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2023
Exports $1.22MWorld Rnk 45 / 133
Flag Rnk 930 / 1208
2023
Destination $55.6k Australia
2022 - 2023
FASTEST GROWING MARKET $55.6kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Oil Seed Flower-0.97Rnk 822 / 1025
2023
Imports $1.84MWorld Rnk 56 / 193
Flag Rnk 1028 / 1211
2023
Origin $81.5k China
2022 - 2023
FASTEST GROWING ORIGIN $81.5kHong Kong
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.22M in Oil Seed Flower, making it the 45th largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 930th most exported product in Malaysia. The main destination of Oil Seed Flower exports from Malaysia are: Australia ($848k), Singapore ($173k), United Kingdom ($62.1k), Guatemala ($43k), and Hong Kong ($16.3k).

The fastest growing export markets for Oil Seed Flower of Malaysia between 2022 and 2023 were United Kingdom ($55.6k), India ($12.5k), and China ($10.6k).

Imports In 2023, Malaysia imported $1.84M in Oil Seed Flower, becoming the 56th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 1028th most imported product in Malaysia. Malaysia imports Oil Seed Flower primarily from: China ($556k), Japan ($515k), Chinese Taipei ($172k), United States ($127k), and Hong Kong ($89.7k).

The fastest growing import markets in Oil Seed Flower for Malaysia between 2022 and 2023 were Hong Kong ($81.5k), China ($75.3k), and Netherlands ($66.3k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Oil Seed Flower exports accounted up to MYR39.1k and imports accounted up to MYR313k, resulting in a negative trade balance of MYR274k. Between November 2023 and November 2024 the exports of Malaysia's   Oil Seed Flower have decreased by MYR-102k (-72.2%) from MYR141k to MYR39.1k, while imports decreased by MYR-431k (-57.9%) from MYR744k to MYR313k.

Destinations In November 2024, Oil Seed Flower were exported mostly to Singapore (MYR29.3k) and Philippines (MYR9.8k), and were imported mostly from China (MYR208k), India (MYR57.5k), Chinese Taipei (MYR24.1k), Australia (MYR11.5k), and Peru (MYR6.22k).

Growth In November 2024, the decrease in Oil Seed Flower's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Oil Seed Flower's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-37.4k or -47.2%) and India (MYR-5.52k or -7.28%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-102k(-72.2%)
IMPORT GROWTH (November 2023 - November 2024)MYR-431k(-57.9%)
MAIN DESTINATION (November 2024)SingaporeMYR29.3k

This section shows Oil Seed Flower'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 Oil Seed Flower over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.22M
IMPORTS (2023)$1.84M
NET TRADE (2023)-$625k

In 2023, Malaysia exported $1.22M in Oil Seed Flower. The main destinations of Malaysia exports on Oil Seed Flower were Australia ($848k), Singapore ($173k), United Kingdom ($62.1k), Guatemala ($43k), and Hong Kong ($16.3k).

In 2023, Malaysia imported $1.84M in Oil Seed Flower, mainly from China ($556k), Japan ($515k), Chinese Taipei ($172k), United States ($127k), and Hong Kong ($89.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United Kingdom$55.6k (858%)
India$12.5k (1%)
China$10.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Malaysia WERE (2022 - 2023):
Australia-$484k (-36.3%)
Brunei-$225k (-99.4%)
Canada-$71.8k (-99.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Oil Seed Flower were:
United States $448M
South Africa $92.3M
Netherlands $90.3M
In 2023, Malaysia's main importing competitors in Oil Seed Flower were:
Vietnam $142M
Dominican Republic $98.5M
South Korea $81.9M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $34.9k
TOP IMPORT POTENTIALUnited States+ $209k

Oil Seed Flower’s highest export potential is Canada. With an export gap of $34.9k.   Oil Seed Flower’s highest import potential is United States with an import gap of $209k.

See methodology.

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