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2023
Exports $227MWorld Rnk 24 / 163
Flag Rnk 159 / 1208
2023
Destination $10.1M China
2022 - 2023
FASTEST GROWING MARKET $10.1MVietnam
2023
PRODUCT COMPLEXITY IN Crustaceans-1.94Rnk 993 / 1025
2023
Imports $145MWorld Rnk 22 / 216
Flag Rnk 262 / 1211
2023
Origin $4.4M India
2022 - 2023
FASTEST GROWING ORIGIN $4.4MNigeria
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $227M in Crustaceans, making it the 24th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 159th most exported product in Malaysia. The main destination of Crustaceans exports from Malaysia are: China ($57.1M), South Korea ($45.5M), Chinese Taipei ($32.6M), Turkey ($27.5M), and Singapore ($26.1M).

The fastest growing export markets for Crustaceans of Malaysia between 2022 and 2023 were Vietnam ($10.1M), South Korea ($4.69M), and Brunei ($1.44M).

Imports In 2023, Malaysia imported $145M in Crustaceans, becoming the 22nd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 262nd most imported product in Malaysia. Malaysia imports Crustaceans primarily from: India ($36.7M), China ($25.8M), Ecuador ($20.6M), Indonesia ($15.5M), and Pakistan ($8.27M).

The fastest growing import markets in Crustaceans for Malaysia between 2022 and 2023 were Nigeria ($4.4M), South Korea ($1.41M), and Thailand ($1.03M).

COMPANIES In 2024, leading companies such as Lawrence Wholesale (7) were at the forefront of shipping Crustaceans from Malaysia to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Crustaceans exports accounted up to MYR92.3M and imports accounted up to MYR88.9M, resulting in a positive trade balance of MYR3.35M. Between December 2023 and December 2024 the exports of Malaysia's   Crustaceans have increased by MYR3.08M (3.45%) from MYR89.2M to MYR92.3M, while imports increased by MYR14.9M (20.1%) from MYR74.1M to MYR88.9M.

Destinations In December 2024, Crustaceans were exported mostly to China (MYR34.4M), Chinese Taipei (MYR19.6M), Singapore (MYR17.2M), South Korea (MYR10.2M), and Japan (MYR3.65M), and were imported mostly from Nigeria (MYR16.2M), China (MYR14.9M), Indonesia (MYR12.8M), India (MYR9.39M), and Ecuador (MYR8.13M).

Growth In December 2024, the increase in Crustaceans's year-by-year exports was explained primarily by an increase in exports to South Korea (MYR5.83M or 63.5%), China (MYR4.66M or 23.4%), and Chinese Taipei (MYR4.51M or 64.9%). In December 2024, the increase in Crustaceans's year-by-year imports was explained primarily by an increase in imports from Burma (MYR3.58M or 103%), China (MYR3.11M or 29%), and Thailand (MYR1.79M or 26.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR3.08M(3.45%)
IMPORT GROWTH (December 2023 - December 2024)MYR14.9M(20.1%)
MAIN DESTINATION (December 2024)ChinaMYR34.4M

This section shows Crustaceans'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 Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$227M
IMPORTS (2023)$145M
NET TRADE (2023)$82.7M

In 2023, Malaysia exported $227M in Crustaceans. The main destinations of Malaysia exports on Crustaceans were China ($57.1M), South Korea ($45.5M), Chinese Taipei ($32.6M), Turkey ($27.5M), and Singapore ($26.1M).

In 2023, Malaysia imported $145M in Crustaceans, mainly from India ($36.7M), China ($25.8M), Ecuador ($20.6M), Indonesia ($15.5M), and Pakistan ($8.27M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Vietnam$10.1M (6.56k%)
South Korea$4.69M (11.5%)
Brunei$1.44M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Malaysia WERE (2022 - 2023):
Chinese Taipei-$9.25M (-22.1%)
Australia-$9.16M (-57.7%)
Japan-$7.1M (-49.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Crustaceans were:
Ecuador $6.88B
India $4.56B
Canada $2.96B
In 2023, Malaysia's main importing competitors in Crustaceans were:
China $7.85B
United States $7.12B
Japan $1.67B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $47.2M
TOP IMPORT POTENTIALIndonesia+ $21.3M

Crustaceans’s highest export potential is China. With an export gap of $47.2M.   Crustaceans’s highest import potential is Indonesia with an import gap of $21.3M.

See methodology.

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