Other Vegetable Oils in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $1.66B in Other Vegetable Oils, making it the 1st largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 30th most exported product in Malaysia. The main destination of Other Vegetable Oils exports from Malaysia are: Netherlands ($154M), Turkey ($138M), Egypt ($87.7M), Vietnam ($84.4M), and China ($80.8M).

The fastest growing export markets for Other Vegetable Oils of Malaysia between 2021 and 2022 were Philippines ($43.4M), Netherlands ($26.6M), and Latvia ($24.5M).

Imports In 2022, Malaysia imported $271M in Other Vegetable Oils, becoming the 4th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 176th most imported product in Malaysia. Malaysia imports Other Vegetable Oils primarily from: Indonesia ($259M), Australia ($2.38M), Thailand ($1.89M), India ($1.75M), and Singapore ($1.34M).

The fastest growing import markets in Other Vegetable Oils for Malaysia between 2021 and 2022 were Singapore ($741k), Vietnam ($649k), and New Zealand ($604k).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Other Vegetable Oils from Malaysia to the United States.

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Other Vegetable Oils exports accounted up to MYR684M and imports accounted up to MYR52.7M, resulting in a positive trade balance of MYR631M. Between September 2019 and September 2020 the exports of Malaysia's Other Vegetable Oils have increased by MYR170M (33.2%) from MYR513M to MYR684M, while imports increased by MYR41.9M (388%) from MYR10.8M to MYR52.7M.

Destinations In September 2020, Other Vegetable Oils were exported mostly to China (MYR250M), Turkey (MYR70M), Netherlands (MYR46M), Spain (MYR40.8M), and United States (MYR35.6M), and were imported mostly from China (MYR32.5M), Indonesia (MYR18.2M), India (MYR483k), Sweden (MYR401k), and Thailand (MYR344k).

Growth In September 2020, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to China (MYR29.7M or 25%), Spain (MYR8.37M or 6.29k%), and Russia (MYR7.82M or 131%). In September 2020, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR12.7M or 23.2%), Denmark (MYR132k or 231%), and Germany (MYR43.3k or 807%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR170M(33.2%)

IMPORT GROWTH (September 2019 - September 2020)MYR41.9M(388%)

MAIN DESTINATION (September 2020)ChinaMYR250M

This section shows Other 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 Vegetable Oils over time.

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