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2022
Exports $56.1kWorld Rnk 57 / 93
Flag Rnk 1119 / 1198
2022
Destination $8.01k Pakistan
2021 - 2022
FASTEST GROWING MARKET $8.01kPakistan
2022
Imports $1.21MWorld Rnk 31 / 178
Flag Rnk 1064 / 1203
2022
Origin $53.6k China
2021 - 2022
FASTEST GROWING ORIGIN $53.6kChinese Taipei
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $56.1k in Turpentine, making it the 57th largest exporter of Turpentine in the world. At the same year, Turpentine was the 1119th most exported product in Malaysia. The main destination of Turpentine exports from Malaysia are: Pakistan ($20.5k), Indonesia ($12.6k), Mauritius ($11.1k), Brunei ($8.2k), and Singapore ($3.75k).

The fastest growing export markets for Turpentine of Malaysia between 2021 and 2022 were Pakistan ($8.01k).

Imports In 2022, Malaysia imported $1.21M in Turpentine, becoming the 31st largest importer of Turpentine in the world. At the same year, Turpentine was the 1064th most imported product in Malaysia. Malaysia imports Turpentine primarily from: China ($864k), New Zealand ($90.3k), Japan ($77k), Chinese Taipei ($53.6k), and Vietnam ($50.1k).

The fastest growing import markets in Turpentine for Malaysia between 2021 and 2022 were Chinese Taipei ($53.6k), Vietnam ($47.8k), and Japan ($33k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Turpentine exports accounted up to MYR7.82k and imports accounted up to MYR238k, resulting in a negative trade balance of MYR230k. Between May 2023 and June 2024 the exports of Malaysia's   Turpentine have decreased by MYR-3.19k (-29%) from MYR11k to MYR7.82k, while imports decreased by MYR-140k (-37%) from MYR377k to MYR238k.

Destinations In June 2024, Turpentine were exported mostly to Indonesia (MYR6.72k) and Brunei (MYR1.1k), and were imported mostly from China (MYR191k), Vietnam (MYR46.9k), United States (MYR382), and Singapore (MYR12).

Growth In June 2024, the decrease in Turpentine's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Turpentine's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)MYR-3.19k(-29%)
IMPORT GROWTH (June 2023 - June 2024)MYR-140k(-37%)
MAIN DESTINATION (June 2024)IndonesiaMYR6.72k

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$56.1k
IMPORTS (2022)$1.21M
NET TRADE (2022)-$1.15M

In 2022, Malaysia exported $56.1k in Turpentine. The main destinations of Malaysia exports on Turpentine were Pakistan ($20.5k), Indonesia ($12.6k), Mauritius ($11.1k), Brunei ($8.2k), and Singapore ($3.75k).

In 2022, Malaysia imported $1.21M in Turpentine, mainly from China ($864k), New Zealand ($90.3k), Japan ($77k), Chinese Taipei ($53.6k), and Vietnam ($50.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):Pakistan$8.01k (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY Malaysia WERE (2021 - 2022):
Brunei-$28.2k (-77.5%)
New Caledonia-$14.7k (-100%)
Chinese Taipei-$11.1k (-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 Turpentine were:
Brazil $110M
Indonesia $70.8M
United States $54.8M
In 2022, Malaysia's main importing competitors in Turpentine were:
India $211M
France $85.6M
United States $46.7M

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $7.72k
TOP IMPORT POTENTIALVietnam+ $55.8k

Turpentine’s highest export potential is Indonesia. With an export gap of $7.72k.   Turpentine’s highest import potential is Vietnam with an import gap of $55.8k.

See methodology.

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