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2023
Exports $1.49BWorld Rnk 63 / 224
Flag Rnk 17 / 21
2023
Destination $83.7M Singapore
2022 - 2023
FASTEST GROWING MARKET $83.7MChina
2023
PRODUCT COMPLEXITY IN Vegetable Products0.81Rnk 248 / 1025
2023
Imports $6.58BWorld Rnk 24 / 226
Flag Rnk 9 / 21
2023
Origin $112M China
2022 - 2023
FASTEST GROWING ORIGIN $112MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.49B in Vegetable Products, making it the 63rd largest exporter of Vegetable Products in the world. At the same year, Vegetable Products was the 17th most exported product in Malaysia. The main destination of Vegetable Products exports from Malaysia are: Singapore ($454M), China ($341M), Japan ($190M), Thailand ($98M), and Brunei ($84M).

The fastest growing export markets for Vegetable Products of Malaysia between 2022 and 2023 were China ($83.7M), Indonesia ($26.5M), and Singapore ($22.8M).

Imports In 2023, Malaysia imported $6.58B in Vegetable Products, becoming the 24th largest importer of Vegetable Products in the world. At the same year, Vegetable Products was the 9th most imported product in Malaysia. Malaysia imports Vegetable Products primarily from: China ($1.2B), Argentina ($872M), India ($683M), Australia ($507M), and Thailand ($491M).

The fastest growing import markets in Vegetable Products for Malaysia between 2022 and 2023 were China ($112M), Thailand ($64.1M), and South Africa ($43.1M).

COMPANIES In 2023, leading companies such as Walong Marketing (30), Motorola (18), and Lollicup (1) were at the forefront of shipping Vegetable Products from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Vegetable Products exports accounted up to MYR457M and imports accounted up to MYR2.5B, resulting in a negative trade balance of MYR2.05B. Between November 2023 and November 2024 the exports of Malaysia's   Vegetable Products have decreased by MYR-151M (-24.9%) from MYR608M to MYR457M, while imports decreased by MYR-317M (-11.2%) from MYR2.82B to MYR2.5B.

Destinations In November 2024, Vegetable Products were exported mostly to Singapore (MYR152M), Japan (MYR74.7M), China (MYR67.6M), Thailand (MYR53M), and Australia (MYR13.1M), and were imported mostly from China (MYR634M), Argentina (MYR361M), Indonesia (MYR184M), India (MYR180M), and Brazil (MYR148M).

Growth In November 2024, the decrease in Vegetable Products's year-by-year exports was explained primarily by a decrease in exports to Australia (MYR-5.11M or -39.3%), United Kingdom (MYR-3.3M or -85.5%), and Pakistan (MYR-2.31M or -92.3%). In November 2024, the decrease in Vegetable Products's year-by-year imports was explained primarily by a decrease in imports from China (MYR-136M or -20.5%), United States (MYR-130M or -46.7%), and Australia (MYR-91.3M or -32.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-151M(-24.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR-317M(-11.2%)
MAIN DESTINATION (November 2024)SingaporeMYR152M

This section shows Vegetable Products'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 Vegetable Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.49B
IMPORTS (2023)$6.58B
NET TRADE (2023)-$5.09B

In 2023, Malaysia exported $1.49B in Vegetable Products. The main destinations of Malaysia exports on Vegetable Products were Singapore ($454M), China ($341M), Japan ($190M), Thailand ($98M), and Brunei ($84M).

In 2023, Malaysia imported $6.58B in Vegetable Products, mainly from China ($1.2B), Argentina ($872M), India ($683M), Australia ($507M), and Thailand ($491M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vegetable Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$83.7M (32.6%)
Indonesia$26.5M (89.3%)
Singapore$22.8M (5.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Products BY Malaysia WERE (2022 - 2023):
Nigeria-$42.3M (-99.5%)
Iran-$5.93M (-81.3%)
Australia-$5.73M (-15%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Vegetable Products were:
Brazil $80.6B
United States $76.8B
Canada $30.4B
In 2023, Malaysia's main importing competitors in Vegetable Products were:
China $110B
United States $62B
Germany $39.4B

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Trade Value of Vegetable Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.4M
TOP IMPORT POTENTIALThailand+ $85.9M

Vegetable Products’s highest export potential is United States. With an export gap of $22.4M.   Vegetable Products’s highest import potential is Thailand with an import gap of $85.9M.

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