Honey in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $2.05M in Honey, making it the 61st largest exporter of Honey in the world. At the same year, Honey was the 873rd most exported product in Malaysia. The main destination of Honey exports from Malaysia are: Singapore ($868k), Australia ($286k), Japan ($266k), Brunei ($218k), and Hong Kong ($67.7k).

The fastest growing export markets for Honey of Malaysia between 2021 and 2022 were Brunei ($174k), Japan ($164k), and Singapore ($164k).

Imports In 2022, Malaysia imported $13.1M in Honey, becoming the 30th largest importer of Honey in the world. At the same year, Honey was the 789th most imported product in Malaysia. Malaysia imports Honey primarily from: China ($2.93M), New Zealand ($2.9M), Australia ($2.17M), Thailand ($1.27M), and Chinese Taipei ($605k).

The fastest growing import markets in Honey for Malaysia between 2021 and 2022 were New Zealand ($478k), China ($207k), and India ($157k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Honey exports accounted up to MYR367k and imports accounted up to MYR5.24M, resulting in a negative trade balance of MYR4.88M. Between August 2023 and August 2024 the exports of Malaysia's Honey have decreased by MYR-597k (-61.9%) from MYR964k to MYR367k, while imports decreased by MYR-928k (-15%) from MYR6.17M to MYR5.24M.

Destinations In August 2024, Honey were exported mostly to Singapore (MYR121k), Mongolia (MYR91.8k), Kazakhstan (MYR66.9k), Brunei (MYR26.2k), and Somalia (MYR23.4k), and were imported mostly from New Zealand (MYR1.36M), China (MYR1.25M), Iran (MYR1.12M), Australia (MYR698k), and Thailand (MYR501k).

Growth In August 2024, the decrease in Honey's year-by-year exports was explained primarily by a decrease in exports to Somalia (MYR-60k or -80%). In August 2024, the decrease in Honey's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-976k or -100%), China (MYR-740k or -55.2%), and Australia (MYR-656k or -64.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)MYR-597k(-61.9%)

IMPORT GROWTH (August 2023 - August 2024)MYR-928k(-15%)

MAIN DESTINATION (August 2024)SingaporeMYR121k

This section shows Honey'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 Honey over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.05M

IMPORTS (2022)$13.1M

NET TRADE (2022)-$11M

In 2022, Malaysia exported $2.05M in Honey. The main destinations of Malaysia exports on Honey were Singapore ($868k), Australia ($286k), Japan ($266k), Brunei ($218k), and Hong Kong ($67.7k).

In 2022, Malaysia imported $13.1M in Honey, mainly from China ($2.93M), New Zealand ($2.9M), Australia ($2.17M), Thailand ($1.27M), and Chinese Taipei ($605k).

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