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2023
Exports $1.08BWorld Rnk 2 / 155
Flag Rnk 43 / 1208
2023
Destination $150M China
2022 - 2023
FASTEST GROWING MARKET $150MChina
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.29Rnk 898 / 1025
2023
Imports $244MWorld Rnk 2 / 217
Flag Rnk 181 / 1211
2023
Origin $1.03M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $1.03MGermany
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.08B in Other Vegetable Oils, making it the 2nd largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 43rd most exported product in Malaysia. The main destination of Other Vegetable Oils exports from Malaysia are: China ($231M), South Korea ($124M), Egypt ($59.4M), Vietnam ($45.5M), and Iran ($39.5M).

The fastest growing export markets for Other Vegetable Oils of Malaysia between 2022 and 2023 were China ($150M), South Korea ($105M), and Uzbekistan ($13.1M).

Imports In 2023, Malaysia imported $244M in Other Vegetable Oils, becoming the 2nd largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 181st most imported product in Malaysia. Malaysia imports Other Vegetable Oils primarily from: Indonesia ($236M), India ($1.87M), Thailand ($1.66M), Australia ($1.44M), and Germany ($1.18M).

The fastest growing import markets in Other Vegetable Oils for Malaysia between 2022 and 2023 were Germany ($1.03M), Spain ($224k), and Sri Lanka ($186k).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Other Vegetable Oils exports accounted up to MYR896M and imports accounted up to MYR75.8M, resulting in a positive trade balance of MYR821M. Between December 2023 and December 2024 the exports of Malaysia's   Other Vegetable Oils have increased by MYR247M (38%) from MYR649M to MYR896M, while imports increased by MYR5.35M (7.59%) from MYR70.4M to MYR75.8M.

Destinations In December 2024, Other Vegetable Oils were exported mostly to China (MYR177M), United States (MYR74.2M), Egypt (MYR67.1M), Netherlands (MYR66.3M), and Algeria (MYR38.5M), and were imported mostly from Indonesia (MYR69.4M), China (MYR3.12M), India (MYR1.15M), Singapore (MYR502k), and Thailand (MYR481k).

Growth In December 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to China (MYR134M or 312%), Latvia (MYR16M or 4.46k%), and South Africa (MYR10M or 41.1%). In December 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Singapore (MYR671k or 3.26k%), India (MYR61.4k or 6.59%), and Netherlands (MYR31.6k or 9.87k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR247M(38%)
IMPORT GROWTH (December 2023 - December 2024)MYR5.35M(7.59%)
MAIN DESTINATION (December 2024)ChinaMYR177M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.08B
IMPORTS (2023)$244M
NET TRADE (2023)$833M

In 2023, Malaysia exported $1.08B in Other Vegetable Oils. The main destinations of Malaysia exports on Other Vegetable Oils were China ($231M), South Korea ($124M), Egypt ($59.4M), Vietnam ($45.5M), and Iran ($39.5M).

In 2023, Malaysia imported $244M in Other Vegetable Oils, mainly from Indonesia ($236M), India ($1.87M), Thailand ($1.66M), Australia ($1.44M), and Germany ($1.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$150M (185%)
South Korea$105M (567%)
Uzbekistan$13.1M (81.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Malaysia WERE (2022 - 2023):
Sweden-$34M (-99.6%)
Philippines-$33.3M (-51.5%)
Latvia-$26.9M (-99.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Other Vegetable Oils were:
Indonesia $1.42B
Netherlands $354M
In 2023, Malaysia's main importing competitors in Other Vegetable Oils were:
China $947M
Netherlands $213M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $32.8M
TOP IMPORT POTENTIALIndia+ $2.03M

Other Vegetable Oils’s highest export potential is China. With an export gap of $32.8M.   Other Vegetable Oils’s highest import potential is India with an import gap of $2.03M.

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