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2022
Exports $94.9MWorld Rnk 10 / 188
Flag Rnk 289 / 1198
2022
Destination $38.6M China
2021 - 2022
FASTEST GROWING MARKET $38.6MChina
2022
PRODUCT COMPLEXITY IN Electrical Parts-1.06Rnk 849 / 1025
2022
Imports $122MWorld Rnk 13 / 212
Flag Rnk 323 / 1203
2022
Origin $22.8M China
2021 - 2022
FASTEST GROWING ORIGIN $22.8MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $94.9M in Electrical Parts, making it the 10th largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 289th most exported product in Malaysia. The main destination of Electrical Parts exports from Malaysia are: China ($47.4M), Japan ($9.11M), United States ($7.9M), Hong Kong ($7.28M), and Singapore ($6.92M).

The fastest growing export markets for Electrical Parts of Malaysia between 2021 and 2022 were China ($38.6M), Mexico ($4.41M), and Japan ($3.56M).

Imports In 2022, Malaysia imported $122M in Electrical Parts, becoming the 13th largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 323rd most imported product in Malaysia. Malaysia imports Electrical Parts primarily from: China ($45.4M), Thailand ($38.5M), Japan ($10.9M), United States ($6.8M), and Mexico ($5.89M).

The fastest growing import markets in Electrical Parts for Malaysia between 2021 and 2022 were China ($22.8M), Mexico ($4.97M), and United States ($1.97M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Electrical Parts exports accounted up to MYR30.1M and imports accounted up to MYR28.4M, resulting in a positive trade balance of MYR1.66M. Between August 2023 and August 2024 the exports of Malaysia's   Electrical Parts have increased by MYR4.34M (16.9%) from MYR25.7M to MYR30.1M, while imports decreased by MYR-64.1M (-69.3%) from MYR92.5M to MYR28.4M.

Destinations In August 2024, Electrical Parts were exported mostly to Germany (MYR7.45M), Hong Kong (MYR4.63M), China (MYR4.46M), United States (MYR3.82M), and Japan (MYR2.88M), and were imported mostly from Japan (MYR6.81M), China (MYR6.21M), Mexico (MYR5.58M), Singapore (MYR4.36M), and Thailand (MYR1.52M).

Growth In August 2024, the increase in Electrical Parts's year-by-year exports was explained primarily by an increase in exports to Germany (MYR1.73M or 46.3%), Hong Kong (MYR956k or 42.9%), and Japan (MYR916k or 46.9%). In August 2024, the decrease in Electrical Parts's year-by-year imports was explained primarily by a decrease in imports from Poland (MYR-1.59M or -100%), Japan (MYR-1.23M or -26.6%), and Hong Kong (MYR-1.06M or -87.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR4.34M(16.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR-64.1M(-69.3%)
MAIN DESTINATION (August 2024)GermanyMYR7.45M

This section shows Electrical Parts'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 Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$94.9M
IMPORTS (2022)$122M
NET TRADE (2022)-$27.3M

In 2022, Malaysia exported $94.9M in Electrical Parts. The main destinations of Malaysia exports on Electrical Parts were China ($47.4M), Japan ($9.11M), United States ($7.9M), Hong Kong ($7.28M), and Singapore ($6.92M).

In 2022, Malaysia imported $122M in Electrical Parts, mainly from China ($45.4M), Thailand ($38.5M), Japan ($10.9M), United States ($6.8M), and Mexico ($5.89M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$38.6M (442%)
Mexico$4.41M (1.3k%)
Japan$3.56M (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts BY Malaysia WERE (2021 - 2022):
Germany-$3.78M (-51.1%)
Netherlands-$1.55M (-88.1%)
Singapore-$887k (-11.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Electrical Parts were:
China $3.15B
Japan $785M
United States $341M
In 2022, Malaysia's main importing competitors in Electrical Parts were:
Hong Kong $1.2B
Vietnam $1.19B
China $858M

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Trade Value of Electrical Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.39M
TOP IMPORT POTENTIALChina+ $4M

Electrical Parts’s highest export potential is China. With an export gap of $4.39M.   Electrical Parts’s highest import potential is China with an import gap of $4M.

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