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2022
Exports $41.6MWorld Rnk 25 / 195
Flag Rnk 401 / 1198
2022
Destination $1.53M Thailand
2021 - 2022
FASTEST GROWING MARKET $1.53MPhilippines
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $103MWorld Rnk 28 / 224
Flag Rnk 356 / 1203
2022
Origin $10.5M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $10.5MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $41.6M in Lubricating Products, making it the 25th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 401st most exported product in Malaysia. The main destination of Lubricating Products exports from Malaysia are: Thailand ($8.06M), China ($6.75M), Singapore ($6.37M), Vietnam ($3.86M), and Philippines ($2.8M).

The fastest growing export markets for Lubricating Products of Malaysia between 2021 and 2022 were Philippines ($1.53M), Hong Kong ($841k), and United States ($606k).

Imports In 2022, Malaysia imported $103M in Lubricating Products, becoming the 28th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 356th most imported product in Malaysia. Malaysia imports Lubricating Products primarily from: Singapore ($32.2M), Japan ($17.1M), China ($10.1M), Germany ($9.63M), and United States ($7.14M).

The fastest growing import markets in Lubricating Products for Malaysia between 2021 and 2022 were Singapore ($10.5M), China ($1.41M), and Thailand ($1.18M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Lubricating Products exports accounted up to MYR14.6M and imports accounted up to MYR50.5M, resulting in a negative trade balance of MYR35.8M. Between June 2023 and June 2024 the exports of Malaysia's   Lubricating Products have increased by MYR216k (1.5%) from MYR14.4M to MYR14.6M, while imports increased by MYR7.35M (17%) from MYR43.1M to MYR50.5M.

Destinations In June 2024, Lubricating Products were exported mostly to China (MYR4.77M), Thailand (MYR3.52M), Vietnam (MYR2.15M), Singapore (MYR1.81M), and Indonesia (MYR591k), and were imported mostly from Singapore (MYR27.3M), Japan (MYR5.4M), China (MYR3.69M), Germany (MYR2.88M), and France (MYR2.53M).

Growth In June 2024, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR1.87M or 74.7%), Singapore (MYR883k or 53.1%), and China (MYR695k or 324%). In June 2024, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from Japan (MYR5.74M or 138%), United Kingdom (MYR376k or 216%), and Australia (MYR246k or 2.83k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR216k(1.5%)
IMPORT GROWTH (June 2023 - June 2024)MYR7.35M(17%)
MAIN DESTINATION (June 2024)ChinaMYR4.77M

This section shows Lubricating Products'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 Lubricating Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41.6M
IMPORTS (2022)$103M
NET TRADE (2022)-$61.9M

In 2022, Malaysia exported $41.6M in Lubricating Products. The main destinations of Malaysia exports on Lubricating Products were Thailand ($8.06M), China ($6.75M), Singapore ($6.37M), Vietnam ($3.86M), and Philippines ($2.8M).

In 2022, Malaysia imported $103M in Lubricating Products, mainly from Singapore ($32.2M), Japan ($17.1M), China ($10.1M), Germany ($9.63M), and United States ($7.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$1.53M (121%)
Hong Kong$841k (270%)
United States$606k (190%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Malaysia WERE (2021 - 2022):
India-$4.84M (-70.7%)
Indonesia-$1.85M (-42.5%)
China-$1.08M (-13.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Malaysia's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.41M
TOP IMPORT POTENTIALGermany+ $3.41M

Lubricating Products’s highest export potential is China. With an export gap of $5.41M.   Lubricating Products’s highest import potential is Germany with an import gap of $3.41M.

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