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2023
Exports $100MWorld Rnk 17 / 117
Flag Rnk 267 / 1208
2023
Destination $3.1M New Zealand
2022 - 2023
FASTEST GROWING MARKET $3.1MSingapore
2023
PRODUCT COMPLEXITY IN Rapeseed Oil0.16Rnk 502 / 1025
2023
Imports $113MWorld Rnk 17 / 209
Flag Rnk 305 / 1211
2023
Origin $26.3M United Arab Emirates
2022 - 2023
FASTEST GROWING ORIGIN $26.3MUkraine
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $100M in Rapeseed Oil, making it the 17th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 267th most exported product in Malaysia. The main destination of Rapeseed Oil exports from Malaysia are: New Zealand ($23.6M), Philippines ($18.6M), Australia ($18.3M), Singapore ($14.7M), and Hong Kong ($9.3M).

The fastest growing export markets for Rapeseed Oil of Malaysia between 2022 and 2023 were Singapore ($3.1M), Hong Kong ($871k), and Thailand ($853k).

Imports In 2023, Malaysia imported $113M in Rapeseed Oil, becoming the 17th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 305th most imported product in Malaysia. Malaysia imports Rapeseed Oil primarily from: United Arab Emirates ($39.3M), Ukraine ($26.3M), Netherlands ($18.7M), Australia ($14.8M), and Germany ($5.68M).

The fastest growing import markets in Rapeseed Oil for Malaysia between 2022 and 2023 were Ukraine ($26.3M), Netherlands ($18.7M), and Germany ($5.21M).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Rapeseed Oil exports accounted up to MYR38.9M and imports accounted up to MYR36.8M, resulting in a positive trade balance of MYR2.08M. Between December 2023 and December 2024 the exports of Malaysia's   Rapeseed Oil have decreased by MYR-8.92M (-18.7%) from MYR47.8M to MYR38.9M, while imports increased by MYR18.1M (96.8%) from MYR18.7M to MYR36.8M.

Destinations In December 2024, Rapeseed Oil were exported mostly to New Zealand (MYR9.71M), Philippines (MYR9.61M), Australia (MYR8.53M), Singapore (MYR2.57M), and Fiji (MYR2.24M), and were imported mostly from United Arab Emirates (MYR20M), Australia (MYR14.9M), India (MYR596k), Germany (MYR494k), and Sweden (MYR403k).

Growth In December 2024, the decrease in Rapeseed Oil's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-1.93M or -24.7%), United Arab Emirates (MYR-156k or -60.6%), and New Caledonia (MYR-109k or -34.3%). In December 2024, the increase in Rapeseed Oil's year-by-year imports was explained primarily by an increase in imports from Netherlands (MYR1.15M or 340k%), Bangladesh (MYR254k or 149%), and India (MYR13.1k or 31.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR-8.92M(-18.7%)
IMPORT GROWTH (December 2023 - December 2024)MYR18.1M(96.8%)
MAIN DESTINATION (December 2024)New ZealandMYR9.71M

This section shows Rapeseed Oil'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 Rapeseed Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$100M
IMPORTS (2023)$113M
NET TRADE (2023)-$12.4M

In 2023, Malaysia exported $100M in Rapeseed Oil. The main destinations of Malaysia exports on Rapeseed Oil were New Zealand ($23.6M), Philippines ($18.6M), Australia ($18.3M), Singapore ($14.7M), and Hong Kong ($9.3M).

In 2023, Malaysia imported $113M in Rapeseed Oil, mainly from United Arab Emirates ($39.3M), Ukraine ($26.3M), Netherlands ($18.7M), Australia ($14.8M), and Germany ($5.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$3.1M (26.7%)
Hong Kong$871k (10.3%)
Thailand$853k (28.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Malaysia WERE (2022 - 2023):
Philippines-$18.1M (-49.3%)
New Zealand-$9.09M (-27.8%)
Trinidad and Tobago-$1.86M (-81.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Rapeseed Oil were:
Canada $5.22B
Russia $1.59B
Germany $1.47B
In 2023, Malaysia's main importing competitors in Rapeseed Oil were:
United States $4.91B
China $2.6B
Netherlands $1.13B

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.45M
TOP IMPORT POTENTIALGermany+ $928k

Rapeseed Oil’s highest export potential is Indonesia. With an export gap of $1.45M.   Rapeseed Oil’s highest import potential is Germany with an import gap of $928k.

See methodology.

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