Export Food From Malaysia 2026 Market Overview & Trends

Malaysia's export performance shows a recovery in 2024, with values reaching $28.59 billion, up from $25.12 billion in 2023. While export values peaked in 2022 at $31.67 billion, the current trend indicates a positive rebound. Notably, 2024 saw a significant increase in quantity to 26.83 billion units, suggesting strengthening demand compared to the previous year.

In 2024, India led as the top destination for Malaysian exports with a value of $2.82 billion. Singapore ($2.66B) and China ($2.60B) followed closely, highlighting Malaysia's strong trade reliance on Asian markets. Japan and the Philippines also represent key regional partners, each contributing over $1.2 billion in import value.

The United States and Kenya are the fastest-growing emerging markets, with growth rates of 46.25% and 43.31% respectively. The Netherlands also shows strong momentum at 38.60%. This high growth across North America, Africa, and Europe indicates a successful diversification of Malaysia's export base beyond its traditional regional trading partners.

Refined Palm Oil dominates the export landscape, valued at $10.25 billion in 2024. Crude Palm Oil follows at $3.29 billion, while hydrogenated castor oil ($1.74B) and cocoa butter ($1.19B) also contribute significantly. This data confirms that vegetable oils and fats remain the primary drivers of Malaysia's food-based export economy.