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2022
Exports $20.8MWorld Rnk 17 / 109
Flag Rnk 517 / 1198
2022
Destination $3.04M Thailand
2021 - 2022
FASTEST GROWING MARKET $3.04MAustralia
2022
PRODUCT COMPLEXITY IN Nitrites and Nitrates-0.15Rnk 597 / 1025
2022
Imports $19.9MWorld Rnk 27 / 183
Flag Rnk 715 / 1203
2022
Origin $1.84M China
2021 - 2022
FASTEST GROWING ORIGIN $1.84MNetherlands
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $20.8M in Nitrites and Nitrates, making it the 17th largest exporter of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 517th most exported product in Malaysia. The main destination of Nitrites and Nitrates exports from Malaysia are: Thailand ($5.69M), Canada ($3.52M), Australia ($3.31M), Philippines ($2.01M), and Hong Kong ($1.18M).

The fastest growing export markets for Nitrites and Nitrates of Malaysia between 2021 and 2022 were Australia ($3.04M), Canada ($1.81M), and Philippines ($1.58M).

Imports In 2022, Malaysia imported $19.9M in Nitrites and Nitrates, becoming the 27th largest importer of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 715th most imported product in Malaysia. Malaysia imports Nitrites and Nitrates primarily from: China ($8.87M), Netherlands ($4.1M), Thailand ($3.3M), Norway ($629k), and Jordan ($400k).

The fastest growing import markets in Nitrites and Nitrates for Malaysia between 2021 and 2022 were Netherlands ($1.84M), Thailand ($1.4M), and Chile ($364k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Nitrites and Nitrates exports accounted up to MYR12.4M and imports accounted up to MYR10.1M, resulting in a positive trade balance of MYR2.31M. Between June 2023 and June 2024 the exports of Malaysia's   Nitrites and Nitrates have increased by MYR1.38M (12.4%) from MYR11.1M to MYR12.4M, while imports increased by MYR2.89M (39.9%) from MYR7.24M to MYR10.1M.

Destinations In June 2024, Nitrites and Nitrates were exported mostly to Canada (MYR5.44M), Thailand (MYR2.52M), Australia (MYR2.34M), Cambodia (MYR884k), and New Zealand (MYR683k), and were imported mostly from China (MYR4.94M), Jordan (MYR2.86M), Belgium (MYR1.16M), Thailand (MYR864k), and Netherlands (MYR135k).

Growth In June 2024, the increase in Nitrites and Nitrates's year-by-year exports was explained primarily by an increase in exports to Australia (MYR1.69M or 336%), Thailand (MYR625k or 32.6%), and Sri Lanka (MYR242k or 1.21k%). In June 2024, the increase in Nitrites and Nitrates's year-by-year imports was explained primarily by an increase in imports from South Korea (MYR888k or 187%), India (MYR336k or 1.75k%), and Thailand (MYR201k or 18.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR1.38M(12.4%)
IMPORT GROWTH (June 2023 - June 2024)MYR2.89M(39.9%)
MAIN DESTINATION (June 2024)CanadaMYR5.44M

This section shows Nitrites and Nitrates'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 Nitrites and Nitrates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.8M
IMPORTS (2022)$19.9M
NET TRADE (2022)$895k

In 2022, Malaysia exported $20.8M in Nitrites and Nitrates. The main destinations of Malaysia exports on Nitrites and Nitrates were Thailand ($5.69M), Canada ($3.52M), Australia ($3.31M), Philippines ($2.01M), and Hong Kong ($1.18M).

In 2022, Malaysia imported $19.9M in Nitrites and Nitrates, mainly from China ($8.87M), Netherlands ($4.1M), Thailand ($3.3M), Norway ($629k), and Jordan ($400k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrites and Nitrates EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Australia$3.04M (1.12k%)
Canada$1.81M (105%)
Philippines$1.58M (367%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrites and Nitrates BY Malaysia WERE (2021 - 2022):
United Arab Emirates-$17.5k (-100%)
Tunisia-$16.3k (-100%)
Chinese Taipei-$15.9k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Nitrites and Nitrates were:
Chile $587M
China $269M
Israel $187M
In 2022, Malaysia's main importing competitors in Nitrites and Nitrates were:
Netherlands $269M
Spain $201M
United States $160M

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Trade Value of Nitrites and Nitrates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $531k
TOP IMPORT POTENTIALChile+ $423k

Nitrites and Nitrates’s highest export potential is Indonesia. With an export gap of $531k.   Nitrites and Nitrates’s highest import potential is Chile with an import gap of $423k.

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