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2022
Exports $102MWorld Rnk 32 / 213
Flag Rnk 277 / 1198
2022
Destination $1.22M Singapore
2021 - 2022
FASTEST GROWING MARKET $1.22MVietnam
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $201MWorld Rnk 30 / 225
Flag Rnk 233 / 1203
2022
Origin $3.36M China
2021 - 2022
FASTEST GROWING ORIGIN $3.36MPhilippines
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $102M in Interchangeable Tool Parts, making it the 32nd largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 277th most exported product in Malaysia. The main destination of Interchangeable Tool Parts exports from Malaysia are: Singapore ($14.9M), Thailand ($11.5M), Germany ($8.8M), United States ($5.92M), and China ($5.56M).

The fastest growing export markets for Interchangeable Tool Parts of Malaysia between 2021 and 2022 were Vietnam ($1.22M), Chinese Taipei ($985k), and United Arab Emirates ($688k).

Imports In 2022, Malaysia imported $201M in Interchangeable Tool Parts, becoming the 30th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 233rd most imported product in Malaysia. Malaysia imports Interchangeable Tool Parts primarily from: China ($46.5M), Singapore ($45.6M), Japan ($32.6M), South Korea ($21M), and Chinese Taipei ($10.2M).

The fastest growing import markets in Interchangeable Tool Parts for Malaysia between 2021 and 2022 were Philippines ($3.36M), Singapore ($2.45M), and Vietnam ($676k).

COMPANIES In 2023, leading companies such as Yaheetech (1) and Electrolux (1) were at the forefront of shipping Interchangeable Tool Parts from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Interchangeable Tool Parts exports accounted up to MYR35.1M and imports accounted up to MYR57.5M, resulting in a negative trade balance of MYR22.4M. Between June 2023 and June 2024 the exports of Malaysia's   Interchangeable Tool Parts have decreased by MYR-509k (-1.43%) from MYR35.6M to MYR35.1M, while imports decreased by MYR-18.8M (-24.6%) from MYR76.3M to MYR57.5M.

Destinations In June 2024, Interchangeable Tool Parts were exported mostly to Singapore (MYR8.43M), United States (MYR4.02M), Thailand (MYR3.42M), Germany (MYR3M), and Japan (MYR2.74M), and were imported mostly from China (MYR13.2M), Singapore (MYR12.7M), Japan (MYR6.54M), United States (MYR5.6M), and Thailand (MYR3.29M).

Growth In June 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to China (MYR-1.45M or -66.3%), Philippines (MYR-1.18M or -53.2%), and Indonesia (MYR-1.03M or -42.3%). In June 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from Thailand (MYR-2.22M or -77.9%), China (MYR-1.4M or -9.76%), and Singapore (MYR-1.35M or -13.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-509k(-1.43%)
IMPORT GROWTH (June 2023 - June 2024)MYR-18.8M(-24.6%)
MAIN DESTINATION (June 2024)SingaporeMYR8.43M

This section shows Interchangeable Tool 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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$201M
NET TRADE (2022)-$98.7M

In 2022, Malaysia exported $102M in Interchangeable Tool Parts. The main destinations of Malaysia exports on Interchangeable Tool Parts were Singapore ($14.9M), Thailand ($11.5M), Germany ($8.8M), United States ($5.92M), and China ($5.56M).

In 2022, Malaysia imported $201M in Interchangeable Tool Parts, mainly from China ($46.5M), Singapore ($45.6M), Japan ($32.6M), South Korea ($21M), and Chinese Taipei ($10.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Vietnam$1.22M (28.9%)
Chinese Taipei$985k (28.4%)
United Arab Emirates$688k (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Malaysia WERE (2021 - 2022):
Italy-$1.48M (-30.2%)
Indonesia-$1.02M (-15.9%)
Germany-$628k (-6.66%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Interchangeable Tool Parts were:
China $4.96B
Germany $3.88B
United States $2.11B
In 2022, Malaysia's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.92M
TOP IMPORT POTENTIALChina+ $19.7M

Interchangeable Tool Parts’s highest export potential is China. With an export gap of $5.92M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $19.7M.

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