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2023
Exports $7.77BWorld Rnk 25 / 226
Flag Rnk 8 / 21
2023
Destination $50.4M Singapore
2022 - 2023
FASTEST GROWING MARKET $50.4MSenegal
2023
PRODUCT COMPLEXITY IN Foodstuffs0.5Rnk 372 / 1025
2023
Imports $8.66BWorld Rnk 23 / 226
Flag Rnk 7 / 21
2023
Origin $253M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $253MBrazil
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $7.77B in Foodstuffs, making it the 25th largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 8th most exported product in Malaysia. The main destination of Foodstuffs exports from Malaysia are: Singapore ($1.17B), China ($695M), Indonesia ($472M), United States ($466M), and Japan ($445M).

The fastest growing export markets for Foodstuffs of Malaysia between 2022 and 2023 were Senegal ($50.4M), Japan ($33.5M), and Turkey ($27.8M).

Imports In 2023, Malaysia imported $8.66B in Foodstuffs, becoming the 23rd largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 7th most imported product in Malaysia. Malaysia imports Foodstuffs primarily from: Thailand ($1.03B), China ($1.01B), Brazil ($691M), Indonesia ($676M), and Singapore ($675M).

The fastest growing import markets in Foodstuffs for Malaysia between 2022 and 2023 were Brazil ($253M), Nigeria ($133M), and Ecuador ($125M).

COMPANIES In 2023, leading companies such as Barry Callebaut (162), Walong Marketing (44), and Halyard Health (16) were at the forefront of shipping Foodstuffs from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Foodstuffs exports accounted up to MYR3.76B and imports accounted up to MYR4.29B, resulting in a negative trade balance of MYR526M. Between November 2023 and November 2024 the exports of Malaysia's   Foodstuffs have increased by MYR345M (10.1%) from MYR3.41B to MYR3.76B, while imports increased by MYR900M (26.6%) from MYR3.39B to MYR4.29B.

Destinations In November 2024, Foodstuffs were exported mostly to Singapore (MYR775M), China (MYR304M), United States (MYR287M), Thailand (MYR233M), and Indonesia (MYR212M), and were imported mostly from Brazil (MYR585M), China (MYR370M), Indonesia (MYR353M), Thailand (MYR299M), and Argentina (MYR236M).

Growth In November 2024, the increase in Foodstuffs's year-by-year exports was explained primarily by an increase in exports to United States (MYR28.1M or 31.5%), China (MYR24.5M or 21%), and Iran (MYR22.3M or 1.54k%). In November 2024, the increase in Foodstuffs's year-by-year imports was explained primarily by an increase in imports from South Africa (MYR111M or 4.36k%), Brazil (MYR58M or 88.9%), and Ecuador (MYR46M or 70.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR345M(10.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR900M(26.6%)
MAIN DESTINATION (November 2024)SingaporeMYR775M

This section shows Foodstuffs'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 Foodstuffs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.77B
IMPORTS (2023)$8.66B
NET TRADE (2023)-$886M

In 2023, Malaysia exported $7.77B in Foodstuffs. The main destinations of Malaysia exports on Foodstuffs were Singapore ($1.17B), China ($695M), Indonesia ($472M), United States ($466M), and Japan ($445M).

In 2023, Malaysia imported $8.66B in Foodstuffs, mainly from Thailand ($1.03B), China ($1.01B), Brazil ($691M), Indonesia ($676M), and Singapore ($675M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Senegal$50.4M (382%)
Japan$33.5M (8.14%)
Turkey$27.8M (30.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Malaysia WERE (2022 - 2023):
Vietnam-$119M (-31.6%)
South Korea-$93.3M (-28.8%)
Indonesia-$56.1M (-10.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Foodstuffs were:
United States $57.7B
Germany $54.7B
France $48.2B
In 2023, Malaysia's main importing competitors in Foodstuffs were:
United States $98.4B
Germany $49.9B
United Kingdom $42.6B

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $235M
TOP IMPORT POTENTIALThailand+ $172M

Foodstuffs’s highest export potential is China. With an export gap of $235M.   Foodstuffs’s highest import potential is Thailand with an import gap of $172M.

See methodology.

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