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2023
Exports $37MWorld Rnk 20 / 134
Flag Rnk 405 / 1208
2023
Destination $1.62M Singapore
2022 - 2023
FASTEST GROWING MARKET $1.62MEstonia
2023
PRODUCT COMPLEXITY IN Cocoa Beans-2.94Rnk 1025 / 1025
2023
Imports $1.42BWorld Rnk 2 / 159
Flag Rnk 26 / 1211
2023
Origin $133M Cote d'Ivoire
2022 - 2023
FASTEST GROWING ORIGIN $133MNigeria
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $37M in Cocoa Beans, making it the 20th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 405th most exported product in Malaysia. The main destination of Cocoa Beans exports from Malaysia are: Singapore ($18.3M), Indonesia ($12.5M), South Korea ($3.88M), Estonia ($1.62M), and Ecuador ($309k).

The fastest growing export markets for Cocoa Beans of Malaysia between 2022 and 2023 were Estonia ($1.62M), Singapore ($392k), and Ecuador ($309k).

Imports In 2023, Malaysia imported $1.42B in Cocoa Beans, becoming the 2nd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 26th most imported product in Malaysia. Malaysia imports Cocoa Beans primarily from: Cote d'Ivoire ($409M), Ecuador ($302M), Nigeria ($222M), Ghana ($112M), and Peru ($69.1M).

The fastest growing import markets in Cocoa Beans for Malaysia between 2022 and 2023 were Nigeria ($133M), Ecuador ($126M), and Peru ($54.7M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Cocoa Beans exports accounted up to MYR297M and imports accounted up to MYR1.23B, resulting in a negative trade balance of MYR935M. Between November 2023 and November 2024 the exports of Malaysia's   Cocoa Beans have increased by MYR173M (141%) from MYR123M to MYR297M, while imports increased by MYR625M (103%) from MYR607M to MYR1.23B.

Destinations In November 2024, Cocoa Beans were exported mostly to N/A, and were imported mostly from Cote d'Ivoire (MYR219M), Nigeria (MYR181M), Peru (MYR181M), Guinea (MYR103M), and Uganda (MYR85.9M).

Growth In November 2024, the increase in Cocoa Beans's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from Ecuador (MYR46.7M or 72.8%), Peru (MYR23.8M or 2.23k%), and Papua New Guinea (MYR10.7M or 334%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR173M(141%)
IMPORT GROWTH (November 2023 - November 2024)MYR625M(103%)

This section shows Cocoa Beans'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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$37M
IMPORTS (2023)$1.42B
NET TRADE (2023)-$1.38B

In 2023, Malaysia exported $37M in Cocoa Beans. The main destinations of Malaysia exports on Cocoa Beans were Singapore ($18.3M), Indonesia ($12.5M), South Korea ($3.88M), Estonia ($1.62M), and Ecuador ($309k).

In 2023, Malaysia imported $1.42B in Cocoa Beans, mainly from Cote d'Ivoire ($409M), Ecuador ($302M), Nigeria ($222M), Ghana ($112M), and Peru ($69.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Estonia$1.62M (162M%)
Singapore$392k (2.18%)
Ecuador$309k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Malaysia WERE (2022 - 2023):
Indonesia-$7.38M (-37.2%)
South Korea-$2.21M (-36.3%)
United States-$432k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.68B
Ecuador $1.14B
Ghana $1.09B
In 2023, Malaysia's main importing competitors in Cocoa Beans were:
Netherlands $2.21B
Germany $867M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $8.36M
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $5.17M

Cocoa Beans’s highest export potential is Indonesia. With an export gap of $8.36M.   Cocoa Beans’s highest import potential is Democratic Republic of the Congo with an import gap of $5.17M.

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