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2023
Exports $7.96MWorld Rnk 32 / 139
Flag Rnk 658 / 1208
2023
Destination $1.74M Indonesia
2022 - 2023
FASTEST GROWING MARKET $1.74MThailand
2023
PRODUCT COMPLEXITY IN Molasses-1.73Rnk 974 / 1025
2023
Imports $10.2MWorld Rnk 28 / 187
Flag Rnk 806 / 1211
2023
Origin $727k India
2022 - 2023
FASTEST GROWING ORIGIN $727kEgypt
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $7.96M in Molasses, making it the 32nd largest exporter of Molasses in the world. At the same year, Molasses was the 658th most exported product in Malaysia. The main destination of Molasses exports from Malaysia are: Indonesia ($3.18M), Thailand ($1.79M), Vietnam ($956k), Philippines ($688k), and United Arab Emirates ($400k).

The fastest growing export markets for Molasses of Malaysia between 2022 and 2023 were Thailand ($1.74M), Vietnam ($823k), and Philippines ($683k).

Imports In 2023, Malaysia imported $10.2M in Molasses, becoming the 28th largest importer of Molasses in the world. At the same year, Molasses was the 806th most imported product in Malaysia. Malaysia imports Molasses primarily from: India ($4.75M), Thailand ($3.26M), Egypt ($1.72M), China ($133k), and Jordan ($117k).

The fastest growing import markets in Molasses for Malaysia between 2022 and 2023 were Egypt ($727k), India ($445k), and Turkey ($5.85k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Molasses exports accounted up to MYR1.04M and imports accounted up to MYR2.96M, resulting in a negative trade balance of MYR1.92M. Between November 2023 and November 2024 the exports of Malaysia's   Molasses have decreased by MYR-1.07M (-50.7%) from MYR2.1M to MYR1.04M, while imports decreased by MYR-850k (-22.3%) from MYR3.81M to MYR2.96M.

Destinations In November 2024, Molasses were exported mostly to Philippines (MYR802k), Hong Kong (MYR135k), Singapore (MYR82.7k), Maldives (MYR8.81k), and Thailand (MYR6.52k), and were imported mostly from India (MYR1.41M), Thailand (MYR1.21M), Burma (MYR148k), Indonesia (MYR129k), and Chinese Taipei (MYR35.9k).

Growth In November 2024, the decrease in Molasses's year-by-year exports was explained primarily by a decrease in exports to Indonesia (MYR-88.6k or -13.2%). In November 2024, the decrease in Molasses's year-by-year imports was explained primarily by a decrease in imports from Thailand (MYR-1.99M or -66.8%) and India (MYR-234k or -24%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-1.07M(-50.7%)
IMPORT GROWTH (November 2023 - November 2024)MYR-850k(-22.3%)
MAIN DESTINATION (November 2024)PhilippinesMYR802k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.96M
IMPORTS (2023)$10.2M
NET TRADE (2023)-$2.24M

In 2023, Malaysia exported $7.96M in Molasses. The main destinations of Malaysia exports on Molasses were Indonesia ($3.18M), Thailand ($1.79M), Vietnam ($956k), Philippines ($688k), and United Arab Emirates ($400k).

In 2023, Malaysia imported $10.2M in Molasses, mainly from India ($4.75M), Thailand ($3.26M), Egypt ($1.72M), China ($133k), and Jordan ($117k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Thailand$1.74M (3.7k%)
Vietnam$823k (616%)
Philippines$683k (14k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Malaysia WERE (2022 - 2023):
Indonesia-$1.24M (-28%)
Hong Kong-$125k (-43.6%)
Singapore-$31.8k (-10.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Molasses were:
India $295M
Indonesia $168M
Poland $85.5M
In 2023, Malaysia's main importing competitors in Molasses were:
United States $263M
Philippines $161M
United Kingdom $161M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $129k
TOP IMPORT POTENTIALIndia+ $678k

Molasses’s highest export potential is Vietnam. With an export gap of $129k.   Molasses’s highest import potential is India with an import gap of $678k.

See methodology.

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