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2022
Exports $290MWorld Rnk 29 / 221
Flag Rnk 143 / 1198
2022
Destination $22.9M United States
2021 - 2022
FASTEST GROWING MARKET $22.9MUnited States
2022
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 909 / 1025
2022
Imports $128MWorld Rnk 54 / 218
Flag Rnk 314 / 1203
2022
Origin $31.9M China
2021 - 2022
FASTEST GROWING ORIGIN $31.9MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $290M in Knit Sweaters, making it the 29th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 143rd most exported product in Malaysia. The main destination of Knit Sweaters exports from Malaysia are: United States ($148M), Japan ($70.5M), Singapore ($9.66M), Canada ($6.97M), and Netherlands ($6.37M).

The fastest growing export markets for Knit Sweaters of Malaysia between 2021 and 2022 were United States ($22.9M), Japan ($4.85M), and India ($2.5M).

Imports In 2022, Malaysia imported $128M in Knit Sweaters, becoming the 54th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 314th most imported product in Malaysia. Malaysia imports Knit Sweaters primarily from: China ($76.1M), Bangladesh ($9.21M), Singapore ($7.58M), Vietnam ($7.35M), and Spain ($3.55M).

The fastest growing import markets in Knit Sweaters for Malaysia between 2021 and 2022 were China ($31.9M), Vietnam ($4.31M), and Singapore ($4.27M).

COMPANIES In 2023, leading companies such as Nike (8) and H&M Clothing (7) were at the forefront of shipping Knit Sweaters from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Knit Sweaters exports accounted up to MYR99.7M and imports accounted up to MYR45.8M, resulting in a positive trade balance of MYR53.9M. Between September 2023 and September 2024 the exports of Malaysia's   Knit Sweaters have decreased by MYR-4.76M (-4.56%) from MYR104M to MYR99.7M, while imports decreased by MYR-4.62M (-9.17%) from MYR50.4M to MYR45.8M.

Destinations In September 2024, Knit Sweaters were exported mostly to Japan (MYR42.7M), United States (MYR27.7M), Singapore (MYR4.07M), Belgium (MYR4M), and Hong Kong (MYR2.71M), and were imported mostly from China (MYR15.2M), Bangladesh (MYR6.14M), Singapore (MYR4.1M), Vietnam (MYR3.98M), and Italy (MYR2.45M).

Growth In September 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-3.76M or -12.6%), United Kingdom (MYR-2.61M or -95.4%), and Netherlands (MYR-1.6M or -49.6%). In September 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-504k or -47.3%), Denmark (MYR-227k or -97.6%), and Turkey (MYR-187k or -34.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-4.76M(-4.56%)
IMPORT GROWTH (September 2023 - September 2024)MYR-4.62M(-9.17%)
MAIN DESTINATION (September 2024)JapanMYR42.7M

This section shows Knit Sweaters'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 Knit Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$290M
IMPORTS (2022)$128M
NET TRADE (2022)$162M

In 2022, Malaysia exported $290M in Knit Sweaters. The main destinations of Malaysia exports on Knit Sweaters were United States ($148M), Japan ($70.5M), Singapore ($9.66M), Canada ($6.97M), and Netherlands ($6.37M).

In 2022, Malaysia imported $128M in Knit Sweaters, mainly from China ($76.1M), Bangladesh ($9.21M), Singapore ($7.58M), Vietnam ($7.35M), and Spain ($3.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$22.9M (18.3%)
Japan$4.85M (7.38%)
India$2.5M (362%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Malaysia WERE (2021 - 2022):
Austria-$2.17M (-99.5%)
Singapore-$1.85M (-16%)
Germany-$1.16M (-29.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Knit Sweaters were:
China $20.4B
Bangladesh $8.02B
Vietnam $4.83B
In 2022, Malaysia's main importing competitors in Knit Sweaters were:
United States $15.9B
Germany $7.28B
Japan $4.37B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.9M
TOP IMPORT POTENTIALChina+ $27.6M

Knit Sweaters’s highest export potential is United States. With an export gap of $19.9M.   Knit Sweaters’s highest import potential is China with an import gap of $27.6M.

See methodology.

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