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2023
Exports $1.09MWorld Rnk 8 / 93
Flag Rnk 944 / 1208
2023
Destination $222k Indonesia
2022 - 2023
FASTEST GROWING MARKET $222kBenin
2023
Imports $174kWorld Rnk 43 / 157
Flag Rnk 1151 / 1211
2023
Origin $85.7k Bangladesh
2022 - 2023
FASTEST GROWING ORIGIN $85.7kBangladesh
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.09M in Jute and Other Textile Fibers, making it the 8th largest exporter of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 944th most exported product in Malaysia. The main destination of Jute and Other Textile Fibers exports from Malaysia are: Indonesia ($561k), Benin ($309k), Nigeria ($76.2k), Russia ($70.1k), and Vietnam ($48.4k).

The fastest growing export markets for Jute and Other Textile Fibers of Malaysia between 2022 and 2023 were Benin ($222k), Russia ($70.1k), and Vietnam ($48.4k).

Imports In 2023, Malaysia imported $174k in Jute and Other Textile Fibers, becoming the 43rd largest importer of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 1151st most imported product in Malaysia. Malaysia imports Jute and Other Textile Fibers primarily from: Bangladesh ($168k), India ($5.95k), China ($142), Germany ($47), and United Kingdom ($30).

The fastest growing import markets in Jute and Other Textile Fibers for Malaysia between 2022 and 2023 were Bangladesh ($85.7k), India ($5.95k), and China ($142).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Jute and Other Textile Fibers exports accounted up to MYR93.8k and imports accounted up to MYR91.8k, resulting in a positive trade balance of MYR2.02k. Between November 2023 and November 2024 the exports of Malaysia's   Jute and Other Textile Fibers have decreased by MYR-92.9k (-49.8%) from MYR187k to MYR93.8k, while imports increased by MYR42.6k (86.5%) from MYR49.2k to MYR91.8k.

Destinations In November 2024, Jute and Other Textile Fibers were exported mostly to Benin (MYR51.7k), Thailand (MYR41.4k), Singapore (MYR434), Chinese Taipei (MYR270), and Canada (MYR51), and were imported mostly from Bangladesh (MYR57.7k), China (MYR24.2k), and United States (MYR10k).

Growth In November 2024, the decrease in Jute and Other Textile Fibers's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Jute and Other Textile Fibers's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-92.9k(-49.8%)
IMPORT GROWTH (July 2023 - November 2024)MYR42.6k(86.5%)
MAIN DESTINATION (November 2024)BeninMYR51.7k

This section shows Jute and Other Textile Fibers'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 Jute and Other Textile Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.09M
IMPORTS (2023)$174k
NET TRADE (2023)$918k

In 2023, Malaysia exported $1.09M in Jute and Other Textile Fibers. The main destinations of Malaysia exports on Jute and Other Textile Fibers were Indonesia ($561k), Benin ($309k), Nigeria ($76.2k), Russia ($70.1k), and Vietnam ($48.4k).

In 2023, Malaysia imported $174k in Jute and Other Textile Fibers, mainly from Bangladesh ($168k), India ($5.95k), China ($142), Germany ($47), and United Kingdom ($30).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jute and Other Textile Fibers EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Benin$222k (255%)
Russia$70.1k (1%)
Vietnam$48.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jute and Other Textile Fibers BY Malaysia WERE (2022 - 2023):
Indonesia-$316k (-36%)
Senegal-$10k (-100%)
Nigeria-$9.71k (-11.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Jute and Other Textile Fibers were:
Bangladesh $162M
Tanzania $19.4M
India $18.2M
In 2023, Malaysia's main importing competitors in Jute and Other Textile Fibers were:
India $94.8M
Pakistan $40.3M
Nepal $16.2M

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Trade Value of Jute and Other Textile Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $4.45k
TOP IMPORT POTENTIALBangladesh+ $44.1k

Jute and Other Textile Fibers’s highest export potential is Nigeria. With an export gap of $4.45k.   Jute and Other Textile Fibers’s highest import potential is Bangladesh with an import gap of $44.1k.

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