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2022
Exports $466MWorld Rnk 39 / 226
Flag Rnk 42 / 96
2022
Destination $6.31M Singapore
2021 - 2022
FASTEST GROWING MARKET $6.31MUnited States
2022
PRODUCT COMPLEXITY IN Perfumery & cosmetics0.49Rnk 370 / 1025
2022
Imports $1.41BWorld Rnk 27 / 225
Flag Rnk 31 / 96
2022
Origin $148M China
2021 - 2022
FASTEST GROWING ORIGIN $148MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $466M in Perfumery & cosmetics, making it the 39th largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 42nd most exported product in Malaysia. The main destination of Perfumery & cosmetics exports from Malaysia are: Singapore ($86.1M), Thailand ($33.7M), Indonesia ($33.3M), Japan ($23.6M), and Hong Kong ($23.3M).

The fastest growing export markets for Perfumery & cosmetics of Malaysia between 2021 and 2022 were United States ($6.31M), Kuwait ($5.16M), and Vietnam ($5.1M).

Imports In 2022, Malaysia imported $1.41B in Perfumery & cosmetics, becoming the 27th largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 31st most imported product in Malaysia. Malaysia imports Perfumery & cosmetics primarily from: China ($306M), Singapore ($287M), Thailand ($171M), United States ($120M), and South Korea ($107M).

The fastest growing import markets in Perfumery & cosmetics for Malaysia between 2021 and 2022 were China ($148M), Singapore ($52.9M), and Thailand ($42.3M).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Perfumery & cosmetics exports accounted up to MYR234M and imports accounted up to MYR582M, resulting in a negative trade balance of MYR347M. Between October 2023 and October 2024 the exports of Malaysia's   Perfumery & cosmetics have increased by MYR60.8M (35.1%) from MYR173M to MYR234M, while imports increased by MYR53.8M (10.2%) from MYR528M to MYR582M.

Destinations In October 2024, Perfumery & cosmetics were exported mostly to Singapore (MYR74.6M), Indonesia (MYR18.8M), Thailand (MYR14.3M), Philippines (MYR13.2M), and Japan (MYR11.6M), and were imported mostly from Singapore (MYR139M), China (MYR85.4M), France (MYR64.7M), Thailand (MYR56.6M), and South Korea (MYR32.3M).

Growth In October 2024, the increase in Perfumery & cosmetics's year-by-year exports was explained primarily by an increase in exports to Ukraine (MYR6.09M or 1.81k%), Singapore (MYR4.99M or 14.7%), and Thailand (MYR3.86M or 62.3%). In October 2024, the increase in Perfumery & cosmetics's year-by-year imports was explained primarily by an increase in imports from Thailand (MYR16.7M or 31.3%), South Korea (MYR10.1M or 47.6%), and France (MYR9.65M or 37.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR60.8M(35.1%)
IMPORT GROWTH (October 2023 - October 2024)MYR53.8M(10.2%)
MAIN DESTINATION (October 2024)SingaporeMYR74.6M

This section shows Perfumery & cosmetics'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 Perfumery & cosmetics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$466M
IMPORTS (2022)$1.41B
NET TRADE (2022)-$944M

In 2022, Malaysia exported $466M in Perfumery & cosmetics. The main destinations of Malaysia exports on Perfumery & cosmetics were Singapore ($86.1M), Thailand ($33.7M), Indonesia ($33.3M), Japan ($23.6M), and Hong Kong ($23.3M).

In 2022, Malaysia imported $1.41B in Perfumery & cosmetics, mainly from China ($306M), Singapore ($287M), Thailand ($171M), United States ($120M), and South Korea ($107M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$6.31M (44.1%)
Kuwait$5.16M (416%)
Vietnam$5.1M (50.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Malaysia WERE (2021 - 2022):
Mexico-$3.25M (-24.5%)
Hong Kong-$2.74M (-10.5%)
Japan-$2.54M (-9.71%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Perfumery & cosmetics were:
France $23.4B
United States $14B
Germany $11.5B
In 2022, Malaysia's main importing competitors in Perfumery & cosmetics were:
United States $17.8B
China $14B
Germany $8.42B

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $26.1M
TOP IMPORT POTENTIALThailand+ $31.3M

Perfumery & cosmetics’s highest export potential is Singapore. With an export gap of $26.1M.   Perfumery & cosmetics’s highest import potential is Thailand with an import gap of $31.3M.

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