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2022
Exports $17.5MWorld Rnk 39 / 175
Flag Rnk 550 / 1198
2022
Destination $429k Singapore
2021 - 2022
FASTEST GROWING MARKET $429kPhilippines
2022
PRODUCT COMPLEXITY IN Soups and Broths-0.5Rnk 704 / 1025
2022
Imports $8.89MWorld Rnk 71 / 223
Flag Rnk 847 / 1203
2022
Origin $1.12M China
2021 - 2022
FASTEST GROWING ORIGIN $1.12MJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $17.5M in Soups and Broths, making it the 39th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 550th most exported product in Malaysia. The main destination of Soups and Broths exports from Malaysia are: Singapore ($6.75M), South Korea ($3.81M), Bangladesh ($1.96M), Philippines ($971k), and Qatar ($601k).

The fastest growing export markets for Soups and Broths of Malaysia between 2021 and 2022 were Philippines ($429k), Singapore ($401k), and South Korea ($361k).

Imports In 2022, Malaysia imported $8.89M in Soups and Broths, becoming the 71st largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 847th most imported product in Malaysia. Malaysia imports Soups and Broths primarily from: China ($2.74M), Japan ($1.85M), Thailand ($1.4M), Chinese Taipei ($1.15M), and United Kingdom ($443k).

The fastest growing import markets in Soups and Broths for Malaysia between 2021 and 2022 were Japan ($1.12M), Chinese Taipei ($132k), and Australia ($97k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Soups and Broths exports accounted up to MYR7.22M and imports accounted up to MYR2.86M, resulting in a positive trade balance of MYR4.37M. Between June 2023 and June 2024 the exports of Malaysia's   Soups and Broths have increased by MYR23k (0.32%) from MYR7.2M to MYR7.22M, while imports increased by MYR957k (50.4%) from MYR1.9M to MYR2.86M.

Destinations In June 2024, Soups and Broths were exported mostly to Singapore (MYR3.2M), Bangladesh (MYR1.35M), South Korea (MYR1.03M), Philippines (MYR510k), and Brunei (MYR469k), and were imported mostly from Japan (MYR721k), Spain (MYR686k), Thailand (MYR481k), Australia (MYR381k), and China (MYR337k).

Growth In June 2024, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (MYR237k or 152%), Singapore (MYR224k or 15.4%), and Hong Kong (MYR59.3k or 27.3%). In June 2024, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from United Kingdom (MYR381k or 333%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR23k(0.32%)
IMPORT GROWTH (June 2023 - June 2024)MYR957k(50.4%)
MAIN DESTINATION (June 2024)SingaporeMYR3.2M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.5M
IMPORTS (2022)$8.89M
NET TRADE (2022)$8.6M

In 2022, Malaysia exported $17.5M in Soups and Broths. The main destinations of Malaysia exports on Soups and Broths were Singapore ($6.75M), South Korea ($3.81M), Bangladesh ($1.96M), Philippines ($971k), and Qatar ($601k).

In 2022, Malaysia imported $8.89M in Soups and Broths, mainly from China ($2.74M), Japan ($1.85M), Thailand ($1.4M), Chinese Taipei ($1.15M), and United Kingdom ($443k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$429k (79.2%)
Singapore$401k (6.32%)
South Korea$361k (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Malaysia WERE (2021 - 2022):
Hong Kong-$2.11M (-78.7%)
Bangladesh-$741k (-27.4%)
Brunei-$715k (-61.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Soups and Broths were:
United States $701M
Germany $209M
Canada $195M
In 2022, Malaysia's main importing competitors in Soups and Broths were:
United States $398M
Mexico $342M
Canada $302M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $530k
TOP IMPORT POTENTIALThailand+ $514k

Soups and Broths’s highest export potential is United States. With an export gap of $530k.   Soups and Broths’s highest import potential is Thailand with an import gap of $514k.

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