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2023
Exports $193MWorld Rnk 7 / 113
Flag Rnk 180 / 1208
2023
Destination $24.7M Germany
2022 - 2023
FASTEST GROWING MARKET $24.7MGermany
2023
PRODUCT COMPLEXITY IN Glass Working Machines1.27Rnk 83 / 1025
2023
Imports $89.7MWorld Rnk 12 / 180
Flag Rnk 351 / 1211
2023
Origin $2.25M China
2022 - 2023
FASTEST GROWING ORIGIN $2.25MUnited States
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $193M in Glass Working Machines, making it the 7th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 180th most exported product in Malaysia. The main destination of Glass Working Machines exports from Malaysia are: Germany ($28.7M), Hungary ($23.3M), Singapore ($13.5M), Peru ($12.3M), and United Kingdom ($11M).

The fastest growing export markets for Glass Working Machines of Malaysia between 2022 and 2023 were Germany ($24.7M), Hungary ($23.3M), and Peru ($9.95M).

Imports In 2023, Malaysia imported $89.7M in Glass Working Machines, becoming the 12th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 351st most imported product in Malaysia. Malaysia imports Glass Working Machines primarily from: China ($31.4M), Sweden ($23M), Japan ($17.5M), United States ($9.61M), and Singapore ($2.24M).

The fastest growing import markets in Glass Working Machines for Malaysia between 2022 and 2023 were United States ($2.25M), United Kingdom ($1.6M), and Singapore ($836k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Glass Working Machines exports accounted up to MYR12.2M and imports accounted up to MYR5.42M, resulting in a positive trade balance of MYR6.76M. Between November 2023 and November 2024 the exports of Malaysia's   Glass Working Machines have decreased by MYR-48.7M (-80%) from MYR60.9M to MYR12.2M, while imports decreased by MYR-28.1M (-83.8%) from MYR33.5M to MYR5.42M.

Destinations In November 2024, Glass Working Machines were exported mostly to Australia (MYR7.24M), Brazil (MYR2.11M), Singapore (MYR1.52M), United States (MYR963k), and Sweden (MYR122k), and were imported mostly from Sweden (MYR3.06M), China (MYR1.33M), United States (MYR671k), Italy (MYR127k), and Singapore (MYR79.1k).

Growth In November 2024, the decrease in Glass Working Machines's year-by-year exports was explained primarily by a decrease in exports to South Africa (MYR-24.8M or -97.1%), Netherlands (MYR-5.9M or -99.9%), and Sweden (MYR-713k or -31%). In November 2024, the decrease in Glass Working Machines's year-by-year imports was explained primarily by a decrease in imports from Japan (MYR-41.9M or -99.2%), China (MYR-14.8M or -81.6%), and Singapore (MYR-257k or -53.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-48.7M(-80%)
IMPORT GROWTH (November 2023 - November 2024)MYR-28.1M(-83.8%)
MAIN DESTINATION (November 2024)AustraliaMYR7.24M

This section shows Glass Working Machines'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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$193M
IMPORTS (2023)$89.7M
NET TRADE (2023)$104M

In 2023, Malaysia exported $193M in Glass Working Machines. The main destinations of Malaysia exports on Glass Working Machines were Germany ($28.7M), Hungary ($23.3M), Singapore ($13.5M), Peru ($12.3M), and United Kingdom ($11M).

In 2023, Malaysia imported $89.7M in Glass Working Machines, mainly from China ($31.4M), Sweden ($23M), Japan ($17.5M), United States ($9.61M), and Singapore ($2.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Germany$24.7M (626%)
Hungary$23.3M (8.37M%)
Peru$9.95M (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Malaysia WERE (2022 - 2023):
Italy-$17.3M (-96.4%)
Colombia-$15.2M (-99.1%)
South Africa-$11.3M (-90.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Glass Working Machines were:
Singapore $622M
Germany $579M
United States $502M
In 2023, Malaysia's main importing competitors in Glass Working Machines were:
Belgium $428M
China $418M
Chinese Taipei $312M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $4.04M
TOP IMPORT POTENTIALSingapore+ $3.06M

Glass Working Machines’s highest export potential is Singapore. With an export gap of $4.04M.   Glass Working Machines’s highest import potential is Singapore with an import gap of $3.06M.

See methodology.

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