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2022
Exports $5.35MWorld Rnk 35 / 154
Flag Rnk 727 / 1198
2022
Destination $83.8k Singapore
2021 - 2022
FASTEST GROWING MARKET $83.8kBrunei
2022
PRODUCT COMPLEXITY IN Root Vegetables-0.71Rnk 758 / 1025
2022
Imports $50.9MWorld Rnk 12 / 212
Flag Rnk 515 / 1203
2022
Origin $26kN/A
2021 - 2022
FASTEST GROWING ORIGIN $26kPoland
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $5.35M in Root Vegetables, making it the 35th largest exporter of Root Vegetables in the world. At the same year, Root Vegetables was the 727th most exported product in Malaysia. The main destination of Root Vegetables exports from Malaysia are: Singapore ($4.78M), Brunei ($516k), Hong Kong ($36.1k), Indonesia ($11.2k), and Vietnam ($2.94k).

The fastest growing export markets for Root Vegetables of Malaysia between 2021 and 2022 were Brunei ($83.8k), Indonesia ($11.2k), and Vietnam ($321).

Imports In 2022, Malaysia imported $50.9M in Root Vegetables, becoming the 12th largest importer of Root Vegetables in the world. At the same year, Root Vegetables was the 515th most imported product in Malaysia. Malaysia imports Root Vegetables primarily from: N/A.

The fastest growing import markets in Root Vegetables for Malaysia between 2021 and 2022 were Poland ($26k), Netherlands ($21.4k), and New Zealand ($17.4k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Root Vegetables exports accounted up to MYR2.38M and imports accounted up to MYR20.6M, resulting in a negative trade balance of MYR18.2M. Between August 2023 and August 2024 the exports of Malaysia's   Root Vegetables have increased by MYR640k (36.7%) from MYR1.74M to MYR2.38M, while imports increased by MYR4.96M (31.8%) from MYR15.6M to MYR20.6M.

Destinations In August 2024, Root Vegetables were exported mostly to Singapore (MYR2.35M), Brunei (MYR25.8k), and Hong Kong (MYR4.11k), and were imported mostly from China (MYR15.6M), Australia (MYR3.44M), Vietnam (MYR710k), United States (MYR235k), and Thailand (MYR143k).

Growth In August 2024, the increase in Root Vegetables's year-by-year exports was explained primarily by an increase in exports to Hong Kong (MYR4.84k or 34.4%) and Brunei (MYR1.2k or 3.07%). In August 2024, the increase in Root Vegetables's year-by-year imports was explained primarily by an increase in imports from Bangladesh (MYR19.8k or 21.1%), Netherlands (MYR8.27k or 53.8%), and France (MYR6.94k or 3.67k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR640k(36.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR4.96M(31.8%)
MAIN DESTINATION (August 2024)SingaporeMYR2.35M

This section shows Root Vegetables'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 Root Vegetables over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.35M
IMPORTS (2022)$50.9M
NET TRADE (2022)-$45.5M

In 2022, Malaysia exported $5.35M in Root Vegetables. The main destinations of Malaysia exports on Root Vegetables were Singapore ($4.78M), Brunei ($516k), Hong Kong ($36.1k), Indonesia ($11.2k), and Vietnam ($2.94k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Root Vegetables EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Brunei$83.8k (19.4%)
Indonesia$11.2k (1%)
Vietnam$321 (12.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Root Vegetables BY Malaysia WERE (2021 - 2022):
Singapore-$343k (-6.69%)
Saudi Arabia-$14.9k (-100%)
Hong Kong-$6.12k (-14.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Root Vegetables were:
China $455M
Netherlands $284M
United States $150M
In 2022, Malaysia's main importing competitors in Root Vegetables were:
Germany $235M
United States $235M
Canada $150M

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Trade Value of Root Vegetables by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $28k
TOP IMPORT POTENTIALUnited States+ $436k

Root Vegetables’s highest export potential is Hong Kong. With an export gap of $28k.   Root Vegetables’s highest import potential is United States with an import gap of $436k.

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