Borates in Malaysia | The Observatory of Economic Complexity

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Exports In 2018, Malaysia exported $4.67M in Borates, making it the 18th largest exporter of Borates in the world. At the same year, Borates was the 755th most exported product in Malaysia. The main destination of Borates exports from Malaysia are: Thailand ($1.43M), Australia ($803k), Vietnam ($678k), New Zealand ($370k), and Papua New Guinea ($323k).

The fastest growing export markets for Borates of Malaysia between 2021 and 2022 were Singapore ($217k), Philippines ($127k), and Papua New Guinea ($111k).

Imports In 2022, Malaysia imported $30.6M in Borates, becoming the 8th largest importer of Borates in the world. At the same year, Borates was the 618th most imported product in Malaysia. Malaysia imports Borates primarily from: United States ($15M), Turkey ($13.6M), China ($763k), India ($186k), and Argentina ($145k).

The fastest growing import markets in Borates for Malaysia between 2021 and 2022 were Turkey ($4.72M), China ($251k), and India ($184k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Borates exports accounted up to MYR1.03M and imports accounted up to MYR17.9M, resulting in a negative trade balance of MYR16.9M. Between June 2023 and June 2024 the exports of Malaysia's Borates have decreased by MYR-3.23M (-75.8%) from MYR4.26M to MYR1.03M, while imports increased by MYR8.24M (85.5%) from MYR9.64M to MYR17.9M.

Destinations In June 2024, Borates were exported mostly to Thailand (MYR302k), Philippines (MYR264k), Australia (MYR175k), Jordan (MYR169k), and United Arab Emirates (MYR113k), and were imported mostly from United States (MYR8.53M), Vietnam (MYR1.63M), China (MYR1.51M), Australia (MYR38k), and Chinese Taipei (MYR22.7k).

Growth In June 2024, the decrease in Borates's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Borates's year-by-year imports was explained primarily by an increase in imports from United States (MYR151k or 27.7%) and Germany (MYR11.7k or 19.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR-3.23M(-75.8%)

IMPORT GROWTH (June 2023 - June 2024)MYR8.24M(85.5%)

MAIN DESTINATION (June 2024)ThailandMYR302k

This section shows Borates'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 Borates over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.67M

IMPORTS (2022)$30.6M

NET TRADE (2022)-$26M

In 2022, Malaysia exported $4.67M in Borates. The main destinations of Malaysia exports on Borates were Thailand ($1.43M), Australia ($803k), Vietnam ($678k), New Zealand ($370k), and Papua New Guinea ($323k).

In 2022, Malaysia imported $30.6M in Borates, mainly from United States ($15M), Turkey ($13.6M), China ($763k), India ($186k), and Argentina ($145k).

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