2023
Exports
$94.9MWorld Rnk 48 / 225
Flag Rnk 271 / 1208
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$459MWorld Rnk 24 / 225
Flag Rnk 102 / 1211
2023
ECONOMIC COMPLEXITY of Malaysia
1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $94.9M in Knit T-shirts, making it the 48th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 271st most exported product in Malaysia. The main destination of Knit T-shirts exports from Malaysia are: Singapore ($27.1M), Japan ($12M), Hong Kong ($8.69M), China ($4.4M), and United States ($3.56M).

The fastest growing export markets for Knit T-shirts of Malaysia between 2022 and 2023 were Hong Kong ($3.71M), Singapore ($2.6M), and Japan ($2.32M).

Imports In 2023, Malaysia imported $459M in Knit T-shirts, becoming the 24th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 102nd most imported product in Malaysia. Malaysia imports Knit T-shirts primarily from: Singapore ($189M), China ($131M), Bangladesh ($32.7M), Vietnam ($29.1M), and India ($11.9M).

The fastest growing import markets in Knit T-shirts for Malaysia between 2022 and 2023 were China ($21M), Cambodia ($3.23M), and Hong Kong ($3.04M).

COMPANIES In 2023, leading companies such as H&M Clothing (2) and Kontoor Brands (2) were at the forefront of shipping Knit T-shirts from Malaysia to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.29M(3.97%)
IMPORT GROWTH (November 2023 - November 2024)MYR148M(85.6%)
MAIN DESTINATION (November 2024)SingaporeMYR22M

This section shows Knit T-shirts'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 T-shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$94.9M
IMPORTS (2023)$459M
NET TRADE (2023)-$364M

In 2023, Malaysia exported $94.9M in Knit T-shirts. The main destinations of Malaysia exports on Knit T-shirts were Singapore ($27.1M), Japan ($12M), Hong Kong ($8.69M), China ($4.4M), and United States ($3.56M).

In 2023, Malaysia imported $459M in Knit T-shirts, mainly from Singapore ($189M), China ($131M), Bangladesh ($32.7M), Vietnam ($29.1M), and India ($11.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$3.71M (74.7%)
Singapore$2.6M (10.6%)
Japan$2.32M (24.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Malaysia WERE (2022 - 2023):
United Kingdom-$4.6M (-66.5%)
United States-$3.44M (-49.1%)
Germany-$1.17M (-35%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Malaysia's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.7M
TOP IMPORT POTENTIALBangladesh+ $44.7M

Knit T-shirts’s highest export potential is United States. With an export gap of $11.7M.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $44.7M.

See methodology.

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