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2022
Exports $1.62MWorld Rnk 62 / 121
Flag Rnk 897 / 1198
2022
Destination $110 Thailand
2021 - 2022
FASTEST GROWING MARKET $110Portugal
2022
PRODUCT COMPLEXITY IN Bovine Meat-0.66Rnk 747 / 1025
2022
Imports $44.3MWorld Rnk 48 / 204
Flag Rnk 539 / 1203
2022
Origin $7.95M Australia
2021 - 2022
FASTEST GROWING ORIGIN $7.95MAustralia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.62M in Bovine Meat, making it the 62nd largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 897th most exported product in Malaysia. The main destination of Bovine Meat exports from Malaysia are: Thailand ($1.62M) and Portugal ($110).

The fastest growing export markets for Bovine Meat of Malaysia between 2021 and 2022 were Portugal ($110).

Imports In 2022, Malaysia imported $44.3M in Bovine Meat, becoming the 48th largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 539th most imported product in Malaysia. Malaysia imports Bovine Meat primarily from: Australia ($34.2M), Japan ($7.48M), Argentina ($1.22M), New Zealand ($474k), and United States ($385k).

The fastest growing import markets in Bovine Meat for Malaysia between 2021 and 2022 were Australia ($7.95M), Argentina ($221k), and Japan ($99.9k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Bovine Meat exports accounted up to MYR486k and imports accounted up to MYR16.3M, resulting in a negative trade balance of MYR15.8M. Between June 2023 and June 2024 the exports of Malaysia's   Bovine Meat have decreased by MYR-486k (-50%) from MYR972k to MYR486k, while imports increased by MYR2.17M (15.4%) from MYR14.1M to MYR16.3M.

Destinations In June 2024, Bovine Meat were exported mostly to Thailand (MYR486k), and were imported mostly from Australia (MYR12.1M), Japan (MYR3.51M), and Argentina (MYR714k).

Growth In June 2024, the decrease in Bovine Meat's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-49.4k or -6.22%). In June 2024, the increase in Bovine Meat's year-by-year imports was explained primarily by an increase in imports from Australia (MYR1.91M or 21.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-486k(-50%)
IMPORT GROWTH (June 2023 - June 2024)MYR2.17M(15.4%)
MAIN DESTINATION (June 2024)ThailandMYR486k

This section shows Bovine Meat'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 Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.62M
IMPORTS (2022)$44.3M
NET TRADE (2022)-$42.6M

In 2022, Malaysia exported $1.62M in Bovine Meat. The main destinations of Malaysia exports on Bovine Meat were Thailand ($1.62M) and Portugal ($110).

In 2022, Malaysia imported $44.3M in Bovine Meat, mainly from Australia ($34.2M), Japan ($7.48M), Argentina ($1.22M), New Zealand ($474k), and United States ($385k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):Portugal$110 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY Malaysia WERE (2021 - 2022):
Maldives-$909k (-100%)
Thailand-$358k (-18.1%)
New Zealand-$3.07k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Bovine Meat were:
United States $4.32B
Netherlands $2.86B
Australia $2.72B
In 2022, Malaysia's main importing competitors in Bovine Meat were:
United States $4.85B
Germany $2.36B
Netherlands $2.18B

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Trade Value of Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.82k
TOP IMPORT POTENTIALArgentina+ $1.1M

Bovine Meat’s highest export potential is United States. With an export gap of $2.82k.   Bovine Meat’s highest import potential is Argentina with an import gap of $1.1M.

See methodology.

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