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2022
Exports $113MWorld Rnk 15 / 186
Flag Rnk 266 / 1198
2022
Destination $6.83M Singapore
2021 - 2022
FASTEST GROWING MARKET $6.83MSingapore
2022
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-0.9Rnk 810 / 1025
2022
Imports $96.9MWorld Rnk 18 / 221
Flag Rnk 369 / 1203
2022
Origin $5.25M Ghana
2021 - 2022
FASTEST GROWING ORIGIN $5.25MIndia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $113M in Other Pure Vegetable Oils, making it the 15th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 266th most exported product in Malaysia. The main destination of Other Pure Vegetable Oils exports from Malaysia are: Singapore ($35.5M), Maldives ($10.3M), Australia ($9.22M), Fiji ($7.56M), and China ($7.22M).

The fastest growing export markets for Other Pure Vegetable Oils of Malaysia between 2021 and 2022 were Singapore ($6.83M), Fiji ($3.49M), and Tanzania ($3.45M).

Imports In 2022, Malaysia imported $96.9M in Other Pure Vegetable Oils, becoming the 18th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 369th most imported product in Malaysia. Malaysia imports Other Pure Vegetable Oils primarily from: Ghana ($35.2M), India ($16.7M), South Korea ($5.34M), China ($4.94M), and Burkina Faso ($4.75M).

The fastest growing import markets in Other Pure Vegetable Oils for Malaysia between 2021 and 2022 were India ($5.25M), United States ($3.85M), and Mali ($1.36M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Other Pure Vegetable Oils exports accounted up to MYR12.4M and imports accounted up to MYR58.4M, resulting in a negative trade balance of MYR46.1M. Between August 2023 and August 2024 the exports of Malaysia's   Other Pure Vegetable Oils have decreased by MYR-1.83M (-12.9%) from MYR14.2M to MYR12.4M, while imports increased by MYR35.4M (153%) from MYR23.1M to MYR58.4M.

Destinations In August 2024, Other Pure Vegetable Oils were exported mostly to Philippines (MYR2.77M), Singapore (MYR2.35M), Russia (MYR1.43M), Indonesia (MYR1.36M), and Australia (MYR936k), and were imported mostly from Ghana (MYR30M), India (MYR14.5M), Togo (MYR3.29M), Philippines (MYR2.42M), and Mali (MYR2.01M).

Growth In August 2024, the decrease in Other Pure Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-1.43M or -37.4%), Australia (MYR-319k or -32.2%), and Hong Kong (MYR-308k or -37.3%). In August 2024, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from India (MYR6.13M or 587%), South Korea (MYR2.24M or 148%), and Ghana (MYR2.13M or 18.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-1.83M(-12.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR35.4M(153%)
MAIN DESTINATION (August 2024)PhilippinesMYR2.77M

This section shows Other Pure Vegetable 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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$113M
IMPORTS (2022)$96.9M
NET TRADE (2022)$15.7M

In 2022, Malaysia exported $113M in Other Pure Vegetable Oils. The main destinations of Malaysia exports on Other Pure Vegetable Oils were Singapore ($35.5M), Maldives ($10.3M), Australia ($9.22M), Fiji ($7.56M), and China ($7.22M).

In 2022, Malaysia imported $96.9M in Other Pure Vegetable Oils, mainly from Ghana ($35.2M), India ($16.7M), South Korea ($5.34M), China ($4.94M), and Burkina Faso ($4.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$6.83M (23.8%)
Fiji$3.49M (85.8%)
Tanzania$3.45M (4.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY Malaysia WERE (2021 - 2022):
Gambia-$8.54M (-100%)
India-$761k (-82.4%)
Russia-$581k (-39.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Other Pure Vegetable Oils were:
India $1.28B
United States $905M
Mexico $308M
In 2022, Malaysia's main importing competitors in Other Pure Vegetable Oils were:
United States $868M
China $620M
Kuwait $416M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.61M
TOP IMPORT POTENTIALIndia+ $6.77M

Other Pure Vegetable Oils’s highest export potential is China. With an export gap of $5.61M.   Other Pure Vegetable Oils’s highest import potential is India with an import gap of $6.77M.

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