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2022
Exports $2.42MWorld Rnk 15 / 99
Flag Rnk 847 / 1198
2022
Destination $671k Japan
2021 - 2022
FASTEST GROWING MARKET $671kJapan
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $4.46MWorld Rnk 12 / 185
Flag Rnk 953 / 1203
2022
Origin $251k China
2021 - 2022
FASTEST GROWING ORIGIN $251kUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.42M in Ground Nut Oil, making it the 15th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 847th most exported product in Malaysia. The main destination of Ground Nut Oil exports from Malaysia are: Japan ($982k), Singapore ($853k), New Zealand ($263k), Mauritania ($117k), and Australia ($112k).

The fastest growing export markets for Ground Nut Oil of Malaysia between 2021 and 2022 were Japan ($671k), Mauritania ($117k), and New Zealand ($58.9k).

Imports In 2022, Malaysia imported $4.46M in Ground Nut Oil, becoming the 12th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 953rd most imported product in Malaysia. Malaysia imports Ground Nut Oil primarily from: China ($2.85M), United States ($1.29M), Hong Kong ($123k), India ($77.2k), and Belgium ($71.9k).

The fastest growing import markets in Ground Nut Oil for Malaysia between 2021 and 2022 were United States ($251k), Belgium ($71.9k), and Denmark ($9.06k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Ground Nut Oil exports accounted up to MYR696k and imports accounted up to MYR1.5M, resulting in a negative trade balance of MYR808k. Between June 2023 and June 2024 the exports of Malaysia's   Ground Nut Oil have decreased by MYR-195k (-21.9%) from MYR891k to MYR696k, while imports increased by MYR511k (51.5%) from MYR993k to MYR1.5M.

Destinations In June 2024, Ground Nut Oil were exported mostly to Singapore (MYR588k), Australia (MYR62.4k), and Vietnam (MYR45.7k), and were imported mostly from United States (MYR747k), China (MYR372k), Hong Kong (MYR339k), India (MYR45.3k), and Slovakia (MYR427).

Growth In June 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-195k(-21.9%)
IMPORT GROWTH (June 2023 - June 2024)MYR511k(51.5%)
MAIN DESTINATION (June 2024)SingaporeMYR588k

This section shows Ground Nut Oil'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 Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.42M
IMPORTS (2022)$4.46M
NET TRADE (2022)-$2.04M

In 2022, Malaysia exported $2.42M in Ground Nut Oil. The main destinations of Malaysia exports on Ground Nut Oil were Japan ($982k), Singapore ($853k), New Zealand ($263k), Mauritania ($117k), and Australia ($112k).

In 2022, Malaysia imported $4.46M in Ground Nut Oil, mainly from China ($2.85M), United States ($1.29M), Hong Kong ($123k), India ($77.2k), and Belgium ($71.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$671k (216%)
Mauritania$117k (1%)
New Zealand$58.9k (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Malaysia WERE (2021 - 2022):
Singapore-$768k (-47.4%)
Hong Kong-$15.6k (-100%)
Vietnam-$10k (-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 Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Malaysia's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $6.34k
TOP IMPORT POTENTIALIndia+ $177k

Ground Nut Oil’s highest export potential is United Arab Emirates. With an export gap of $6.34k.   Ground Nut Oil’s highest import potential is India with an import gap of $177k.

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