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2022
Exports $183MWorld Rnk 12 / 210
Flag Rnk 195 / 1198
2022
Destination $8.32M Indonesia
2021 - 2022
FASTEST GROWING MARKET $8.32MPanama
2022
PRODUCT COMPLEXITY IN Other Knit Garments-1.33Rnk 917 / 1025
2022
Imports $437MWorld Rnk 5 / 217
Flag Rnk 126 / 1203
2022
Origin $208M China
2021 - 2022
FASTEST GROWING ORIGIN $208MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $183M in Other Knit Garments, making it the 12th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 195th most exported product in Malaysia. The main destination of Other Knit Garments exports from Malaysia are: Indonesia ($25.8M), Australia ($14.4M), Panama ($12.3M), Germany ($11.2M), and Belgium ($10.3M).

The fastest growing export markets for Other Knit Garments of Malaysia between 2021 and 2022 were Panama ($8.32M), Australia ($6.55M), and China ($4.44M).

Imports In 2022, Malaysia imported $437M in Other Knit Garments, becoming the 5th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 126th most imported product in Malaysia. Malaysia imports Other Knit Garments primarily from: China ($268M), Bangladesh ($44.5M), Indonesia ($26.2M), Cambodia ($18.1M), and Vietnam ($15.5M).

The fastest growing import markets in Other Knit Garments for Malaysia between 2021 and 2022 were China ($208M), Chinese Taipei ($9.2M), and Indonesia ($5.16M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Other Knit Garments exports accounted up to MYR57.1M and imports accounted up to MYR95.5M, resulting in a negative trade balance of MYR38.4M. Between June 2023 and June 2024 the exports of Malaysia's   Other Knit Garments have decreased by MYR-32.9M (-36.6%) from MYR90.1M to MYR57.1M, while imports decreased by MYR-15.5M (-13.9%) from MYR111M to MYR95.5M.

Destinations In June 2024, Other Knit Garments were exported mostly to South Africa (MYR5.06M), Singapore (MYR4.44M), Panama (MYR3.95M), United Kingdom (MYR3.49M), and Egypt (MYR3.45M), and were imported mostly from Bangladesh (MYR18M), Vietnam (MYR15.9M), China (MYR13.5M), Indonesia (MYR10.8M), and India (MYR10.8M).

Growth In June 2024, the decrease in Other Knit Garments's year-by-year exports was explained primarily by a decrease in exports to Indonesia (MYR-4.37M or -100%), Turkey (MYR-3.68M or -50.5%), and Finland (MYR-2.82M or -100%). In June 2024, the decrease in Other Knit Garments's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-3.44M or -48.6%), Japan (MYR-2.42M or -95.9%), and Philippines (MYR-1.5M or -38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-32.9M(-36.6%)
IMPORT GROWTH (June 2023 - June 2024)MYR-15.5M(-13.9%)
MAIN DESTINATION (June 2024)South AfricaMYR5.06M

This section shows Other Knit Garments'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 Other Knit Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$183M
IMPORTS (2022)$437M
NET TRADE (2022)-$253M

In 2022, Malaysia exported $183M in Other Knit Garments. The main destinations of Malaysia exports on Other Knit Garments were Indonesia ($25.8M), Australia ($14.4M), Panama ($12.3M), Germany ($11.2M), and Belgium ($10.3M).

In 2022, Malaysia imported $437M in Other Knit Garments, mainly from China ($268M), Bangladesh ($44.5M), Indonesia ($26.2M), Cambodia ($18.1M), and Vietnam ($15.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Panama$8.32M (209%)
Australia$6.55M (83.2%)
China$4.44M (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY Malaysia WERE (2021 - 2022):
Russia-$4.74M (-88.9%)
New Zealand-$2.48M (-45.3%)
Hong Kong-$2.16M (-70.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Other Knit Garments were:
China $3.22B
Bangladesh $791M
Vietnam $607M
In 2022, Malaysia's main importing competitors in Other Knit Garments were:
United States $2.12B
Germany $894M
Spain $498M

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.04M
TOP IMPORT POTENTIALBangladesh+ $10.7M

Other Knit Garments’s highest export potential is United States. With an export gap of $5.04M.   Other Knit Garments’s highest import potential is Bangladesh with an import gap of $10.7M.

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