2023
Exports
$990kWorld Rnk 35 / 77
Flag Rnk 955 / 1208
2023
PRODUCT COMPLEXITY IN Animal Fat
0.44Rnk 389 / 1025
2023
Imports
$3.45MWorld Rnk 44 / 162
Flag Rnk 957 / 1211
2023
ECONOMIC COMPLEXITY of Malaysia
1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $990k in Animal Fat, making it the 35th largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 955th most exported product in Malaysia. The main destination of Animal Fat exports from Malaysia are: Hong Kong ($957k) and Macau ($32.4k).

The fastest growing export markets for Animal Fat of Malaysia between 2022 and 2023 were Hong Kong ($378k) and Macau ($32.4k).

Imports In 2023, Malaysia imported $3.45M in Animal Fat, becoming the 44th largest importer of Animal Fat in the world. At the same year, Animal Fat was the 957th most imported product in Malaysia. Malaysia imports Animal Fat primarily from: Spain ($2.58M), Thailand ($312k), Denmark ($146k), Belgium ($143k), and Canada ($129k).

The fastest growing import markets in Animal Fat for Malaysia between 2022 and 2023 were Spain ($1.64M), Belgium ($113k), and Canada ($89.7k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - November 2024)MYR-216k(-45.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR849k(163%)
MAIN DESTINATION (November 2024)Hong KongMYR259k

This section shows Animal Fat'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 Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$990k
IMPORTS (2023)$3.45M
NET TRADE (2023)-$2.46M

In 2023, Malaysia exported $990k in Animal Fat. The main destinations of Malaysia exports on Animal Fat were Hong Kong ($957k) and Macau ($32.4k).

In 2023, Malaysia imported $3.45M in Animal Fat, mainly from Spain ($2.58M), Thailand ($312k), Denmark ($146k), Belgium ($143k), and Canada ($129k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$378k (65.3%)
Macau$32.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Malaysia WERE (2022 - 2023):
Netherlands-$61.1k (-100%)
Philippines-$3.03k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Animal Fat were:
Spain $186M
Canada $79.1M
In 2023, Malaysia's main importing competitors in Animal Fat were:

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $22.8k
TOP IMPORT POTENTIALCanada+ $55.7k

Animal Fat’s highest export potential is Netherlands. With an export gap of $22.8k.   Animal Fat’s highest import potential is Canada with an import gap of $55.7k.

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