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2023
Exports $411MWorld Rnk 17 / 202
Flag Rnk 112 / 1208
2023
Destination $12.4M China
2022 - 2023
FASTEST GROWING MARKET $12.4MUnited States
2023
PRODUCT COMPLEXITY IN Chocolate0.3Rnk 459 / 1025
2023
Imports $176MWorld Rnk 45 / 225
Flag Rnk 228 / 1211
2023
Origin $3.03M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $3.03MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $411M in Chocolate, making it the 17th largest exporter of Chocolate in the world. At the same year, Chocolate was the 112th most exported product in Malaysia. The main destination of Chocolate exports from Malaysia are: China ($42.9M), Japan ($41.7M), Singapore ($41.3M), Philippines ($41M), and United States ($36.1M).

The fastest growing export markets for Chocolate of Malaysia between 2022 and 2023 were United States ($12.4M), Singapore ($6.51M), and Russia ($5.29M).

Imports In 2023, Malaysia imported $176M in Chocolate, becoming the 45th largest importer of Chocolate in the world. At the same year, Chocolate was the 228th most imported product in Malaysia. Malaysia imports Chocolate primarily from: Singapore ($27.3M), China ($22.8M), Australia ($18.8M), Turkey ($10.4M), and Indonesia ($9.56M).

The fastest growing import markets in Chocolate for Malaysia between 2022 and 2023 were China ($3.03M), Turkey ($2.81M), and Luxembourg ($941k).

COMPANIES In 2024, leading companies such as Motorola (2) and IKEA Group (1) were at the forefront of shipping Chocolate from Malaysia to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Chocolate exports accounted up to MYR169M and imports accounted up to MYR90.3M, resulting in a positive trade balance of MYR78.8M. Between December 2023 and December 2024 the exports of Malaysia's   Chocolate have increased by MYR4.95M (3.01%) from MYR164M to MYR169M, while imports increased by MYR20.6M (29.5%) from MYR69.8M to MYR90.3M.

Destinations In December 2024, Chocolate were exported mostly to Japan (MYR24.5M), Singapore (MYR20.4M), Thailand (MYR17.9M), China (MYR16.9M), and Philippines (MYR16.5M), and were imported mostly from Singapore (MYR13.2M), China (MYR12.4M), Australia (MYR9.38M), Indonesia (MYR6.95M), and Brazil (MYR5.62M).

Growth In December 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to South Korea (MYR11.2M or 330%), Philippines (MYR10.5M or 107%), and China (MYR7.36M or 165%). In December 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from India (MYR2.57M or 826%), United States (MYR1.88M or 83.6%), and New Zealand (MYR1.26M or 160%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR4.95M(3.01%)
IMPORT GROWTH (December 2023 - December 2024)MYR20.6M(29.5%)
MAIN DESTINATION (December 2024)JapanMYR24.5M

This section shows Chocolate'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 Chocolate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$411M
IMPORTS (2023)$176M
NET TRADE (2023)$235M

In 2023, Malaysia exported $411M in Chocolate. The main destinations of Malaysia exports on Chocolate were China ($42.9M), Japan ($41.7M), Singapore ($41.3M), Philippines ($41M), and United States ($36.1M).

In 2023, Malaysia imported $176M in Chocolate, mainly from Singapore ($27.3M), China ($22.8M), Australia ($18.8M), Turkey ($10.4M), and Indonesia ($9.56M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$12.4M (52.2%)
Singapore$6.51M (18.7%)
Russia$5.29M (10.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Malaysia WERE (2022 - 2023):
South Korea-$7.68M (-23.9%)
Saudi Arabia-$2.36M (-17.1%)
Bangladesh-$2.31M (-42.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Malaysia's main importing competitors in Chocolate were:
United States $4.04B
United Kingdom $3.01B
Germany $2.95B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.1M
TOP IMPORT POTENTIALGermany+ $5.35M

Chocolate’s highest export potential is United States. With an export gap of $15.1M.   Chocolate’s highest import potential is Germany with an import gap of $5.35M.

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