.02M
NET TRADE (2022)-$2.38M

In 2022, Malaysia exported $637k in Animal Fat. The main destinations of Malaysia exports on Animal Fat were Hong Kong ($579k), Netherlands ($54.5k), and Philippines ($3.03k).

In 2022, Malaysia imported $3.02M in Animal Fat, mainly from Spain ($1.78M), Denmark ($640k), Netherlands ($152k), Singapore ($98.5k), and Thailand ($94.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Hong Kong$579k (1%)
Netherlands$54.5k (1%)
Philippines$3.03k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Malaysia WERE (2021 - 2022):
Thailand-$42.7k (-100%)
Singapore-$3.15k (-100%)
Denmark-$2.97k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Animal Fat were:
Spain $162M
Germany $140M
Canada $92.6M
In 2022, Malaysia's main importing competitors in Animal Fat were:
Philippines $76.1M
Japan $59.2M
Belgium $51.3M

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $22.8k
TOP IMPORT POTENTIALCanada+ $55.7k

Animal Fat’s highest export potential is Netherlands. With an export gap of $22.8k.   Animal Fat’s highest import potential is Canada with an import gap of $55.7k.

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