2022
Exports
$942MWorld Rnk 3 / 141
Flag Rnk 58 / 1198
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$526MWorld Rnk 6 / 186
Flag Rnk 100 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia
1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $942M in Inedible Fats and Oils, making it the 3rd largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 58th most exported product in Malaysia. The main destination of Inedible Fats and Oils exports from Malaysia are: Netherlands ($472M), Singapore ($167M), United Kingdom ($151M), Spain ($69.3M), and Norway ($21.2M).

The fastest growing export markets for Inedible Fats and Oils of Malaysia between 2021 and 2022 were Netherlands ($128M), United Kingdom ($81.7M), and Spain ($38.7M).

Imports In 2022, Malaysia imported $526M in Inedible Fats and Oils, becoming the 6th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 100th most imported product in Malaysia. Malaysia imports Inedible Fats and Oils primarily from: China ($138M), Indonesia ($93.4M), Vietnam ($81.9M), Thailand ($76.1M), and Singapore ($29.5M).

The fastest growing import markets in Inedible Fats and Oils for Malaysia between 2021 and 2022 were China ($59.7M), Vietnam ($41.1M), and Thailand ($23.2M).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR59.1M(17.2%)
IMPORT GROWTH (September 2023 - September 2024)MYR62.8M(99.3%)
MAIN DESTINATION (September 2024)SingaporeMYR153M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$942M
IMPORTS (2022)$526M
NET TRADE (2022)$416M

In 2022, Malaysia exported $942M in Inedible Fats and Oils. The main destinations of Malaysia exports on Inedible Fats and Oils were Netherlands ($472M), Singapore ($167M), United Kingdom ($151M), Spain ($69.3M), and Norway ($21.2M).

In 2022, Malaysia imported $526M in Inedible Fats and Oils, mainly from China ($138M), Indonesia ($93.4M), Vietnam ($81.9M), Thailand ($76.1M), and Singapore ($29.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Netherlands$128M (37%)
United Kingdom$81.7M (118%)
Spain$38.7M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Malaysia WERE (2021 - 2022):
Philippines-$43M (-77%)
Singapore-$11.6M (-6.51%)
Switzerland-$10.7M (-77.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Inedible Fats and Oils were:
In 2022, Malaysia's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $16.3M
TOP IMPORT POTENTIALIndonesia+ $8.74M

Inedible Fats and Oils’s highest export potential is Singapore. With an export gap of $16.3M.   Inedible Fats and Oils’s highest import potential is Indonesia with an import gap of $8.74M.

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