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2022
Exports $138MWorld Rnk 26 / 175
Flag Rnk 238 / 1198
2022
Destination $4.17M China
2021 - 2022
FASTEST GROWING MARKET $4.17MTurkey
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $960MWorld Rnk 6 / 224
Flag Rnk 53 / 1203
2022
Origin $340M China
2021 - 2022
FASTEST GROWING ORIGIN $340MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $138M in Processed Crustaceans, making it the 26th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 238th most exported product in Malaysia. The main destination of Processed Crustaceans exports from Malaysia are: China ($43.4M), Singapore ($32.8M), Australia ($13.6M), United Kingdom ($6.86M), and Hong Kong ($6.84M).

The fastest growing export markets for Processed Crustaceans of Malaysia between 2021 and 2022 were Turkey ($4.17M), Australia ($2.21M), and United States ($490k).

Imports In 2022, Malaysia imported $960M in Processed Crustaceans, becoming the 6th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 53rd most imported product in Malaysia. Malaysia imports Processed Crustaceans primarily from: China ($846M), Indonesia ($26.3M), Thailand ($19.6M), Hong Kong ($8.73M), and Burma ($8.3M).

The fastest growing import markets in Processed Crustaceans for Malaysia between 2021 and 2022 were China ($340M), Indonesia ($7.47M), and Hong Kong ($4.63M).

COMPANIES In 2023, leading companies such as Lawrence Wholesale (6) were at the forefront of shipping Processed Crustaceans from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Processed Crustaceans exports accounted up to MYR25.6M and imports accounted up to MYR25.9M, resulting in a negative trade balance of MYR227k. Between August 2023 and August 2024 the exports of Malaysia's   Processed Crustaceans have increased by MYR8.03M (45.6%) from MYR17.6M to MYR25.6M, while imports increased by MYR5.73M (28.4%) from MYR20.1M to MYR25.9M.

Destinations In August 2024, Processed Crustaceans were exported mostly to China (MYR7.08M), Australia (MYR5.98M), United Kingdom (MYR4.99M), Singapore (MYR4.52M), and United States (MYR694k), and were imported mostly from China (MYR15.8M), Singapore (MYR2.28M), Vietnam (MYR2.08M), Indonesia (MYR1.98M), and Chinese Taipei (MYR898k).

Growth In August 2024, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to China (MYR11.6M or 25.3k%), Australia (MYR781k or 44.2%), and Ireland (MYR82.8k or 28.1%). In August 2024, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from Chile (MYR209k or 28.7%), Thailand (MYR186k or 72.5%), and Hong Kong (MYR97.4k or 448%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR8.03M(45.6%)
IMPORT GROWTH (August 2023 - August 2024)MYR5.73M(28.4%)
MAIN DESTINATION (August 2024)ChinaMYR7.08M

This section shows Processed 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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$138M
IMPORTS (2022)$960M
NET TRADE (2022)-$822M

In 2022, Malaysia exported $138M in Processed Crustaceans. The main destinations of Malaysia exports on Processed Crustaceans were China ($43.4M), Singapore ($32.8M), Australia ($13.6M), United Kingdom ($6.86M), and Hong Kong ($6.84M).

In 2022, Malaysia imported $960M in Processed Crustaceans, mainly from China ($846M), Indonesia ($26.3M), Thailand ($19.6M), Hong Kong ($8.73M), and Burma ($8.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Turkey$4.17M (528%)
Australia$2.21M (19.4%)
United States$490k (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Malaysia WERE (2021 - 2022):
China-$11.5M (-21%)
Hong Kong-$6.13M (-47.3%)
Philippines-$2.29M (-89.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Malaysia's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.52M
TOP IMPORT POTENTIALVietnam+ $5.71M

Processed Crustaceans’s highest export potential is China. With an export gap of $3.52M.   Processed Crustaceans’s highest import potential is Vietnam with an import gap of $5.71M.

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