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2022
Exports $216MWorld Rnk 18 / 202
Flag Rnk 175 / 1198
2022
Destination $4.94M Singapore
2021 - 2022
FASTEST GROWING MARKET $4.94MIndonesia
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.62Rnk 736 / 1025
2022
Imports $320MWorld Rnk 11 / 225
Flag Rnk 156 / 1203
2022
Origin $9.35M China
2021 - 2022
FASTEST GROWING ORIGIN $9.35MThailand
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $216M in Sauces and Seasonings, making it the 18th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 175th most exported product in Malaysia. The main destination of Sauces and Seasonings exports from Malaysia are: Singapore ($60.7M), Indonesia ($27.4M), Australia ($13.3M), Vietnam ($12.8M), and Philippines ($12.8M).

The fastest growing export markets for Sauces and Seasonings of Malaysia between 2021 and 2022 were Indonesia ($4.94M), Vietnam ($3.82M), and Philippines ($3.05M).

Imports In 2022, Malaysia imported $320M in Sauces and Seasonings, becoming the 11th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 156th most imported product in Malaysia. Malaysia imports Sauces and Seasonings primarily from: China ($191M), Thailand ($54.7M), Indonesia ($14.8M), Singapore ($13.9M), and Philippines ($8.61M).

The fastest growing import markets in Sauces and Seasonings for Malaysia between 2021 and 2022 were Thailand ($9.35M), Indonesia ($2.41M), and South Korea ($1.26M).

COMPANIES In 2023, leading companies such as HP Inc (3) and Walong Marketing (1) were at the forefront of shipping Sauces and Seasonings from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Sauces and Seasonings exports accounted up to MYR89.3M and imports accounted up to MYR68.3M, resulting in a positive trade balance of MYR21M. Between June 2023 and June 2024 the exports of Malaysia's   Sauces and Seasonings have increased by MYR1.07M (1.22%) from MYR88.2M to MYR89.3M, while imports increased by MYR7.49M (12.3%) from MYR60.8M to MYR68.3M.

Destinations In June 2024, Sauces and Seasonings were exported mostly to Singapore (MYR26.8M), Indonesia (MYR11.8M), Australia (MYR7.37M), Philippines (MYR5.09M), and United Kingdom (MYR4.9M), and were imported mostly from Thailand (MYR21.6M), China (MYR14.6M), Indonesia (MYR12M), Singapore (MYR3.37M), and South Korea (MYR3.06M).

Growth In June 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to Bangladesh (MYR2.27M or 699%), Indonesia (MYR1.63M or 16.5%), and Vietnam (MYR1.35M or 55.7%). In June 2024, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from United States (MYR1.19M or 73.7%), Germany (MYR660k or 11k%), and India (MYR442k or 94.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR1.07M(1.22%)
IMPORT GROWTH (June 2023 - June 2024)MYR7.49M(12.3%)
MAIN DESTINATION (June 2024)SingaporeMYR26.8M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$216M
IMPORTS (2022)$320M
NET TRADE (2022)-$104M

In 2022, Malaysia exported $216M in Sauces and Seasonings. The main destinations of Malaysia exports on Sauces and Seasonings were Singapore ($60.7M), Indonesia ($27.4M), Australia ($13.3M), Vietnam ($12.8M), and Philippines ($12.8M).

In 2022, Malaysia imported $320M in Sauces and Seasonings, mainly from China ($191M), Thailand ($54.7M), Indonesia ($14.8M), Singapore ($13.9M), and Philippines ($8.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$4.94M (22%)
Vietnam$3.82M (42.4%)
Philippines$3.05M (31.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Malaysia WERE (2021 - 2022):
Brunei-$1.89M (-15%)
South Korea-$1.79M (-38.5%)
China-$1.66M (-18.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Sauces and Seasonings were:
United States $2.15B
China $2.05B
Italy $1.54B
In 2022, Malaysia's main importing competitors in Sauces and Seasonings were:
United States $2.23B
United Kingdom $1.01B
France $968M

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.62M
TOP IMPORT POTENTIALThailand+ $11.9M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $6.62M.   Sauces and Seasonings’s highest import potential is Thailand with an import gap of $11.9M.

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