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2022
Exports $4.12MWorld Rnk 42 / 136
Flag Rnk 776 / 1198
2022
Destination $2.66M Indonesia
2021 - 2022
FASTEST GROWING MARKET $2.66MIndonesia
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $5.34MWorld Rnk 35 / 193
Flag Rnk 928 / 1203
2022
Origin $227k Thailand
2021 - 2022
FASTEST GROWING ORIGIN $227kChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.12M in Molasses, making it the 42nd largest exporter of Molasses in the world. At the same year, Molasses was the 776th most exported product in Malaysia. The main destination of Molasses exports from Malaysia are: Indonesia ($3.39M), Singapore ($299k), Vietnam ($177k), Hong Kong ($117k), and Thailand ($47.2k).

The fastest growing export markets for Molasses of Malaysia between 2021 and 2022 were Indonesia ($2.66M), Vietnam ($169k), and Singapore ($25.4k).

Imports In 2022, Malaysia imported $5.34M in Molasses, becoming the 35th largest importer of Molasses in the world. At the same year, Molasses was the 928th most imported product in Malaysia. Malaysia imports Molasses primarily from: Thailand ($2.22M), India ($1.05M), Egypt ($962k), China ($382k), and Indonesia ($148k).

The fastest growing import markets in Molasses for Malaysia between 2021 and 2022 were China ($227k), Thailand ($206k), and Jordan ($106k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Molasses exports accounted up to MYR1.52M and imports accounted up to MYR4.49M, resulting in a negative trade balance of MYR2.97M. Between August 2023 and August 2024 the exports of Malaysia's   Molasses have decreased by MYR-1.42M (-48.4%) from MYR2.94M to MYR1.52M, while imports decreased by MYR-72.3k (-1.59%) from MYR4.56M to MYR4.49M.

Destinations In August 2024, Molasses were exported mostly to Philippines (MYR840k), Hong Kong (MYR219k), Singapore (MYR193k), Vietnam (MYR159k), and Indonesia (MYR95.8k), and were imported mostly from India (MYR2.86M), Thailand (MYR1.43M), China (MYR136k), Singapore (MYR49.5k), and Australia (MYR11.3k).

Growth In August 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 August 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 (August 2023 - August 2024)MYR-1.42M(-48.4%)
IMPORT GROWTH (August 2023 - August 2024)MYR-72.3k(-1.59%)
MAIN DESTINATION (August 2024)PhilippinesMYR840k

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 (2022)$4.12M
IMPORTS (2022)$5.34M
NET TRADE (2022)-$1.22M

In 2022, Malaysia exported $4.12M in Molasses. The main destinations of Malaysia exports on Molasses were Indonesia ($3.39M), Singapore ($299k), Vietnam ($177k), Hong Kong ($117k), and Thailand ($47.2k).

In 2022, Malaysia imported $5.34M in Molasses, mainly from Thailand ($2.22M), India ($1.05M), Egypt ($962k), China ($382k), and Indonesia ($148k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$2.66M (366%)
Vietnam$169k (2.38k%)
Singapore$25.4k (9.29%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Malaysia WERE (2021 - 2022):
Hong Kong-$209k (-64.2%)
New Zealand-$80.5k (-100%)
United Kingdom-$78.8k (-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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Malaysia's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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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.

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