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2022
Exports $32.5MWorld Rnk 32 / 206
Flag Rnk 433 / 1198
2022
Destination $842k Hungary
2021 - 2022
FASTEST GROWING MARKET $842kPapua New Guinea
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2022
Imports $143MWorld Rnk 21 / 224
Flag Rnk 283 / 1203
2022
Origin $10.9M China
2021 - 2022
FASTEST GROWING ORIGIN $10.9MHong Kong
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $32.5M in Motor-working Tools, making it the 32nd largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 433rd most exported product in Malaysia. The main destination of Motor-working Tools exports from Malaysia are: Hungary ($4.03M), Singapore ($3.78M), China ($2.76M), Netherlands ($2.65M), and Indonesia ($2.13M).

The fastest growing export markets for Motor-working Tools of Malaysia between 2021 and 2022 were Papua New Guinea ($842k), Hungary ($830k), and Netherlands ($822k).

Imports In 2022, Malaysia imported $143M in Motor-working Tools, becoming the 21st largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 283rd most imported product in Malaysia. Malaysia imports Motor-working Tools primarily from: China ($77.1M), Hong Kong ($20M), Singapore ($14.2M), Brazil ($5.73M), and Japan ($4.94M).

The fastest growing import markets in Motor-working Tools for Malaysia between 2021 and 2022 were Hong Kong ($10.9M), United States ($963k), and Japan ($903k).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Motor-working Tools exports accounted up to MYR84.9M and imports accounted up to MYR54.7M, resulting in a positive trade balance of MYR30.2M. Between October 2023 and October 2024 the exports of Malaysia's   Motor-working Tools have decreased by MYR-12.2M (-12.5%) from MYR97M to MYR84.9M, while imports decreased by MYR-14.8M (-21.3%) from MYR69.4M to MYR54.7M.

Destinations In October 2024, Motor-working Tools were exported mostly to Hungary (MYR17.7M), Germany (MYR12.5M), United States (MYR8.05M), China (MYR7.75M), and Brazil (MYR6.02M), and were imported mostly from China (MYR32.8M), Singapore (MYR5.64M), Japan (MYR4.77M), United States (MYR2.26M), and Chinese Taipei (MYR2.15M).

Growth In October 2024, the decrease in Motor-working Tools's year-by-year exports was explained primarily by a decrease in exports to Germany (MYR-21.1M or -66.7%), Slovenia (MYR-11.6M or -89.6%), and Hungary (MYR-10.1M or -38.2%). In October 2024, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from China (MYR-11.8M or -24.3%), Chinese Taipei (MYR-2.31M or -61%), and Brazil (MYR-2.13M or -62.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR-12.2M(-12.5%)
IMPORT GROWTH (October 2023 - October 2024)MYR-14.8M(-21.3%)
MAIN DESTINATION (October 2024)HungaryMYR17.7M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.5M
IMPORTS (2022)$143M
NET TRADE (2022)-$110M

In 2022, Malaysia exported $32.5M in Motor-working Tools. The main destinations of Malaysia exports on Motor-working Tools were Hungary ($4.03M), Singapore ($3.78M), China ($2.76M), Netherlands ($2.65M), and Indonesia ($2.13M).

In 2022, Malaysia imported $143M in Motor-working Tools, mainly from China ($77.1M), Hong Kong ($20M), Singapore ($14.2M), Brazil ($5.73M), and Japan ($4.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Papua New Guinea$842k (82.7%)
Hungary$830k (25.9%)
Netherlands$822k (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Malaysia WERE (2021 - 2022):
Hong Kong-$1.17M (-82.1%)
United States-$670k (-37.6%)
China-$576k (-17.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Motor-working Tools were:
China $3.37B
Germany $1.3B
Chinese Taipei $897M
In 2022, Malaysia's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.7M
TOP IMPORT POTENTIALChina+ $33.2M

Motor-working Tools’s highest export potential is United States. With an export gap of $33.7M.   Motor-working Tools’s highest import potential is China with an import gap of $33.2M.

See methodology.

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