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2023
Exports $60.7MWorld Rnk 30 / 151
Flag Rnk 333 / 1208
2023
Destination $28.7M Thailand
2022 - 2023
FASTEST GROWING MARKET $28.7MThailand
2023
PRODUCT COMPLEXITY IN Buses0.24Rnk 481 / 1025
2023
Imports $114MWorld Rnk 43 / 212
Flag Rnk 303 / 1211
2023
Origin $28.7M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $28.7MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $60.7M in Buses, making it the 30th largest exporter of Buses in the world. At the same year, Buses was the 333rd most exported product in Malaysia. The main destination of Buses exports from Malaysia are: Thailand ($28.7M), Singapore ($12.4M), Hong Kong ($10.8M), Australia ($6.74M), and Japan ($678k).

The fastest growing export markets for Buses of Malaysia between 2022 and 2023 were Thailand ($28.7M), Singapore ($2.15M), and Japan ($566k).

Imports In 2023, Malaysia imported $114M in Buses, becoming the 43rd largest importer of Buses in the world. At the same year, Buses was the 303rd most imported product in Malaysia. Malaysia imports Buses primarily from: South Korea ($49.4M), China ($48.9M), Singapore ($5.63M), Sweden ($5.5M), and Poland ($1.96M).

The fastest growing import markets in Buses for Malaysia between 2022 and 2023 were China ($28.7M), Singapore ($5.61M), and Sweden ($4.81M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Buses exports accounted up to MYR7.38M and imports accounted up to MYR24.8M, resulting in a negative trade balance of MYR17.4M. Between November 2023 and November 2024 the exports of Malaysia's   Buses have decreased by MYR-29.2M (-79.8%) from MYR36.5M to MYR7.38M, while imports increased by MYR1.42M (6.08%) from MYR23.4M to MYR24.8M.

Destinations In November 2024, Buses were exported mostly to Australia (MYR2.56M), Thailand (MYR2.39M), Singapore (MYR1.95M), Hong Kong (MYR364k), and Indonesia (MYR115k), and were imported mostly from China (MYR12.2M), Germany (MYR7.49M), Japan (MYR4.92M), and Thailand (MYR182k).

Growth In November 2024, the decrease in Buses's year-by-year exports was explained primarily by a decrease in exports to Australia (MYR-3.6M or -73.2%). In November 2024, the increase in Buses's year-by-year imports was explained primarily by an increase in imports from South Korea (MYR31.1M or 295%) and China (MYR3.85M or 103%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-29.2M(-79.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR1.42M(6.08%)
MAIN DESTINATION (November 2024)AustraliaMYR2.56M

This section shows Buses'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 Buses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$60.7M
IMPORTS (2023)$114M
NET TRADE (2023)-$53.5M

In 2023, Malaysia exported $60.7M in Buses. The main destinations of Malaysia exports on Buses were Thailand ($28.7M), Singapore ($12.4M), Hong Kong ($10.8M), Australia ($6.74M), and Japan ($678k).

In 2023, Malaysia imported $114M in Buses, mainly from South Korea ($49.4M), China ($48.9M), Singapore ($5.63M), Sweden ($5.5M), and Poland ($1.96M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Thailand$28.7M (135k%)
Singapore$2.15M (21.1%)
Japan$566k (506%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Malaysia WERE (2022 - 2023):
Hong Kong-$6.51M (-37.5%)
United States-$2.76M (-93.4%)
Australia-$2.31M (-25.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Malaysia's main importing competitors in Buses were:
Germany $1.37B
Italy $1.34B
United States $1.17B

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALChina+ $8.09M

Buses’s highest export potential is United States. With an export gap of $2.05M.   Buses’s highest import potential is China with an import gap of $8.09M.

See methodology.

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