Fermented Milk Products in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $14.1M in Fermented Milk Products, making it the 47th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 579th most exported product in Malaysia. The main destination of Fermented Milk Products exports from Malaysia are: Singapore ($6.82M), Oman ($2.93M), Brunei ($1.14M), Philippines ($804k), and Australia ($470k).

The fastest growing export markets for Fermented Milk Products of Malaysia between 2021 and 2022 were Oman ($1.56M), Kuwait ($417k), and Australia ($353k).

Imports In 2022, Malaysia imported $52.4M in Fermented Milk Products, becoming the 26th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 505th most imported product in Malaysia. Malaysia imports Fermented Milk Products primarily from: New Zealand ($16.8M), Germany ($9.25M), Australia ($3.57M), Ireland ($3.01M), and Belarus ($2.98M).

The fastest growing import markets in Fermented Milk Products for Malaysia between 2021 and 2022 were New Zealand ($6.41M), Germany ($2.9M), and Netherlands ($2.58M).

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Fermented Milk Products exports accounted up to MYR6.06M and imports accounted up to MYR12.6M, resulting in a negative trade balance of MYR6.5M. Between September 2019 and September 2020 the exports of Malaysia's Fermented Milk Products have increased by MYR3.51M (138%) from MYR2.54M to MYR6.06M, while imports decreased by MYR-3.6M (-22.3%) from MYR16.2M to MYR12.6M.

Destinations In September 2020, Fermented Milk Products were exported mostly to Philippines (MYR3.07M), Singapore (MYR2.74M), Brunei (MYR226k), and United Arab Emirates (MYR15k), and were imported mostly from Germany (MYR3.26M), New Zealand (MYR2.79M), Australia (MYR2.63M), Ireland (MYR1.03M), and Switzerland (MYR756k).

Growth In September 2020, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR318k or 13.4%). In September 2020, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from New Zealand (MYR-5.8M or -63.7%), Belgium (MYR-2.03M or -90.6%), and Chinese Taipei (MYR-498k or -98.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR3.51M(138%)

IMPORT GROWTH (September 2019 - September 2020)MYR-3.6M(-22.3%)

MAIN DESTINATION (September 2020)PhilippinesMYR3.07M

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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