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2023
Exports $15.1MWorld Rnk 33 / 209
Flag Rnk 553 / 1208
2023
Destination $480k United States
2022 - 2023
FASTEST GROWING MARKET $480kHong Kong
2023
PRODUCT COMPLEXITY IN Eyewear0.65Rnk 304 / 1025
2023
Imports $95.7MWorld Rnk 24 / 222
Flag Rnk 341 / 1211
2023
Origin $29.4M China
2022 - 2023
FASTEST GROWING ORIGIN $29.4MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $15.1M in Eyewear, making it the 33rd largest exporter of Eyewear in the world. At the same year, Eyewear was the 553rd most exported product in Malaysia. The main destination of Eyewear exports from Malaysia are: United States ($2M), Hong Kong ($1.08M), Germany ($878k), India ($861k), and South Korea ($784k).

The fastest growing export markets for Eyewear of Malaysia between 2022 and 2023 were Hong Kong ($480k), Turkey ($251k), and South Korea ($238k).

Imports In 2023, Malaysia imported $95.7M in Eyewear, becoming the 24th largest importer of Eyewear in the world. At the same year, Eyewear was the 341st most imported product in Malaysia. Malaysia imports Eyewear primarily from: China ($76M), Italy ($6.75M), Hong Kong ($2.55M), Singapore ($2.3M), and Chinese Taipei ($2.23M).

The fastest growing import markets in Eyewear for Malaysia between 2022 and 2023 were China ($29.4M), Singapore ($1.76M), and Italy ($884k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Eyewear exports accounted up to MYR6.51M and imports accounted up to MYR18.9M, resulting in a negative trade balance of MYR12.4M. Between November 2023 and November 2024 the exports of Malaysia's   Eyewear have increased by MYR245k (3.9%) from MYR6.27M to MYR6.51M, while imports increased by MYR205k (1.1%) from MYR18.7M to MYR18.9M.

Destinations In November 2024, Eyewear were exported mostly to United States (MYR1.05M), Singapore (MYR501k), Germany (MYR496k), Indonesia (MYR484k), and Hong Kong (MYR476k), and were imported mostly from China (MYR8.37M), Italy (MYR3.74M), United States (MYR1.86M), Chinese Taipei (MYR1.12M), and Hong Kong (MYR1.09M).

Growth In November 2024, the increase in Eyewear's year-by-year exports was explained primarily by an increase in exports to Germany (MYR390k or 90.7%), India (MYR265k or 181%), and Hong Kong (MYR229k or 525%). In November 2024, the increase in Eyewear's year-by-year imports was explained primarily by an increase in imports from Italy (MYR1.8M or 83.7%), Chinese Taipei (MYR329k or 51.3%), and Japan (MYR269k or 86%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR245k(3.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR205k(1.1%)
MAIN DESTINATION (November 2024)United StatesMYR1.05M

This section shows Eyewear'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 Eyewear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.1M
IMPORTS (2023)$95.7M
NET TRADE (2023)-$80.6M

In 2023, Malaysia exported $15.1M in Eyewear. The main destinations of Malaysia exports on Eyewear were United States ($2M), Hong Kong ($1.08M), Germany ($878k), India ($861k), and South Korea ($784k).

In 2023, Malaysia imported $95.7M in Eyewear, mainly from China ($76M), Italy ($6.75M), Hong Kong ($2.55M), Singapore ($2.3M), and Chinese Taipei ($2.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Eyewear EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$480k (79.8%)
Turkey$251k (73.7%)
South Korea$238k (43.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear BY Malaysia WERE (2022 - 2023):
United States-$2.33M (-53.8%)
Brunei-$255k (-47.3%)
Australia-$229k (-58.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Eyewear were:
China $4.95B
Italy $3.68B
Chinese Taipei $542M
In 2023, Malaysia's main importing competitors in Eyewear were:
United States $2.81B
Hong Kong $1.01B
Italy $732M

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Trade Value of Eyewear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.72M
TOP IMPORT POTENTIALChina+ $7.74M

Eyewear’s highest export potential is United States. With an export gap of $2.72M.   Eyewear’s highest import potential is China with an import gap of $7.74M.

See methodology.

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