# Find broader trade partners and diversify export markets

> Malaysian economists said oil price volatility, Middle East geopolitical risk and the US-China trade war justify diversifying Malaysia's export markets. They argued the ringgit has weakened more than it should because of the renminbi's depreciation. Malaysia is heavily exposed to China and India as export markets.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62792-find-broader-trade-partners-and-diversify-export-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Heavy reliance on China and India for palm oil and electronics exports makes Malaysian trade vulnerable to demand shocks in those markets, which can weigh on palm oil demand and prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -1.1% | -4.5% |
| PALMOIL | 2022-10-11 | [DATA DIVE - How Indonesia's export ban affected its own, and Malaysia's, shipments - Grain Price News](https://feedsoft.ai/events/15787-data-dive-how-indonesia-s-export-ban-affected-its-own-and-malaysia-s-shipments.md) | -1.3% | +14.2% |
| PALMOIL | 2024-12-17 | [Palm Oil Demand Steady Amid Indonesia’s B40 Mandate and Export Levy Adjustments – MPOC](https://feedsoft.ai/events/15600-palm-oil-demand-steady-amid-indonesia-s-b40-mandate-and-export-levy-adjustments.md) | -2.4% | -12.4% |
| PALMOIL | 2022-09-23 | [Zuraida: Extension of Indonesia’s export levy waiver won’t impact demand for Malaysia’s crude palm oil \| Malay Mail](https://feedsoft.ai/events/15792-zuraida-extension-of-indonesia-s-export-levy-waiver-won-t-impact-demand-for.md) | -3.0% | -1.2% |
| PALMOIL | 2021-05-27 | [If the EU is Serious About a Partnership with ASEAN, We Must Stop Erecting Trade Barriers — CSPO](https://feedsoft.ai/events/47107-if-the-eu-is-serious-about-a-partnership-with-asean-we-must-stop-erecting-trade.md) | -1.6% | -13.2% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/10/424607/find-broader-trade-partners-and-diversify-export-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.