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2022
Exports $14.1MWorld Rnk 47 / 152
Flag Rnk 579 / 1198
2022
Destination $1.56M Singapore
2021 - 2022
FASTEST GROWING MARKET $1.56MOman
2022
PRODUCT COMPLEXITY IN Fermented Milk Products-0.22Rnk 622 / 1025
2022
Imports $52.4MWorld Rnk 26 / 219
Flag Rnk 505 / 1203
2022
Origin $6.41M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $6.41MNew Zealand
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $14.1M in Fermented Milk Products, making it the 47th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 579th most exported product in Malaysia. The main destination of Fermented Milk Products exports from Malaysia are: Singapore ($6.82M), Oman ($2.93M), Brunei ($1.14M), Philippines ($804k), and Australia ($470k).

The fastest growing export markets for Fermented Milk Products of Malaysia between 2021 and 2022 were Oman ($1.56M), Kuwait ($417k), and Australia ($353k).

Imports In 2022, Malaysia imported $52.4M in Fermented Milk Products, becoming the 26th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 505th most imported product in Malaysia. Malaysia imports Fermented Milk Products primarily from: New Zealand ($16.8M), Germany ($9.25M), Australia ($3.57M), Ireland ($3.01M), and Belarus ($2.98M).

The fastest growing import markets in Fermented Milk Products for Malaysia between 2021 and 2022 were New Zealand ($6.41M), Germany ($2.9M), and Netherlands ($2.58M).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Fermented Milk Products exports accounted up to MYR3.67M and imports accounted up to MYR15.8M, resulting in a negative trade balance of MYR12.1M. Between September 2023 and September 2024 the exports of Malaysia's   Fermented Milk Products have decreased by MYR-793k (-17.8%) from MYR4.46M to MYR3.67M, while imports increased by MYR61.1k (0.39%) from MYR15.7M to MYR15.8M.

Destinations In September 2024, Fermented Milk Products were exported mostly to Singapore (MYR2.27M), Philippines (MYR655k), Brunei (MYR230k), Hong Kong (MYR203k), and Australia (MYR198k), and were imported mostly from New Zealand (MYR4.45M), Germany (MYR2.85M), Netherlands (MYR2.28M), Australia (MYR1.54M), and Thailand (MYR1.25M).

Growth In September 2024, the decrease in Fermented Milk Products's year-by-year exports was explained primarily by a decrease in exports to Brunei (MYR-261k or -66%), Singapore (MYR-80.7k or -3.06%), and Hong Kong (MYR-24.7k or -29.5%). In September 2024, the increase in Fermented Milk Products's year-by-year imports was explained primarily by an increase in imports from New Zealand (MYR590k or 8.08%), Belgium (MYR332k or 24.1%), and United States (MYR177k or 33.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-793k(-17.8%)
IMPORT GROWTH (September 2023 - September 2024)MYR61.1k(0.39%)
MAIN DESTINATION (September 2024)SingaporeMYR2.27M

This section shows Fermented Milk 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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.1M
IMPORTS (2022)$52.4M
NET TRADE (2022)-$38.3M

In 2022, Malaysia exported $14.1M in Fermented Milk Products. The main destinations of Malaysia exports on Fermented Milk Products were Singapore ($6.82M), Oman ($2.93M), Brunei ($1.14M), Philippines ($804k), and Australia ($470k).

In 2022, Malaysia imported $52.4M in Fermented Milk Products, mainly from New Zealand ($16.8M), Germany ($9.25M), Australia ($3.57M), Ireland ($3.01M), and Belarus ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Oman$1.56M (114%)
Kuwait$417k (11.5k%)
Australia$353k (300%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Malaysia WERE (2021 - 2022):
Brunei-$1.37M (-54.6%)
Singapore-$936k (-12.1%)
Indonesia-$728k (-62.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Fermented Milk Products were:
Germany $1.01B
France $597M
Belgium $347M
In 2022, Malaysia's main importing competitors in Fermented Milk Products were:
Italy $477M
United Kingdom $452M
Netherlands $348M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $501k
TOP IMPORT POTENTIALThailand+ $1.58M

Fermented Milk Products’s highest export potential is Philippines. With an export gap of $501k.   Fermented Milk Products’s highest import potential is Thailand with an import gap of $1.58M.

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