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2022
Exports $746MWorld Rnk 24 / 192
Flag Rnk 65 / 1198
2022
Destination $155M Nigeria
2021 - 2022
FASTEST GROWING MARKET $155MNigeria
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $1.21BWorld Rnk 25 / 207
Flag Rnk 34 / 1203
2022
Origin $165M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $165MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $746M in Gas Turbines, making it the 24th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 65th most exported product in Malaysia. The main destination of Gas Turbines exports from Malaysia are: Nigeria ($172M), United Kingdom ($145M), United States ($92M), Singapore ($69.3M), and India ($66.7M).

The fastest growing export markets for Gas Turbines of Malaysia between 2021 and 2022 were Nigeria ($155M), United States ($68M), and India ($58M).

Imports In 2022, Malaysia imported $1.21B in Gas Turbines, becoming the 25th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 34th most imported product in Malaysia. Malaysia imports Gas Turbines primarily from: Singapore ($410M), United Kingdom ($195M), India ($96.7M), United Arab Emirates ($90.6M), and Germany ($83.4M).

The fastest growing import markets in Gas Turbines for Malaysia between 2021 and 2022 were Singapore ($165M), India ($59.2M), and France ($55.4M).

COMPANIES In 2023, leading companies such as Motorola (3) and Lollicup (1) were at the forefront of shipping Gas Turbines from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Gas Turbines exports accounted up to MYR133M and imports accounted up to MYR1B, resulting in a negative trade balance of MYR871M. Between September 2023 and September 2024 the exports of Malaysia's   Gas Turbines have increased by MYR14.6M (12.3%) from MYR119M to MYR133M, while imports increased by MYR682M (211%) from MYR323M to MYR1B.

Destinations In September 2024, Gas Turbines were exported mostly to United States (MYR44.1M), United Kingdom (MYR37.2M), Singapore (MYR30.5M), China (MYR7.43M), and Indonesia (MYR5.88M), and were imported mostly from United States (MYR563M), France (MYR171M), Italy (MYR41.3M), China (MYR40M), and Hungary (MYR36.6M).

Growth In September 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to United States (MYR17.4M or 245%), Germany (MYR333k or 915%), and Indonesia (MYR163k or 261%). In September 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from France (MYR136M or 1.47k%), Canada (MYR7.44M or 3.49k%), and Germany (MYR4.17M or 2.92k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR14.6M(12.3%)
IMPORT GROWTH (September 2023 - September 2024)MYR682M(211%)
MAIN DESTINATION (September 2024)United StatesMYR44.1M

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$746M
IMPORTS (2022)$1.21B
NET TRADE (2022)-$468M

In 2022, Malaysia exported $746M in Gas Turbines. The main destinations of Malaysia exports on Gas Turbines were Nigeria ($172M), United Kingdom ($145M), United States ($92M), Singapore ($69.3M), and India ($66.7M).

In 2022, Malaysia imported $1.21B in Gas Turbines, mainly from Singapore ($410M), United Kingdom ($195M), India ($96.7M), United Arab Emirates ($90.6M), and Germany ($83.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Nigeria$155M (947%)
United States$68M (284%)
India$58M (667%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Malaysia WERE (2021 - 2022):
Hong Kong-$95.3M (-63%)
Thailand-$4.56M (-60.3%)
United Arab Emirates-$1.63M (-84.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, Malaysia's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $74.4M
TOP IMPORT POTENTIALSingapore+ $58.6M

Gas Turbines’s highest export potential is United States. With an export gap of $74.4M.   Gas Turbines’s highest import potential is Singapore with an import gap of $58.6M.

See methodology.

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