Soap in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $560M in Soap, making it the 4th largest exporter of Soap in the world. At the same year, Soap was the 90th most exported product in Malaysia. The main destination of Soap exports from Malaysia are: Turkey ($70.8M), Philippines ($45M), Iraq ($39.7M), United Arab Emirates ($30.2M), and India ($29.2M).

The fastest growing export markets for Soap of Malaysia between 2021 and 2022 were Turkey ($20.8M), Philippines ($16.2M), and Iraq ($11.5M).

Imports In 2022, Malaysia imported $86.8M in Soap, becoming the 24th largest importer of Soap in the world. At the same year, Soap was the 395th most imported product in Malaysia. Malaysia imports Soap primarily from: Indonesia ($37.2M), China ($24.7M), Thailand ($7M), Singapore ($5.86M), and United States ($4.09M).

The fastest growing import markets in Soap for Malaysia between 2021 and 2022 were China ($14M), Thailand ($606k), and Japan ($236k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Soap exports accounted up to MYR205M and imports accounted up to MYR57.3M, resulting in a positive trade balance of MYR147M. Between June 2023 and June 2024 the exports of Malaysia's Soap have increased by MYR15.2M (8.01%) from MYR189M to MYR205M, while imports increased by MYR4.76M (9.06%) from MYR52.5M to MYR57.3M.

Destinations In June 2024, Soap were exported mostly to Iraq (MYR20.5M), Philippines (MYR17.7M), Indonesia (MYR12.8M), India (MYR12.6M), and Japan (MYR8.29M), and were imported mostly from Indonesia (MYR11.6M), China (MYR10.8M), Singapore (MYR7.18M), Thailand (MYR6.04M), and United States (MYR5.06M).

Growth In June 2024, the increase in Soap's year-by-year exports was explained primarily by an increase in exports to Egypt (MYR6.99M or 211%), Poland (MYR4.62M or 300%), and Turkey (MYR3.41M or 13.1%). In June 2024, the increase in Soap's year-by-year imports was explained primarily by an increase in imports from Canada (MYR2.63M or 152%), India (MYR1.2M or 219%), and Thailand (MYR1.08M or 21.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR15.2M(8.01%)

IMPORT GROWTH (June 2023 - June 2024)MYR4.76M(9.06%)

MAIN DESTINATION (June 2024)IraqMYR20.5M

This section shows Soap'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 Soap over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$560M

IMPORTS (2022)$86.8M

NET TRADE (2022)$473M

In 2022, Malaysia exported $560M in Soap. The main destinations of Malaysia exports on Soap were Turkey ($70.8M), Philippines ($45M), Iraq ($39.7M), United Arab Emirates ($30.2M), and India ($29.2M).

In 2022, Malaysia imported $86.8M in Soap, mainly from Indonesia ($37.2M), China ($24.7M), Thailand ($7M), Singapore ($5.86M), and United States ($4.09M).

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