Food residues & wastes; animal fodder in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $921M in Food residues & wastes; animal fodder, making it the 27th largest exporter of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 30th most exported product in Malaysia. The main destination of Food residues & wastes; animal fodder exports from Malaysia are: New Zealand ($148M), China ($135M), United States ($108M), South Korea ($105M), and Singapore ($105M).

The fastest growing export markets for Food residues & wastes; animal fodder of Malaysia between 2021 and 2022 were China ($49.3M), New Zealand ($38.7M), and United States ($20.1M).

Imports In 2022, Malaysia imported $1.48B in Food residues & wastes; animal fodder, becoming the 24th largest importer of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 29th most imported product in Malaysia. Malaysia imports Food residues & wastes; animal fodder primarily from: Argentina ($616M), China ($199M), Thailand ($183M), Vietnam ($92.4M), and United States ($72.6M).

The fastest growing import markets in Food residues & wastes; animal fodder for Malaysia between 2021 and 2022 were China ($85.5M), Argentina ($68.1M), and Vietnam ($20.6M).

COMPANIES In 2023, leading companies such as Walong Marketing (8) were at the forefront of shipping Food residues & wastes; animal fodder from Malaysia to the United States.

Latest Trends

June 2024

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Overview In June 2024 Malaysia's Food residues & wastes; animal fodder exports accounted up to MYR304M and imports accounted up to MYR484M, resulting in a negative trade balance of MYR179M. Between June 2023 and June 2024 the exports of Malaysia's Food residues & wastes; animal fodder have increased by MYR61.4M (25.3%) from MYR243M to MYR304M, while imports decreased by MYR-104M (-17.7%) from MYR588M to MYR484M.

Destinations In June 2024, Food residues & wastes; animal fodder were exported mostly to China (MYR54.9M), South Korea (MYR40.8M), United States (MYR38.4M), New Zealand (MYR37M), and Singapore (MYR19.4M), and were imported mostly from Argentina (MYR185M), Thailand (MYR88.4M), China (MYR51.6M), Vietnam (MYR29.7M), and United States (MYR20.8M).

Growth In June 2024, the increase in Food residues & wastes; animal fodder's year-by-year exports was explained primarily by an increase in exports to China (MYR9.59M or 44.5%), New Zealand (MYR8.67M or 40.4%), and Thailand (MYR7.65M or 176%). In June 2024, the decrease in Food residues & wastes; animal fodder's year-by-year imports was explained primarily by a decrease in imports from Argentina (MYR-53.5M or -21.3%), United States (MYR-22.7M or -58.7%), and Thailand (MYR-17.5M or -19.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR61.4M(25.3%)

IMPORT GROWTH (June 2023 - June 2024)MYR-104M(-17.7%)

MAIN DESTINATION (June 2024)ChinaMYR54.9M

This section shows Food residues & wastes; animal fodder'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 Food residues & wastes; animal fodder over time.

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