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2023
Exports $20.7MWorld Rnk 24 / 143
Flag Rnk 499 / 1208
2023
Destination $547k Singapore
2022 - 2023
FASTEST GROWING MARKET $547kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Electrical Insulators0.91Rnk 200 / 1025
2023
Imports $38.9MWorld Rnk 18 / 206
Flag Rnk 536 / 1211
2023
Origin $4.15M China
2022 - 2023
FASTEST GROWING ORIGIN $4.15MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $20.7M in Electrical Insulators, making it the 24th largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 499th most exported product in Malaysia. The main destination of Electrical Insulators exports from Malaysia are: Singapore ($4.01M), Indonesia ($3.13M), Thailand ($2.57M), Germany ($2.19M), and Philippines ($1.23M).

The fastest growing export markets for Electrical Insulators of Malaysia between 2022 and 2023 were United Kingdom ($547k), Nigeria ($221k), and Algeria ($184k).

Imports In 2023, Malaysia imported $38.9M in Electrical Insulators, becoming the 18th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 536th most imported product in Malaysia. Malaysia imports Electrical Insulators primarily from: China ($14.4M), Singapore ($6.75M), United States ($4.72M), Italy ($2.07M), and Japan ($1.96M).

The fastest growing import markets in Electrical Insulators for Malaysia between 2022 and 2023 were Singapore ($4.15M), South Korea ($578k), and Sweden ($576k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Electrical Insulators exports accounted up to MYR20.2M and imports accounted up to MYR21M, resulting in a negative trade balance of MYR764k. Between November 2023 and November 2024 the exports of Malaysia's   Electrical Insulators have increased by MYR1.39M (7.38%) from MYR18.8M to MYR20.2M, while imports increased by MYR1.25M (6.35%) from MYR19.7M to MYR21M.

Destinations In November 2024, Electrical Insulators were exported mostly to Germany (MYR7.3M), United States (MYR2.48M), Japan (MYR2.32M), Indonesia (MYR1.86M), and Singapore (MYR1.27M), and were imported mostly from China (MYR11.8M), Germany (MYR2.42M), Singapore (MYR1.85M), United States (MYR1.31M), and Japan (MYR1.18M).

Growth In November 2024, the increase in Electrical Insulators's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (MYR279k or 59%), Vietnam (MYR277k or 112%), and Kenya (MYR142k or 302%). In November 2024, the increase in Electrical Insulators's year-by-year imports was explained primarily by an increase in imports from France (MYR2.52M or 20.3k%), Vietnam (MYR376k or 1.11k%), and China (MYR19.5k or 0.25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR1.39M(7.38%)
IMPORT GROWTH (November 2023 - November 2024)MYR1.25M(6.35%)
MAIN DESTINATION (November 2024)GermanyMYR7.3M

This section shows Electrical Insulators'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 Electrical Insulators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.7M
IMPORTS (2023)$38.9M
NET TRADE (2023)-$18.1M

In 2023, Malaysia exported $20.7M in Electrical Insulators. The main destinations of Malaysia exports on Electrical Insulators were Singapore ($4.01M), Indonesia ($3.13M), Thailand ($2.57M), Germany ($2.19M), and Philippines ($1.23M).

In 2023, Malaysia imported $38.9M in Electrical Insulators, mainly from China ($14.4M), Singapore ($6.75M), United States ($4.72M), Italy ($2.07M), and Japan ($1.96M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United Kingdom$547k (245%)
Nigeria$221k (1%)
Algeria$184k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Malaysia WERE (2022 - 2023):
Thailand-$1.47M (-36.3%)
Chinese Taipei-$1.36M (-84.6%)
Singapore-$818k (-16.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Electrical Insulators were:
China $823M
United States $226M
Germany $216M
In 2023, Malaysia's main importing competitors in Electrical Insulators were:
United States $406M
Saudi Arabia $130M
Germany $125M

Explore Visualizations

Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.11M
TOP IMPORT POTENTIALChina+ $2.33M

Electrical Insulators’s highest export potential is Indonesia. With an export gap of $1.11M.   Electrical Insulators’s highest import potential is China with an import gap of $2.33M.

See methodology.

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