Rice in Malaysia | The Observatory of Economic Complexity

About

Exports In 2023, Malaysia exported $6.77M in Rice, making it the 58th largest exporter of Rice in the world. At the same year, Rice was the 687th most exported product in Malaysia. The main destination of Rice exports from Malaysia are: Indonesia ($4.93M), Benin ($713k), Angola ($376k), United Kingdom ($158k), and Singapore ($115k).

The fastest growing export markets for Rice of Malaysia between 2022 and 2023 were Angola ($376k), United Kingdom ($156k), and Australia ($82.9k).

Imports In 2023, Malaysia imported $794M in Rice, becoming the 7th largest importer of Rice in the world. At the same year, Rice was the 54th most imported product in Malaysia. Malaysia imports Rice primarily from: Vietnam ($217M), Thailand ($200M), Pakistan ($171M), India ($140M), and Cambodia ($35.6M).

The fastest growing import markets in Rice for Malaysia between 2022 and 2023 were Thailand ($135M), Burma ($27.9M), and India ($13M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Rice exports accounted up to MYR1.69M and imports accounted up to MYR199M, resulting in a negative trade balance of MYR197M. Between November 2023 and November 2024 the exports of Malaysia's Rice have decreased by MYR-23.9M (-93.4%) from MYR25.6M to MYR1.69M, while imports decreased by MYR-322M (-61.9%) from MYR521M to MYR199M.

Destinations In November 2024, Rice were exported mostly to Vietnam (MYR1.66M) and Singapore (MYR31.8k), and were imported mostly from Vietnam (MYR94.8M), Pakistan (MYR34.9M), India (MYR29.6M), Cambodia (MYR26M), and Thailand (MYR13M).

Growth In November 2024, the decrease in Rice's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Rice's year-by-year imports was explained primarily by a decrease in imports from Pakistan (MYR-38M or -51.1%), Thailand (MYR-26.7M or -89.8%), and Cambodia (MYR-2.98M or -21.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)MYR-23.9M(-93.4%)

IMPORT GROWTH (November 2023 - November 2024)MYR-322M(-61.9%)

MAIN DESTINATION (November 2024)VietnamMYR1.66M

This section shows Rice'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 Rice over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$6.77M

IMPORTS (2023)$794M

NET TRADE (2023)-$787M

In 2023, Malaysia exported $6.77M in Rice. The main destinations of Malaysia exports on Rice were Indonesia ($4.93M), Benin ($713k), Angola ($376k), United Kingdom ($158k), and Singapore ($115k).

In 2023, Malaysia imported $794M in Rice, mainly from Vietnam ($217M), Thailand ($200M), Pakistan ($171M), India ($140M), and Cambodia ($35.6M).

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