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2022
Exports $132MWorld Rnk 17 / 113
Flag Rnk 246 / 1198
2022
Destination $16.8M Philippines
2021 - 2022
FASTEST GROWING MARKET $16.8MPhilippines
2022
PRODUCT COMPLEXITY IN Rapeseed Oil0.26Rnk 466 / 1025
2022
Imports $119MWorld Rnk 21 / 208
Flag Rnk 331 / 1203
2022
Origin $24.8M United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $24.8MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $132M in Rapeseed Oil, making it the 17th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 246th most exported product in Malaysia. The main destination of Rapeseed Oil exports from Malaysia are: Philippines ($38.3M), New Zealand ($31.9M), Australia ($20.2M), Singapore ($16M), and Indonesia ($8.39M).

The fastest growing export markets for Rapeseed Oil of Malaysia between 2021 and 2022 were Philippines ($16.8M), Australia ($6M), and Indonesia ($3.13M).

Imports In 2022, Malaysia imported $119M in Rapeseed Oil, becoming the 21st largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 331st most imported product in Malaysia. Malaysia imports Rapeseed Oil primarily from: United Arab Emirates ($85.8M), Australia ($19.8M), Japan ($6.83M), Singapore ($2.93M), and Sweden ($1.52M).

The fastest growing import markets in Rapeseed Oil for Malaysia between 2021 and 2022 were United Arab Emirates ($24.8M), Japan ($5.71M), and Singapore ($2.91M).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Rapeseed Oil exports accounted up to MYR44.3M and imports accounted up to MYR37.9M, resulting in a positive trade balance of MYR6.39M. Between September 2023 and September 2024 the exports of Malaysia's   Rapeseed Oil have increased by MYR2.71M (6.52%) from MYR41.6M to MYR44.3M, while imports increased by MYR14.1M (59.1%) from MYR23.8M to MYR37.9M.

Destinations In September 2024, Rapeseed Oil were exported mostly to Philippines (MYR14.7M), New Zealand (MYR9.53M), Australia (MYR6.23M), Singapore (MYR5.27M), and Thailand (MYR2.57M), and were imported mostly from United Arab Emirates (MYR31.9M), Ukraine (MYR4.46M), Australia (MYR1.38M), Bangladesh (MYR148k), and India (MYR15.9k).

Growth In September 2024, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR1.47M or 23.2%), Fiji (MYR1.23M or 106%), and Australia (MYR355k or 5.84%). In September 2024, the increase in Rapeseed Oil's year-by-year imports was explained primarily by an increase in imports from Australia (MYR12.6M or 1.21k%), Sweden (MYR2.03M or 233%), and Bangladesh (MYR46.4k or 37.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR2.71M(6.52%)
IMPORT GROWTH (September 2023 - September 2024)MYR14.1M(59.1%)
MAIN DESTINATION (September 2024)PhilippinesMYR14.7M

This section shows Rapeseed Oil'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 Rapeseed Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$119M
NET TRADE (2022)$13.1M

In 2022, Malaysia exported $132M in Rapeseed Oil. The main destinations of Malaysia exports on Rapeseed Oil were Philippines ($38.3M), New Zealand ($31.9M), Australia ($20.2M), Singapore ($16M), and Indonesia ($8.39M).

In 2022, Malaysia imported $119M in Rapeseed Oil, mainly from United Arab Emirates ($85.8M), Australia ($19.8M), Japan ($6.83M), Singapore ($2.93M), and Sweden ($1.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$16.8M (78.1%)
Australia$6M (42.1%)
Indonesia$3.13M (59.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Malaysia WERE (2021 - 2022):
New Zealand-$2.92M (-8.41%)
Fiji-$2.71M (-39.2%)
China-$1.14M (-97.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, Malaysia's main importing competitors in Rapeseed Oil were:
United States $4.01B
China $1.49B
Netherlands $1.38B

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.45M
TOP IMPORT POTENTIALGermany+ $928k

Rapeseed Oil’s highest export potential is Indonesia. With an export gap of $1.45M.   Rapeseed Oil’s highest import potential is Germany with an import gap of $928k.

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