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2022
Exports $38.3MWorld Rnk 23 / 159
Flag Rnk 414 / 1198
2022
Destination $10.5M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $10.5MChinese Taipei
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $164MWorld Rnk 10 / 209
Flag Rnk 269 / 1203
2022
Origin $19.1M China
2021 - 2022
FASTEST GROWING ORIGIN $19.1MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $38.3M in Electric Furnaces, making it the 23rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 414th most exported product in Malaysia. The main destination of Electric Furnaces exports from Malaysia are: Chinese Taipei ($10.8M), Thailand ($5.02M), Poland ($4.26M), United States ($3.41M), and United Kingdom ($2.98M).

The fastest growing export markets for Electric Furnaces of Malaysia between 2021 and 2022 were Chinese Taipei ($10.5M), Thailand ($4.22M), and Poland ($3.88M).

Imports In 2022, Malaysia imported $164M in Electric Furnaces, becoming the 10th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 269th most imported product in Malaysia. Malaysia imports Electric Furnaces primarily from: China ($61.6M), United States ($49.1M), Singapore ($14.5M), Japan ($9.91M), and Italy ($6.79M).

The fastest growing import markets in Electric Furnaces for Malaysia between 2021 and 2022 were United States ($19.1M), Singapore ($11.1M), and China ($7.94M).

COMPANIES In 2023, leading companies such as Samsung (99) and Electrolux (2) were at the forefront of shipping Electric Furnaces from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Electric Furnaces exports accounted up to MYR9.99M and imports accounted up to MYR44.1M, resulting in a negative trade balance of MYR34.1M. Between September 2023 and September 2024 the exports of Malaysia's   Electric Furnaces have increased by MYR4.48M (81.1%) from MYR5.52M to MYR9.99M, while imports decreased by MYR-29.2M (-39.8%) from MYR73.4M to MYR44.1M.

Destinations In September 2024, Electric Furnaces were exported mostly to India (MYR2.99M), Singapore (MYR2.4M), Indonesia (MYR1.7M), Chinese Taipei (MYR1.16M), and Vietnam (MYR351k), and were imported mostly from China (MYR25.7M), Japan (MYR5.66M), United States (MYR4.43M), Italy (MYR3.1M), and Singapore (MYR1.65M).

Growth In September 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR671k or 237%), China (MYR126k or 112%), and Japan (MYR118k or 90%). In September 2024, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from China (MYR-12M or -41.1%), Japan (MYR-1.17M or -50%), and Italy (MYR-829k or -13%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR4.48M(81.1%)
IMPORT GROWTH (September 2023 - September 2024)MYR-29.2M(-39.8%)
MAIN DESTINATION (September 2024)IndiaMYR2.99M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.3M
IMPORTS (2022)$164M
NET TRADE (2022)-$126M

In 2022, Malaysia exported $38.3M in Electric Furnaces. The main destinations of Malaysia exports on Electric Furnaces were Chinese Taipei ($10.8M), Thailand ($5.02M), Poland ($4.26M), United States ($3.41M), and United Kingdom ($2.98M).

In 2022, Malaysia imported $164M in Electric Furnaces, mainly from China ($61.6M), United States ($49.1M), Singapore ($14.5M), Japan ($9.91M), and Italy ($6.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chinese Taipei$10.5M (4.33k%)
Thailand$4.22M (528%)
Poland$3.88M (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Malaysia WERE (2021 - 2022):
Japan-$1.17M (-96%)
United States-$465k (-12%)
Mexico-$408k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Electric Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Malaysia's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.95M
TOP IMPORT POTENTIALItaly+ $2.42M

Electric Furnaces’s highest export potential is China. With an export gap of $1.95M.   Electric Furnaces’s highest import potential is Italy with an import gap of $2.42M.

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