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2022
Exports $196MWorld Rnk 11 / 180
Flag Rnk 189 / 1198
2022
Destination $21.6M China
2021 - 2022
FASTEST GROWING MARKET $21.6MChina
2022
PRODUCT COMPLEXITY IN Mirrors and Lenses1.49Rnk 54 / 1025
2022
Imports $211MWorld Rnk 13 / 215
Flag Rnk 226 / 1203
2022
Origin $53M China
2021 - 2022
FASTEST GROWING ORIGIN $53MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $196M in Mirrors and Lenses, making it the 11th largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 189th most exported product in Malaysia. The main destination of Mirrors and Lenses exports from Malaysia are: China ($42M), Singapore ($36.7M), United States ($35.5M), Netherlands ($24.8M), and Japan ($7.07M).

The fastest growing export markets for Mirrors and Lenses of Malaysia between 2021 and 2022 were China ($21.6M), Netherlands ($4.57M), and Mexico ($2.23M).

Imports In 2022, Malaysia imported $211M in Mirrors and Lenses, becoming the 13th largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 226th most imported product in Malaysia. Malaysia imports Mirrors and Lenses primarily from: China ($103M), Chinese Taipei ($37.2M), Singapore ($24.3M), Japan ($9.96M), and Thailand ($9.56M).

The fastest growing import markets in Mirrors and Lenses for Malaysia between 2021 and 2022 were China ($53M), Chinese Taipei ($16.8M), and United Arab Emirates ($6.2M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Mirrors and Lenses exports accounted up to MYR66.2M and imports accounted up to MYR38.4M, resulting in a positive trade balance of MYR27.8M. Between August 2023 and August 2024 the exports of Malaysia's   Mirrors and Lenses have increased by MYR18.1M (37.7%) from MYR48M to MYR66.2M, while imports decreased by MYR-8.48M (-18.1%) from MYR46.9M to MYR38.4M.

Destinations In August 2024, Mirrors and Lenses were exported mostly to Singapore (MYR21.2M), United States (MYR13.7M), Netherlands (MYR10M), China (MYR8.35M), and Japan (MYR7.87M), and were imported mostly from China (MYR13.4M), Japan (MYR6.73M), Chinese Taipei (MYR3.62M), Singapore (MYR3.32M), and Australia (MYR2.48M).

Growth In August 2024, the increase in Mirrors and Lenses's year-by-year exports was explained primarily by an increase in exports to Turkey (MYR288k or 1.12k%), Switzerland (MYR188k or 560%), and Indonesia (MYR34.1k or 32.8%). In August 2024, the decrease in Mirrors and Lenses's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-7.28M or -37.1%), Singapore (MYR-4.39M or -47.9%), and Vietnam (MYR-1.1M or -41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR18.1M(37.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR-8.48M(-18.1%)
MAIN DESTINATION (August 2024)SingaporeMYR21.2M

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$196M
IMPORTS (2022)$211M
NET TRADE (2022)-$14.3M

In 2022, Malaysia exported $196M in Mirrors and Lenses. The main destinations of Malaysia exports on Mirrors and Lenses were China ($42M), Singapore ($36.7M), United States ($35.5M), Netherlands ($24.8M), and Japan ($7.07M).

In 2022, Malaysia imported $211M in Mirrors and Lenses, mainly from China ($103M), Chinese Taipei ($37.2M), Singapore ($24.3M), Japan ($9.96M), and Thailand ($9.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$21.6M (105%)
Netherlands$4.57M (22.6%)
Mexico$2.23M (85%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY Malaysia WERE (2021 - 2022):
United Arab Emirates-$7.15M (-58.9%)
Japan-$5.2M (-42.4%)
Russia-$1.65M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Mirrors and Lenses were:
China $4.27B
Japan $2.24B
Chinese Taipei $2.07B
In 2022, Malaysia's main importing competitors in Mirrors and Lenses were:
China $2.31B
United States $1.65B
Hong Kong $1.57B

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Trade Value of Mirrors and Lenses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.6M
TOP IMPORT POTENTIALChina+ $11.2M

Mirrors and Lenses’s highest export potential is China. With an export gap of $14.6M.   Mirrors and Lenses’s highest import potential is China with an import gap of $11.2M.

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