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2022
Exports $75.1MWorld Rnk 2 / 95
Flag Rnk 314 / 1198
2022
Destination $45.3M Spain
2021 - 2022
FASTEST GROWING MARKET $45.3MSpain
2022
Imports $3.99MWorld Rnk 14 / 112
Flag Rnk 972 / 1203
2022
Origin $2.93M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $2.93MIndonesia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $75.1M in Fat and Oil Residues, making it the 2nd largest exporter of Fat and Oil Residues in the world. At the same year, Fat and Oil Residues was the 314th most exported product in Malaysia. The main destination of Fat and Oil Residues exports from Malaysia are: Spain ($45.4M), Italy ($9.79M), United Kingdom ($6.9M), Sri Lanka ($2.67M), and Netherlands ($2.59M).

The fastest growing export markets for Fat and Oil Residues of Malaysia between 2021 and 2022 were Spain ($45.3M), United Kingdom ($6.9M), and Italy ($3.66M).

Imports In 2022, Malaysia imported $3.99M in Fat and Oil Residues, becoming the 14th largest importer of Fat and Oil Residues in the world. At the same year, Fat and Oil Residues was the 972nd most imported product in Malaysia. Malaysia imports Fat and Oil Residues primarily from: Indonesia ($3.49M), Thailand ($502k), Singapore ($26), and Turkey ($18).

The fastest growing import markets in Fat and Oil Residues for Malaysia between 2021 and 2022 were Indonesia ($2.93M), Thailand ($87.8k), and Singapore ($22).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Fat and Oil Residues exports accounted up to MYR1.09M and imports accounted up to MYR6.37M, resulting in a negative trade balance of MYR5.28M. Between August 2023 and August 2024 the exports of Malaysia's   Fat and Oil Residues have decreased by MYR-358k (-24.7%) from MYR1.45M to MYR1.09M, while imports increased by MYR6.08M (2.11k%) from MYR289k to MYR6.37M.

Destinations In August 2024, Fat and Oil Residues were exported mostly to Sri Lanka (MYR937k), South Korea (MYR88.5k), Netherlands (MYR40.5k), India (MYR21k), and Chinese Taipei (MYR3.7k), and were imported mostly from Indonesia (MYR6.37M).

Growth In August 2024, the decrease in Fat and Oil Residues's year-by-year exports was explained primarily by a decrease in exports to Sri Lanka (MYR-2.51M or -87.8%). In August 2024, the increase in Fat and Oil Residues's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-358k(-24.7%)
IMPORT GROWTH (December 2022 - August 2024)MYR6.08M(2.11k%)
MAIN DESTINATION (August 2024)Sri LankaMYR937k

This section shows Fat and Oil Residues'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 Fat and Oil Residues over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$75.1M
IMPORTS (2022)$3.99M
NET TRADE (2022)$71.1M

In 2022, Malaysia exported $75.1M in Fat and Oil Residues. The main destinations of Malaysia exports on Fat and Oil Residues were Spain ($45.4M), Italy ($9.79M), United Kingdom ($6.9M), Sri Lanka ($2.67M), and Netherlands ($2.59M).

In 2022, Malaysia imported $3.99M in Fat and Oil Residues, mainly from Indonesia ($3.49M), Thailand ($502k), Singapore ($26), and Turkey ($18).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fat and Oil Residues EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Spain$45.3M (52k%)
United Kingdom$6.9M (1%)
Italy$3.66M (59.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fat and Oil Residues BY Malaysia WERE (2021 - 2022):
Sri Lanka-$3.13M (-53.9%)
Kenya-$575k (-100%)
Ecuador-$181k (-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 Fat and Oil Residues were:
Indonesia $153M
Spain $33M
In 2022, Malaysia's main importing competitors in Fat and Oil Residues were:
Spain $180M
Italy $46.7M
Netherlands $43.3M

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Trade Value of Fat and Oil Residues by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $237k
TOP IMPORT POTENTIALIndonesia+ $688k

Fat and Oil Residues’s highest export potential is Indonesia. With an export gap of $237k.   Fat and Oil Residues’s highest import potential is Indonesia with an import gap of $688k.

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