Milk in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $17.2M in Milk, making it the 45th largest exporter of Milk in the world. At the same year, Milk was the 554th most exported product in Malaysia. The main destination of Milk exports from Malaysia are: Singapore ($8.35M), Brunei ($2.8M), Hong Kong ($2.07M), Thailand ($1.72M), and Philippines ($445k).

The fastest growing export markets for Milk of Malaysia between 2021 and 2022 were Singapore ($1.73M), Malaysia ($429k), and Hong Kong ($406k).

Imports In 2022, Malaysia imported $62.8M in Milk, becoming the 28th largest importer of Milk in the world. At the same year, Milk was the 466th most imported product in Malaysia. Malaysia imports Milk primarily from: New Zealand ($25.5M), Australia ($16.6M), Germany ($5.19M), France ($3.61M), and Denmark ($2.85M).

The fastest growing import markets in Milk for Malaysia between 2021 and 2022 were New Zealand ($4.73M), Netherlands ($2.1M), and Germany ($1.11M).

COMPANIES In 2023, leading companies such as Home Depot (3) were at the forefront of shipping Milk from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Milk exports accounted up to MYR10.5M and imports accounted up to MYR37.2M, resulting in a negative trade balance of MYR26.7M. Between August 2023 and August 2024 the exports of Malaysia's Milk have increased by MYR2.14M (25.6%) from MYR8.37M to MYR10.5M, while imports increased by MYR10.9M (41.5%) from MYR26.3M to MYR37.2M.

Destinations In August 2024, Milk were exported mostly to Singapore (MYR6.9M), Philippines (MYR1.89M), Brunei (MYR1.36M), Maldives (MYR303k), and Vietnam (MYR34.2k), and were imported mostly from Australia (MYR12.6M), New Zealand (MYR10.9M), Denmark (MYR4.2M), France (MYR3.27M), and Belgium (MYR2.37M).

Growth In August 2024, the increase in Milk's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR916k or 29.9%) and Maldives (MYR4.82k or 10.2%). In August 2024, the increase in Milk's year-by-year imports was explained primarily by an increase in imports from Germany (MYR611k or 20.2%), Singapore (MYR566k or 515%), and Netherlands (MYR299k or 78.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)MYR2.14M(25.6%)

IMPORT GROWTH (August 2023 - August 2024)MYR10.9M(41.5%)

MAIN DESTINATION (August 2024)SingaporeMYR6.9M

This section shows Milk'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 Milk over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$17.2M

IMPORTS (2022)$62.8M

NET TRADE (2022)-$45.6M

In 2022, Malaysia exported $17.2M in Milk. The main destinations of Malaysia exports on Milk were Singapore ($8.35M), Brunei ($2.8M), Hong Kong ($2.07M), Thailand ($1.72M), and Philippines ($445k).

In 2022, Malaysia imported $62.8M in Milk, mainly from New Zealand ($25.5M), Australia ($16.6M), Germany ($5.19M), France ($3.61M), and Denmark ($2.85M).

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