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2022
Exports $431MWorld Rnk 19 / 219
Flag Rnk 109 / 1198
2022
Destination $62.6M Russia
2021 - 2022
FASTEST GROWING MARKET $62.6MRussia
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $484MWorld Rnk 23 / 220
Flag Rnk 112 / 1203
2022
Origin $59.3M China
2021 - 2022
FASTEST GROWING ORIGIN $59.3MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $431M in Ball Bearings, making it the 19th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 109th most exported product in Malaysia. The main destination of Ball Bearings exports from Malaysia are: Russia ($120M), China ($68M), Singapore ($45.2M), Thailand ($22.5M), and Belgium ($22.4M).

The fastest growing export markets for Ball Bearings of Malaysia between 2021 and 2022 were Russia ($62.6M), China ($28.1M), and Belgium ($12.3M).

Imports In 2022, Malaysia imported $484M in Ball Bearings, becoming the 23rd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 112th most imported product in Malaysia. Malaysia imports Ball Bearings primarily from: China ($219M), Singapore ($63.1M), Japan ($49.1M), Germany ($34.2M), and Sweden ($29.2M).

The fastest growing import markets in Ball Bearings for Malaysia between 2021 and 2022 were China ($59.3M), Germany ($8.47M), and Belgium ($5.79M).

COMPANIES In 2023, leading companies such as SKF Group (31) were at the forefront of shipping Ball Bearings from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Ball Bearings exports accounted up to MYR200M and imports accounted up to MYR215M, resulting in a negative trade balance of MYR14.5M. Between August 2023 and August 2024 the exports of Malaysia's   Ball Bearings have increased by MYR56.9M (39.7%) from MYR143M to MYR200M, while imports increased by MYR32.8M (18%) from MYR182M to MYR215M.

Destinations In August 2024, Ball Bearings were exported mostly to Russia (MYR96.3M), Thailand (MYR19.8M), India (MYR12.4M), Singapore (MYR12.3M), and Belgium (MYR9.65M), and were imported mostly from China (MYR84.8M), Singapore (MYR26.5M), Japan (MYR21.3M), United States (MYR21M), and Germany (MYR17M).

Growth In August 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Russia (MYR20.9M or 61%), Belgium (MYR4.3M or 95.2%), and Brazil (MYR1.99M or 516%). In August 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from Belgium (MYR4.11M or 95.8%), Indonesia (MYR1.64M or 162%), and France (MYR1.21M or 461%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR56.9M(39.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR32.8M(18%)
MAIN DESTINATION (August 2024)RussiaMYR96.3M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$431M
IMPORTS (2022)$484M
NET TRADE (2022)-$52.8M

In 2022, Malaysia exported $431M in Ball Bearings. The main destinations of Malaysia exports on Ball Bearings were Russia ($120M), China ($68M), Singapore ($45.2M), Thailand ($22.5M), and Belgium ($22.4M).

In 2022, Malaysia imported $484M in Ball Bearings, mainly from China ($219M), Singapore ($63.1M), Japan ($49.1M), Germany ($34.2M), and Sweden ($29.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Russia$62.6M (109%)
China$28.1M (70.3%)
Belgium$12.3M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Malaysia WERE (2021 - 2022):
Singapore-$30.9M (-40.6%)
Lithuania-$3.72M (-66.3%)
Belarus-$1.05M (-64.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Malaysia's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $31.3M
TOP IMPORT POTENTIALChina+ $20.5M

Ball Bearings’s highest export potential is China. With an export gap of $31.3M.   Ball Bearings’s highest import potential is China with an import gap of $20.5M.

See methodology.

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