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2022
Exports $1.66BWorld Rnk 1 / 153
Flag Rnk 30 / 1198
2022
Destination $43.4M Netherlands
2021 - 2022
FASTEST GROWING MARKET $43.4MPhilippines
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $271MWorld Rnk 4 / 214
Flag Rnk 176 / 1203
2022
Origin $741k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $741kSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.66B in Other Vegetable Oils, making it the 1st largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 30th most exported product in Malaysia. The main destination of Other Vegetable Oils exports from Malaysia are: Netherlands ($154M), Turkey ($138M), Egypt ($87.7M), Vietnam ($84.4M), and China ($80.8M).

The fastest growing export markets for Other Vegetable Oils of Malaysia between 2021 and 2022 were Philippines ($43.4M), Netherlands ($26.6M), and Latvia ($24.5M).

Imports In 2022, Malaysia imported $271M in Other Vegetable Oils, becoming the 4th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 176th most imported product in Malaysia. Malaysia imports Other Vegetable Oils primarily from: Indonesia ($259M), Australia ($2.38M), Thailand ($1.89M), India ($1.75M), and Singapore ($1.34M).

The fastest growing import markets in Other Vegetable Oils for Malaysia between 2021 and 2022 were Singapore ($741k), Vietnam ($649k), and New Zealand ($604k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Other Vegetable Oils exports accounted up to MYR558M and imports accounted up to MYR62.2M, resulting in a positive trade balance of MYR496M. Between August 2023 and August 2024 the exports of Malaysia's   Other Vegetable Oils have decreased by MYR-146M (-20.7%) from MYR704M to MYR558M, while imports decreased by MYR-50.7M (-44.9%) from MYR113M to MYR62.2M.

Destinations In August 2024, Other Vegetable Oils were exported mostly to China (MYR101M), Netherlands (MYR27.7M), United States (MYR27M), Spain (MYR26M), and Egypt (MYR20.9M), and were imported mostly from Indonesia (MYR60.4M), India (MYR1.14M), Thailand (MYR523k), Singapore (MYR121k), and Denmark (MYR62.1k).

Growth In August 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to China (MYR-141M or -76.5%), Turkey (MYR-65.1M or -41.5%), and Vietnam (MYR-26M or -82.6%). In August 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Indonesia (MYR-101M or -50.8%), Thailand (MYR-418k or -44.7%), and India (MYR-415k or -30.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-146M(-20.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR-50.7M(-44.9%)
MAIN DESTINATION (August 2024)ChinaMYR101M

This section shows Other Vegetable Oils'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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.66B
IMPORTS (2022)$271M
NET TRADE (2022)$1.39B

In 2022, Malaysia exported $1.66B in Other Vegetable Oils. The main destinations of Malaysia exports on Other Vegetable Oils were Netherlands ($154M), Turkey ($138M), Egypt ($87.7M), Vietnam ($84.4M), and China ($80.8M).

In 2022, Malaysia imported $271M in Other Vegetable Oils, mainly from Indonesia ($259M), Australia ($2.38M), Thailand ($1.89M), India ($1.75M), and Singapore ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$43.4M (125%)
Netherlands$26.6M (20.9%)
Latvia$24.5M (994%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Malaysia WERE (2021 - 2022):
Italy-$64.7M (-93.7%)
Turkey-$45.6M (-24.9%)
United States-$39.8M (-34.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Other Vegetable Oils were:
Indonesia $1.52B
Netherlands $424M
In 2022, Malaysia's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $32.8M
TOP IMPORT POTENTIALIndia+ $2.03M

Other Vegetable Oils’s highest export potential is China. With an export gap of $32.8M.   Other Vegetable Oils’s highest import potential is India with an import gap of $2.03M.

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