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2022
Exports $12.3MWorld Rnk 42 / 196
Flag Rnk 602 / 1198
2022
Destination $3.42M Vietnam
2021 - 2022
FASTEST GROWING MARKET $3.42MVietnam
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $47.4MWorld Rnk 22 / 214
Flag Rnk 528 / 1203
2022
Origin $1.31M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.31MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $12.3M in Essential Oils, making it the 42nd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 602nd most exported product in Malaysia. The main destination of Essential Oils exports from Malaysia are: Vietnam ($3.7M), Singapore ($2.43M), United States ($948k), France ($856k), and Hong Kong ($495k).

The fastest growing export markets for Essential Oils of Malaysia between 2021 and 2022 were Vietnam ($3.42M), Singapore ($1.75M), and United States ($666k).

Imports In 2022, Malaysia imported $47.4M in Essential Oils, becoming the 22nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 528th most imported product in Malaysia. Malaysia imports Essential Oils primarily from: United States ($16.8M), China ($10.8M), India ($6.23M), Germany ($2.72M), and Singapore ($2.32M).

The fastest growing import markets in Essential Oils for Malaysia between 2021 and 2022 were China ($1.31M), India ($1.13M), and United Arab Emirates ($712k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Essential Oils exports accounted up to MYR3.32M and imports accounted up to MYR13.3M, resulting in a negative trade balance of MYR9.98M. Between June 2023 and June 2024 the exports of Malaysia's   Essential Oils have decreased by MYR-1.96M (-37.1%) from MYR5.27M to MYR3.32M, while imports increased by MYR5.41M (68.5%) from MYR7.89M to MYR13.3M.

Destinations In June 2024, Essential Oils were exported mostly to Singapore (MYR881k), Indonesia (MYR825k), Hong Kong (MYR444k), Chinese Taipei (MYR301k), and Australia (MYR243k), and were imported mostly from United States (MYR4.61M), Singapore (MYR3.33M), India (MYR1.48M), China (MYR976k), and Indonesia (MYR704k).

Growth In June 2024, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to Vietnam (MYR-415k or -100%), United Kingdom (MYR-116k or -99.5%), and Brunei (MYR-58.5k or -95.1%). In June 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (MYR421k or 455%), Italy (MYR312k or 709%), and China (MYR117k or 14.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-1.96M(-37.1%)
IMPORT GROWTH (June 2023 - June 2024)MYR5.41M(68.5%)
MAIN DESTINATION (June 2024)SingaporeMYR881k

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.3M
IMPORTS (2022)$47.4M
NET TRADE (2022)-$35.1M

In 2022, Malaysia exported $12.3M in Essential Oils. The main destinations of Malaysia exports on Essential Oils were Vietnam ($3.7M), Singapore ($2.43M), United States ($948k), France ($856k), and Hong Kong ($495k).

In 2022, Malaysia imported $47.4M in Essential Oils, mainly from United States ($16.8M), China ($10.8M), India ($6.23M), Germany ($2.72M), and Singapore ($2.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Vietnam$3.42M (1.22k%)
Singapore$1.75M (259%)
United States$666k (236%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Malaysia WERE (2021 - 2022):
Dominican Republic-$727k (-100%)
New Zealand-$243k (-72.3%)
Chinese Taipei-$149k (-68.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Malaysia's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.03M
TOP IMPORT POTENTIALIndia+ $3.44M

Essential Oils’s highest export potential is United States. With an export gap of $1.03M.   Essential Oils’s highest import potential is India with an import gap of $3.44M.

See methodology.

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