Industrial Fatty Acids, Oils and Alcohols in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $1.9B in Industrial Fatty Acids, Oils and Alcohols, making it the 14th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 22nd most exported product in Malaysia. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Malaysia are: Netherlands ($517M), China ($230M), Germany ($115M), United Kingdom ($115M), and India ($109M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Malaysia between 2021 and 2022 were Netherlands ($166M), United Kingdom ($74.1M), and Germany ($70M).

Imports In 2022, Malaysia imported $1.16B in Industrial Fatty Acids, Oils and Alcohols, becoming the 20th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 38th most imported product in Malaysia. Malaysia imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($728M), Indonesia ($96M), Japan ($83.3M), United States ($51.4M), and Singapore ($36.7M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Malaysia between 2021 and 2022 were China ($523M), Indonesia ($42.2M), and United Arab Emirates ($6.78M).

Latest Trends

June 2024

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Overview In June 2024 Malaysia's Industrial Fatty Acids, Oils and Alcohols exports accounted up to MYR1.13B and imports accounted up to MYR520M, resulting in a positive trade balance of MYR610M. Between June 2023 and June 2024 the exports of Malaysia's Industrial Fatty Acids, Oils and Alcohols have increased by MYR162M (16.8%) from MYR968M to MYR1.13B, while imports increased by MYR153M (41.8%) from MYR367M to MYR520M.

Destinations In June 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Netherlands (MYR228M), China (MYR164M), Spain (MYR138M), India (MYR99.5M), and Singapore (MYR98.9M), and were imported mostly from Indonesia (MYR505M), Japan (MYR2.18M), China (MYR2.1M), Sweden (MYR1.96M), and Singapore (MYR1.65M).

Growth In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Australia (MYR25.8M or 509%), Singapore (MYR17.4M or 19.8%), and Netherlands (MYR16M or 9.7%). In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR132M or 48.7%), India (MYR11.5M or 129%), and Sweden (MYR1.01M or 130%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR162M(16.8%)

IMPORT GROWTH (June 2023 - June 2024)MYR153M(41.8%)

MAIN DESTINATION (June 2024)NetherlandsMYR228M

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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