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2022
Exports $247MWorld Rnk 21 / 169
Flag Rnk 156 / 1198
2022
Destination $14.9M China
2021 - 2022
FASTEST GROWING MARKET $14.9MChinese Taipei
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $155MWorld Rnk 23 / 217
Flag Rnk 275 / 1203
2022
Origin $27.5M India
2021 - 2022
FASTEST GROWING ORIGIN $27.5MIndia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $247M in Crustaceans, making it the 21st largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 156th most exported product in Malaysia. The main destination of Crustaceans exports from Malaysia are: China ($56.9M), Chinese Taipei ($48.2M), South Korea ($41M), Singapore ($33.2M), and Turkey ($27.3M).

The fastest growing export markets for Crustaceans of Malaysia between 2021 and 2022 were Chinese Taipei ($14.9M), Turkey ($13.3M), and Australia ($2.4M).

Imports In 2022, Malaysia imported $155M in Crustaceans, becoming the 23rd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 275th most imported product in Malaysia. Malaysia imports Crustaceans primarily from: India ($43.2M), Ecuador ($32.2M), Indonesia ($16.8M), China ($9.54M), and Pakistan ($7.78M).

The fastest growing import markets in Crustaceans for Malaysia between 2021 and 2022 were India ($27.5M), Ecuador ($17.1M), and Indonesia ($7.72M).

COMPANIES In 2023, leading companies such as Lawrence Wholesale (8), Coaster Fine Furniture (3), and Chicken of the Sea (2) were at the forefront of shipping Crustaceans from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Crustaceans exports accounted up to MYR63.5M and imports accounted up to MYR54.5M, resulting in a positive trade balance of MYR9.02M. Between June 2023 and June 2024 the exports of Malaysia's   Crustaceans have decreased by MYR-56M (-46.8%) from MYR120M to MYR63.5M, while imports decreased by MYR-14M (-20.5%) from MYR68.6M to MYR54.5M.

Destinations In June 2024, Crustaceans were exported mostly to Singapore (MYR15.5M), Chinese Taipei (MYR10.8M), China (MYR9.43M), South Korea (MYR8.32M), and Japan (MYR4.74M), and were imported mostly from India (MYR14.9M), Ecuador (MYR9.09M), Thailand (MYR8.29M), China (MYR8.02M), and Indonesia (MYR6.18M).

Growth In June 2024, the decrease in Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei (MYR-6.39M or -47.9%), Australia (MYR-4.56M or -67.8%), and South Korea (MYR-3.39M or -27%). In June 2024, the decrease in Crustaceans's year-by-year imports was explained primarily by a decrease in imports from China (MYR-6.9M or -39.2%), Vietnam (MYR-2.57M or -58%), and Pakistan (MYR-1.47M or -36.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-56M(-46.8%)
IMPORT GROWTH (June 2023 - June 2024)MYR-14M(-20.5%)
MAIN DESTINATION (June 2024)SingaporeMYR15.5M

This section shows Crustaceans'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 Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$247M
IMPORTS (2022)$155M
NET TRADE (2022)$92.5M

In 2022, Malaysia exported $247M in Crustaceans. The main destinations of Malaysia exports on Crustaceans were China ($56.9M), Chinese Taipei ($48.2M), South Korea ($41M), Singapore ($33.2M), and Turkey ($27.3M).

In 2022, Malaysia imported $155M in Crustaceans, mainly from India ($43.2M), Ecuador ($32.2M), Indonesia ($16.8M), China ($9.54M), and Pakistan ($7.78M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chinese Taipei$14.9M (44.6%)
Turkey$13.3M (94.4%)
Australia$2.4M (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Malaysia WERE (2021 - 2022):
China-$18.3M (-24.3%)
Hong Kong-$5.07M (-58.9%)
Japan-$4.18M (-24%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Malaysia's main importing competitors in Crustaceans were:
United States $9.1B
China $8.72B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $47.2M
TOP IMPORT POTENTIALIndonesia+ $21.3M

Crustaceans’s highest export potential is China. With an export gap of $47.2M.   Crustaceans’s highest import potential is Indonesia with an import gap of $21.3M.

See methodology.

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