Animal and Vegetable Bi-Products in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $27.9B in Animal and Vegetable Bi-Products, making it the 2nd largest exporter of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 3rd most exported product in Malaysia. The main destination of Animal and Vegetable Bi-Products exports from Malaysia are: India ($4.05B), China ($2.45B), Netherlands ($2.05B), Turkey ($1.23B), and Singapore ($1.05B).

The fastest growing export markets for Animal and Vegetable Bi-Products of Malaysia between 2021 and 2022 were Japan ($374M), China ($332M), and Saudi Arabia ($317M).

Imports In 2022, Malaysia imported $5.16B in Animal and Vegetable Bi-Products, becoming the 8th largest importer of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 13th most imported product in Malaysia. Malaysia imports Animal and Vegetable Bi-Products primarily from: Indonesia ($3.18B), Thailand ($302M), China ($222M), Philippines ($214M), and India ($163M).

The fastest growing import markets in Animal and Vegetable Bi-Products for Malaysia between 2021 and 2022 were Indonesia ($514M), India ($115M), and China ($101M).

Latest Trends

March 2024

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Overview In March 2024 Malaysia's Animal and Vegetable Bi-Products exports accounted up to MYR6.12B and imports accounted up to MYR744M, resulting in a positive trade balance of MYR5.37B. Between March 2023 and March 2024 the exports of Malaysia's Animal and Vegetable Bi-Products have decreased by MYR-1.76B (-22.3%) from MYR7.87B to MYR6.12B, while imports decreased by MYR-73.5M (-8.99%) from MYR818M to MYR744M.

Destinations In March 2024, Animal and Vegetable Bi-Products were exported mostly to India (MYR770M), China (MYR451M), Pakistan (MYR375M), Netherlands (MYR281M), and Singapore (MYR250M), and were imported mostly from Indonesia (MYR277M), India (MYR58.7M), Netherlands (MYR43.3M), Papua New Guinea (MYR42.6M), and Thailand (MYR42M).

Growth In March 2024, the decrease in Animal and Vegetable Bi-Products's year-by-year exports was explained primarily by a decrease in exports to Turkey (MYR-144M or -40.7%), Philippines (MYR-105M or -40.7%), and Iran (MYR-96.8M or -84.2%). In March 2024, the decrease in Animal and Vegetable Bi-Products's year-by-year imports was explained primarily by a decrease in imports from Canada (MYR-47.7M or -98.9%), Argentina (MYR-45.7M or -99.6%), and Thailand (MYR-21.6M or -64.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR-1.76B(-22.3%)

IMPORT GROWTH (March 2023 - March 2024)MYR-73.5M(-8.99%)

MAIN DESTINATION (March 2024)IndiaMYR770M

This section shows Animal and Vegetable Bi-Products'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 Animal and Vegetable Bi-Products over time.

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