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2023
Exports $2.75BWorld Rnk 14 / 217
Flag Rnk 17 / 1208
2023
Destination $99.1M United States
2022 - 2023
FASTEST GROWING MARKET $99.1MSingapore
2023
PRODUCT COMPLEXITY IN Medical Instruments0.73Rnk 272 / 1025
2023
Imports $1.03BWorld Rnk 28 / 226
Flag Rnk 41 / 1211
2023
Origin $156M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $156MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $2.75B in Medical Instruments, making it the 14th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most exported product in Malaysia. The main destination of Medical Instruments exports from Malaysia are: United States ($793M), Germany ($477M), Singapore ($215M), Japan ($183M), and Belgium ($135M).

The fastest growing export markets for Medical Instruments of Malaysia between 2022 and 2023 were Singapore ($99.1M), Belgium ($62.6M), and United Kingdom ($32.1M).

Imports In 2023, Malaysia imported $1.03B in Medical Instruments, becoming the 28th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 41st most imported product in Malaysia. Malaysia imports Medical Instruments primarily from: Singapore ($261M), United States ($198M), China ($103M), Japan ($102M), and Germany ($84.6M).

The fastest growing import markets in Medical Instruments for Malaysia between 2022 and 2023 were Singapore ($156M), Germany ($18.1M), and Vietnam ($6.97M).

COMPANIES In 2024, leading companies such as Baxter Healthcare (2) were at the forefront of shipping Medical Instruments from Malaysia to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Medical Instruments exports accounted up to MYR1.25B and imports accounted up to MYR432M, resulting in a positive trade balance of MYR821M. Between December 2023 and December 2024 the exports of Malaysia's   Medical Instruments have increased by MYR263M (26.5%) from MYR990M to MYR1.25B, while imports increased by MYR10.3M (2.45%) from MYR422M to MYR432M.

Destinations In December 2024, Medical Instruments were exported mostly to United States (MYR484M), Germany (MYR236M), Netherlands (MYR101M), China (MYR68M), and Singapore (MYR65.5M), and were imported mostly from Singapore (MYR89.7M), United States (MYR69.9M), China (MYR59.3M), Japan (MYR39.8M), and Germany (MYR28.6M).

Growth In December 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to United States (MYR111M or 40.5%), Chinese Taipei (MYR29.6M or 298%), and Belgium (MYR19.5M or 64.1%). In December 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Germany (MYR136M or 512%), Singapore (MYR60M or 185%), and China (MYR15.6M or 49.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR263M(26.5%)
IMPORT GROWTH (December 2023 - December 2024)MYR10.3M(2.45%)
MAIN DESTINATION (December 2024)United StatesMYR484M

This section shows Medical Instruments'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 Medical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.75B
IMPORTS (2023)$1.03B
NET TRADE (2023)$1.73B

In 2023, Malaysia exported $2.75B in Medical Instruments. The main destinations of Malaysia exports on Medical Instruments were United States ($793M), Germany ($477M), Singapore ($215M), Japan ($183M), and Belgium ($135M).

In 2023, Malaysia imported $1.03B in Medical Instruments, mainly from Singapore ($261M), United States ($198M), China ($103M), Japan ($102M), and Germany ($84.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$99.1M (85.6%)
Belgium$62.6M (86.8%)
United Kingdom$32.1M (41.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Malaysia WERE (2022 - 2023):
Japan-$60.2M (-24.7%)
Chinese Taipei-$18.4M (-41%)
Canada-$13.8M (-38.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Medical Instruments were:
United States $34.8B
Germany $18.4B
Mexico $17.6B
In 2023, Malaysia's main importing competitors in Medical Instruments were:
United States $37.7B
Netherlands $14.1B
Germany $13.1B

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $126M
TOP IMPORT POTENTIALChina+ $63.4M

Medical Instruments’s highest export potential is China. With an export gap of $126M.   Medical Instruments’s highest import potential is China with an import gap of $63.4M.

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