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2023
Exports $1.59MWorld Rnk 19 / 108
Flag Rnk 900 / 1208
2023
Destination $126k Japan
2022 - 2023
FASTEST GROWING MARKET $126kSingapore
2023
PRODUCT COMPLEXITY IN Ground Nut Oil-2.11Rnk 1006 / 1025
2023
Imports $4.39MWorld Rnk 12 / 183
Flag Rnk 926 / 1211
2023
Origin $156k China
2022 - 2023
FASTEST GROWING ORIGIN $156kChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.59M in Ground Nut Oil, making it the 19th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 900th most exported product in Malaysia. The main destination of Ground Nut Oil exports from Malaysia are: Japan ($810k), Singapore ($284k), New Zealand ($212k), Australia ($149k), and Kuwait ($91.4k).

The fastest growing export markets for Ground Nut Oil of Malaysia between 2022 and 2023 were Singapore ($126k), Kuwait ($90.8k), and United Arab Emirates ($2.37k).

Imports In 2023, Malaysia imported $4.39M in Ground Nut Oil, becoming the 12th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 926th most imported product in Malaysia. Malaysia imports Ground Nut Oil primarily from: China ($3.22M), United States ($802k), Hong Kong ($132k), Belgium ($103k), and India ($78.3k).

The fastest growing import markets in Ground Nut Oil for Malaysia between 2022 and 2023 were China ($156k), India ($48.8k), and Belgium ($45.9k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Ground Nut Oil exports accounted up to MYR888k and imports accounted up to MYR825k, resulting in a positive trade balance of MYR63.2k. Between November 2023 and November 2024 the exports of Malaysia's   Ground Nut Oil have increased by MYR511k (135%) from MYR378k to MYR888k, while imports decreased by MYR-2.59M (-75.8%) from MYR3.42M to MYR825k.

Destinations In November 2024, Ground Nut Oil were exported mostly to Singapore (MYR525k) and Philippines (MYR364k), and were imported mostly from China (MYR589k), United States (MYR233k), India (MYR2.38k), Argentina (MYR578), and Germany (MYR371).

Growth In November 2024, the increase in Ground Nut Oil's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR779k or 162%). In November 2024, the decrease in Ground Nut Oil's year-by-year imports was explained primarily by a decrease in imports from China (MYR-810k or -40.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR511k(135%)
IMPORT GROWTH (November 2023 - November 2024)MYR-2.59M(-75.8%)
MAIN DESTINATION (November 2024)SingaporeMYR525k

This section shows Ground Nut Oil'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 Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.59M
IMPORTS (2023)$4.39M
NET TRADE (2023)-$2.79M

In 2023, Malaysia exported $1.59M in Ground Nut Oil. The main destinations of Malaysia exports on Ground Nut Oil were Japan ($810k), Singapore ($284k), New Zealand ($212k), Australia ($149k), and Kuwait ($91.4k).

In 2023, Malaysia imported $4.39M in Ground Nut Oil, mainly from China ($3.22M), United States ($802k), Hong Kong ($132k), Belgium ($103k), and India ($78.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$126k (79.5%)
Kuwait$90.8k (14.3k%)
United Arab Emirates$2.37k (9.09%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Malaysia WERE (2022 - 2023):
Japan-$208k (-20.4%)
Saudi Arabia-$193k (-100%)
Mauritania-$127k (-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 Ground Nut Oil were:
India $229M
Brazil $192M
Argentina $103M
In 2023, Malaysia's main importing competitors in Ground Nut Oil were:
China $446M
Italy $62.7M
United States $39.6M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $6.34k
TOP IMPORT POTENTIALIndia+ $177k

Ground Nut Oil’s highest export potential is United Arab Emirates. With an export gap of $6.34k.   Ground Nut Oil’s highest import potential is India with an import gap of $177k.

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