Animal or vegetable fats, oils, & waxes in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $27.9B in Animal or vegetable fats, oils, & waxes, making it the 2nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 4th most exported product in Malaysia. The main destination of Animal or vegetable fats, oils, & waxes exports from Malaysia are: India ($4.05B), China ($2.45B), Netherlands ($2.05B), Turkey ($1.23B), and Singapore ($1.05B).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Malaysia between 2021 and 2022 were Japan ($374M), China ($332M), and Saudi Arabia ($317M).

Imports In 2022, Malaysia imported $5.16B in Animal or vegetable fats, oils, & waxes, becoming the 8th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 9th most imported product in Malaysia. Malaysia imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($3.18B), Thailand ($302M), China ($222M), Philippines ($214M), and India ($163M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Malaysia between 2021 and 2022 were Indonesia ($514M), India ($115M), and China ($101M).

COMPANIES In 2023, leading companies such as Walong Marketing (6), Tesla (3), and Wismettac Asian Foods (1) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Malaysia to the United States.

Latest Trends

June 2024

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Overview In June 2024 Malaysia's Animal or vegetable fats, oils, & waxes exports accounted up to MYR6.11B and imports accounted up to MYR849M, resulting in a positive trade balance of MYR5.26B. Between June 2023 and June 2024 the exports of Malaysia's Animal or vegetable fats, oils, & waxes have increased by MYR192M (3.24%) from MYR5.92B to MYR6.11B, while imports decreased by MYR-300M (-26.1%) from MYR1.15B to MYR849M.

Destinations In June 2024, Animal or vegetable fats, oils, & waxes were exported mostly to India (MYR1.01B), China (MYR505M), Netherlands (MYR414M), Singapore (MYR299M), and Japan (MYR254M), and were imported mostly from Indonesia (MYR192M), China (MYR144M), Thailand (MYR74.4M), Brazil (MYR68.4M), and Vietnam (MYR41.3M).

Growth In June 2024, the increase in Animal or vegetable fats, oils, & waxes's year-by-year exports was explained primarily by an increase in exports to Iran (MYR224M or 1.37k%), Djibouti (MYR177M or 295%), and United States (MYR118M or 264%). In June 2024, the decrease in Animal or vegetable fats, oils, & waxes's year-by-year imports was explained primarily by a decrease in imports from Papua New Guinea (MYR-129M or -71.6%), Thailand (MYR-72.3M or -73.1%), and United States (MYR-37.3M or -95.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR192M(3.24%)

IMPORT GROWTH (June 2023 - June 2024)MYR-300M(-26.1%)

MAIN DESTINATION (June 2024)IndiaMYR1.01B

This section shows Animal or vegetable fats, oils, & waxes'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 or vegetable fats, oils, & waxes over time.

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