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2022
Exports $307MWorld Rnk 11 / 135
Flag Rnk 139 / 1198
2022
Destination $16.9M Angola
2021 - 2022
FASTEST GROWING MARKET $16.9MPhilippines
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $142MWorld Rnk 33 / 215
Flag Rnk 287 / 1203
2022
Origin $25.8M China
2021 - 2022
FASTEST GROWING ORIGIN $25.8MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $307M in Soybean Oil, making it the 11th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 139th most exported product in Malaysia. The main destination of Soybean Oil exports from Malaysia are: Angola ($55.1M), Philippines ($51.2M), Australia ($38.7M), Mauritania ($29.3M), and Indonesia ($28.4M).

The fastest growing export markets for Soybean Oil of Malaysia between 2021 and 2022 were Philippines ($16.9M), Angola ($16.4M), and Fiji ($11.3M).

Imports In 2022, Malaysia imported $142M in Soybean Oil, becoming the 33rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 287th most imported product in Malaysia. Malaysia imports Soybean Oil primarily from: China ($46.7M), Argentina ($27.3M), Thailand ($23M), Brazil ($14M), and Indonesia ($7.05M).

The fastest growing import markets in Soybean Oil for Malaysia between 2021 and 2022 were China ($25.8M), Thailand ($9.23M), and Brazil ($8.43M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Soybean Oil exports accounted up to MYR61.2M and imports accounted up to MYR58.9M, resulting in a positive trade balance of MYR2.28M. Between August 2023 and August 2024 the exports of Malaysia's   Soybean Oil have decreased by MYR-4.14M (-6.33%) from MYR65.3M to MYR61.2M, while imports increased by MYR19.2M (48.3%) from MYR39.7M to MYR58.9M.

Destinations In August 2024, Soybean Oil were exported mostly to Australia (MYR15.4M), Philippines (MYR14.3M), Indonesia (MYR9M), Singapore (MYR5.21M), and New Zealand (MYR4.11M), and were imported mostly from Argentina (MYR39.6M), Germany (MYR6.16M), Romania (MYR4.11M), Chinese Taipei (MYR3.01M), and Thailand (MYR1.96M).

Growth In August 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Indonesia (MYR-6.43M or -54.9%), Philippines (MYR-2.49M or -16.9%), and Singapore (MYR-1.28M or -16.6%). In August 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (MYR965k or 82.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-4.14M(-6.33%)
IMPORT GROWTH (August 2023 - August 2024)MYR19.2M(48.3%)
MAIN DESTINATION (August 2024)AustraliaMYR15.4M

This section shows Soybean 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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$307M
IMPORTS (2022)$142M
NET TRADE (2022)$165M

In 2022, Malaysia exported $307M in Soybean Oil. The main destinations of Malaysia exports on Soybean Oil were Angola ($55.1M), Philippines ($51.2M), Australia ($38.7M), Mauritania ($29.3M), and Indonesia ($28.4M).

In 2022, Malaysia imported $142M in Soybean Oil, mainly from China ($46.7M), Argentina ($27.3M), Thailand ($23M), Brazil ($14M), and Indonesia ($7.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$16.9M (49.3%)
Angola$16.4M (42.3%)
Fiji$11.3M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Malaysia WERE (2021 - 2022):
Mauritania-$8.26M (-22%)
Vietnam-$5.25M (-48.3%)
Mozambique-$3.64M (-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 Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Malaysia's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $2.09M
TOP IMPORT POTENTIALArgentina+ $7.89M

Soybean Oil’s highest export potential is South Korea. With an export gap of $2.09M.   Soybean Oil’s highest import potential is Argentina with an import gap of $7.89M.

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