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2022
Exports $4.27MWorld Rnk 20 / 104
Flag Rnk 770 / 1198
2022
Destination $768k Indonesia
2021 - 2022
FASTEST GROWING MARKET $768kIndonesia
2022
Imports $33MWorld Rnk 6 / 185
Flag Rnk 600 / 1203
2022
Origin $8.55M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $8.55MSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.27M in Nitric Acids, making it the 20th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 770th most exported product in Malaysia. The main destination of Nitric Acids exports from Malaysia are: Indonesia ($1.84M), Singapore ($635k), Sri Lanka ($533k), Australia ($359k), and Vietnam ($312k).

The fastest growing export markets for Nitric Acids of Malaysia between 2021 and 2022 were Indonesia ($768k), Sri Lanka ($311k), and Vietnam ($253k).

Imports In 2022, Malaysia imported $33M in Nitric Acids, becoming the 6th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 600th most imported product in Malaysia. Malaysia imports Nitric Acids primarily from: South Korea ($30.3M), China ($1.15M), Singapore ($789k), Chinese Taipei ($365k), and Germany ($140k).

The fastest growing import markets in Nitric Acids for Malaysia between 2021 and 2022 were South Korea ($8.55M), Singapore ($500k), and United States ($59.8k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Nitric Acids exports accounted up to MYR1.33M and imports accounted up to MYR11.8M, resulting in a negative trade balance of MYR10.5M. Between August 2023 and August 2024 the exports of Malaysia's   Nitric Acids have decreased by MYR-571k (-30.1%) from MYR1.9M to MYR1.33M, while imports increased by MYR3.79M (47.3%) from MYR8.02M to MYR11.8M.

Destinations In August 2024, Nitric Acids were exported mostly to Indonesia (MYR654k), Sri Lanka (MYR165k), Philippines (MYR163k), Singapore (MYR152k), and Vietnam (MYR73.7k), and were imported mostly from South Korea (MYR11.2M), Singapore (MYR427k), Chinese Taipei (MYR116k), Thailand (MYR77.4k), and Japan (MYR35.1k).

Growth In August 2024, the decrease in Nitric Acids's year-by-year exports was explained primarily by a decrease in exports to Sri Lanka (MYR-395k or -87.1%) and Australia (MYR-55k or -17%). In August 2024, the increase in Nitric Acids's year-by-year imports was explained primarily by an increase in imports from Japan (MYR31.5k or 307%) and Singapore (MYR15.2k or 4.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-571k(-30.1%)
IMPORT GROWTH (August 2023 - August 2024)MYR3.79M(47.3%)
MAIN DESTINATION (August 2024)IndonesiaMYR654k

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.27M
IMPORTS (2022)$33M
NET TRADE (2022)-$28.8M

In 2022, Malaysia exported $4.27M in Nitric Acids. The main destinations of Malaysia exports on Nitric Acids were Indonesia ($1.84M), Singapore ($635k), Sri Lanka ($533k), Australia ($359k), and Vietnam ($312k).

In 2022, Malaysia imported $33M in Nitric Acids, mainly from South Korea ($30.3M), China ($1.15M), Singapore ($789k), Chinese Taipei ($365k), and Germany ($140k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$768k (71.6%)
Sri Lanka$311k (141%)
Vietnam$253k (424%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Malaysia WERE (2021 - 2022):
Thailand-$168k (-55.6%)
Saudi Arabia-$61.1k (-100%)
New Caledonia-$12.2k (-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 Nitric Acids were:
South Korea $154M
Belgium $142M
Germany $100M
In 2022, Malaysia's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $118k
TOP IMPORT POTENTIALChina+ $265k

Nitric Acids’s highest export potential is Thailand. With an export gap of $118k.   Nitric Acids’s highest import potential is China with an import gap of $265k.

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