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2023
Exports $22BWorld Rnk 2 / 212
Flag Rnk 3 / 21
2023
Destination $171M India
2022 - 2023
FASTEST GROWING MARKET $171MTanzania
2023
PRODUCT COMPLEXITY IN Animal and Vegetable Bi-Products0.62Rnk 319 / 1025
2023
Imports $3.56BWorld Rnk 10 / 225
Flag Rnk 14 / 21
2023
Origin $18.5M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $18.5MNetherlands
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $22B 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 ($2.95B), China ($2.02B), Netherlands ($1.42B), Singapore ($1.12B), and Turkey ($966M).

The fastest growing export markets for Animal and Vegetable Bi-Products of Malaysia between 2022 and 2023 were Tanzania ($171M), Singapore ($109M), and Yemen ($89.2M).

Imports In 2023, Malaysia imported $3.56B in Animal and Vegetable Bi-Products, becoming the 10th largest importer of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 14th most imported product in Malaysia. Malaysia imports Animal and Vegetable Bi-Products primarily from: Indonesia ($2.33B), India ($157M), Thailand ($114M), Vietnam ($96.4M), and Ukraine ($88.9M).

The fastest growing import markets in Animal and Vegetable Bi-Products for Malaysia between 2022 and 2023 were Netherlands ($18.5M), Germany ($9.03M), and Romania ($7.69M).

COMPANIES In 2023, leading companies such as Walong Marketing (6), Tesla (3), and Wismettac Asian Foods (1) were at the forefront of shipping Animal and Vegetable Bi-Products from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Animal and Vegetable Bi-Products exports accounted up to MYR7.82B and imports accounted up to MYR1.19B, resulting in a positive trade balance of MYR6.63B. Between November 2023 and November 2024 the exports of Malaysia's   Animal and Vegetable Bi-Products have increased by MYR1.02B (14.9%) from MYR6.8B to MYR7.82B, while imports increased by MYR504M (73.9%) from MYR682M to MYR1.19B.

Destinations In November 2024, Animal and Vegetable Bi-Products were exported mostly to India (MYR1.2B), Kenya (MYR966M), China (MYR577M), Netherlands (MYR454M), and United States (MYR372M), and were imported mostly from Indonesia (MYR314M), China (MYR202M), Australia (MYR161M), Philippines (MYR152M), and Singapore (MYR54.8M).

Growth In November 2024, the increase in Animal and Vegetable Bi-Products's year-by-year exports was explained primarily by an increase in exports to Iran (MYR224M or 1.37k%), Djibouti (MYR177M or 295%), and United States (MYR118M or 264%). In November 2024, the increase in Animal and Vegetable Bi-Products's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR250M or 34.6%), Australia (MYR48.5M or 836%), and Argentina (MYR40.6M or 4.23k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR1.02B(14.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR504M(73.9%)
MAIN DESTINATION (November 2024)IndiaMYR1.2B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$22B
IMPORTS (2023)$3.56B
NET TRADE (2023)$18.4B

In 2023, Malaysia exported $22B in Animal and Vegetable Bi-Products. The main destinations of Malaysia exports on Animal and Vegetable Bi-Products were India ($2.95B), China ($2.02B), Netherlands ($1.42B), Singapore ($1.12B), and Turkey ($966M).

In 2023, Malaysia imported $3.56B in Animal and Vegetable Bi-Products, mainly from Indonesia ($2.33B), India ($157M), Thailand ($114M), Vietnam ($96.4M), and Ukraine ($88.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal and Vegetable Bi-Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Tanzania$171M (114%)
Singapore$109M (10.9%)
Yemen$89.2M (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal and Vegetable Bi-Products BY Malaysia WERE (2022 - 2023):
India-$1.32B (-30.8%)
China-$806M (-28.5%)
Philippines-$454M (-45.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Animal and Vegetable Bi-Products were:
Indonesia $37.8B
Netherlands $8.1B
In 2023, Malaysia's main importing competitors in Animal and Vegetable Bi-Products were:
China $17.5B
United States $16.6B
India $15.8B

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Trade Value of Animal and Vegetable Bi-Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $446M
TOP IMPORT POTENTIALIndonesia+ $183M

Animal and Vegetable Bi-Products’s highest export potential is China. With an export gap of $446M.   Animal and Vegetable Bi-Products’s highest import potential is Indonesia with an import gap of $183M.

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