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2023
Exports $1.87BWorld Rnk 5 / 216
Flag Rnk 23 / 1208
2023
Destination $104M United States
2022 - 2023
FASTEST GROWING MARKET $104MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Electric Heaters0.45Rnk 380 / 1025
2023
Imports $393MWorld Rnk 37 / 225
Flag Rnk 119 / 1211
2023
Origin $8.35M China
2022 - 2023
FASTEST GROWING ORIGIN $8.35MSouth Korea
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.87B in Electric Heaters, making it the 5th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 23rd most exported product in Malaysia. The main destination of Electric Heaters exports from Malaysia are: United States ($325M), South Korea ($138M), United Arab Emirates ($132M), Singapore ($109M), and China ($104M).

The fastest growing export markets for Electric Heaters of Malaysia between 2022 and 2023 were United Arab Emirates ($104M), South Korea ($33.5M), and Turkey ($28.8M).

Imports In 2023, Malaysia imported $393M in Electric Heaters, becoming the 37th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 119th most imported product in Malaysia. Malaysia imports Electric Heaters primarily from: China ($250M), South Korea ($32.9M), Thailand ($18.2M), United States ($15.6M), and Singapore ($11.4M).

The fastest growing import markets in Electric Heaters for Malaysia between 2022 and 2023 were South Korea ($8.35M), United States ($5.62M), and Singapore ($2.73M).

COMPANIES In 2023, leading companies such as Samsung (28) and Electrolux (26) were at the forefront of shipping Electric Heaters from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Electric Heaters exports accounted up to MYR409M and imports accounted up to MYR140M, resulting in a positive trade balance of MYR269M. Between November 2023 and November 2024 the exports of Malaysia's   Electric Heaters have increased by MYR77.2M (23.3%) from MYR331M to MYR409M, while imports decreased by MYR-515k (-0.37%) from MYR140M to MYR140M.

Destinations In November 2024, Electric Heaters were exported mostly to United States (MYR114M), South Korea (MYR30M), Japan (MYR29M), India (MYR22.6M), and Italy (MYR19.5M), and were imported mostly from China (MYR90.1M), Philippines (MYR11.8M), Thailand (MYR5.76M), United States (MYR3.91M), and South Korea (MYR3.72M).

Growth In November 2024, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to China (MYR29.3M or 64.1%), United States (MYR25.9M or 26.7%), and Turkey (MYR21.3M or 434%). In November 2024, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from China (MYR-18M or -18.5%), South Korea (MYR-7.87M or -50.7%), and Hong Kong (MYR-1.41M or -35.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR77.2M(23.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR-515k(-0.37%)
MAIN DESTINATION (November 2024)United StatesMYR114M

This section shows Electric Heaters'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 Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.87B
IMPORTS (2023)$393M
NET TRADE (2023)$1.48B

In 2023, Malaysia exported $1.87B in Electric Heaters. The main destinations of Malaysia exports on Electric Heaters were United States ($325M), South Korea ($138M), United Arab Emirates ($132M), Singapore ($109M), and China ($104M).

In 2023, Malaysia imported $393M in Electric Heaters, mainly from China ($250M), South Korea ($32.9M), Thailand ($18.2M), United States ($15.6M), and Singapore ($11.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United Arab Emirates$104M (371%)
South Korea$33.5M (31.9%)
Turkey$28.8M (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Malaysia WERE (2022 - 2023):
China-$66.4M (-38.8%)
United States-$57.4M (-15%)
Singapore-$51.3M (-32.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Electric Heaters were:
China $29B
Germany $4.19B
Italy $2.87B
In 2023, Malaysia's main importing competitors in Electric Heaters were:
United States $11.5B
Germany $5.48B
United Kingdom $3.02B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76M
TOP IMPORT POTENTIALChina+ $70.7M

Electric Heaters’s highest export potential is United States. With an export gap of $76M.   Electric Heaters’s highest import potential is China with an import gap of $70.7M.

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