Buses in Malaysia 2021 Exports | Imports : $27.5M | $50.4M, World Rnk 37 / 149 Rnk 459 / 1201 | World Rnk 59 / 213 Rnk 494 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.68M | $1.08M, United States | South Korea
2021 ECONOMIC COMPLEXITY of Malaysia: 1.09, Rnk 24 / 131
2021 PRODUCT COMPLEXITY IN Buses: 0.063, Rnk 531 / 1024
Exports In 2021, Malaysia exported $27.5M in Buses, making it the 37th largest exporter of Buses in the world. At the same year, Buses was the 459th most exported product in Malaysia. The main destination of Buses exports from Malaysia are: Singapore ($11.5M), Australia ($9.53M), United States ($4.29M), Hong Kong ($1.62M), and Bangladesh ($242k).
The fastest growing export markets for Buses of Malaysia between 2020 and 2021 were United States ($3.68M), Bangladesh ($242k), and China ($117k).
Imports In 2021, Malaysia imported $50.4M in Buses, becoming the 59th largest importer of Buses in the world. At the same year, Buses was the 494th most imported product in Malaysia. Malaysia imports Buses primarily from: South Korea ($35.2M), China ($10.9M), Sweden ($1.14M), Spain ($1.12M), and Belgium ($921k).
The fastest growing import markets in Buses for Malaysia between 2020 and 2021 were South Korea ($1.08M), Spain ($1.07M), and Belgium ($921k).
September 2020
Overview In September 2020 Malaysia's Buses exports accounted up to MYR27.4M and imports accounted up to MYR22.2M, resulting in a positive trade balance of MYR5.15M. Between August 2019 and September 2020 the exports of Malaysia's Buses have increased by MYR8.19M (42.7%) from MYR19.2M to MYR27.4M, while imports decreased by MYR-4.14M (-15.7%) from MYR26.4M to MYR22.2M.
Destinations In September 2020, Buses were exported mostly to Hong Kong (MYR15.8M), Singapore (MYR7.99M), Australia (MYR2.81M), United States (MYR818k), and Philippines (MYR12k), and were imported mostly from South Korea (MYR14.3M), China (MYR4.33M), Japan (MYR2.59M), and Sweden (MYR1M).
Growth In September 2020, the increase in Buses's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR2.65M or 624%). In September 2020, the decrease in Buses's year-by-year imports was explained primarily by a decrease in imports from South Korea (MYR-3.55M or -34.5%).
EXPORT GROWTH (August 2019 - September 2020): MYR8.19M, (42.7%)
IMPORT GROWTH (September 2019 - September 2020): MYR-4.14M, (-15.7%)
MAIN DESTINATION (September 2020): Hong Kong, MYR15.8M
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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EXPORTS (2021): $27.5M
IMPORTS (2021): $50.4M
NET TRADE (2021): -$22.9M
In 2021, Malaysia exported $27.5M in Buses. The main destinations of Malaysia exports on Buses were Singapore ($11.5M), Australia ($9.53M), United States ($4.29M), Hong Kong ($1.62M), and Bangladesh ($242k).
In 2021, Malaysia imported $50.4M in Buses, mainly from South Korea ($35.2M), China ($10.9M), Sweden ($1.14M), Spain ($1.12M), and Belgium ($921k).
THE FASTEST GROWING Buses EXPORT MARKETS FOR Malaysia WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Malaysia WERE (2020 - 2021):
In 2021, Malaysia's main exporting competitors in Buses were:
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