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2023
Exports $325MWorld Rnk 23 / 224
Flag Rnk 124 / 1208
2023
Destination $5.98M United States
2022 - 2023
FASTEST GROWING MARKET $5.98MChile
2023
PRODUCT COMPLEXITY IN Other Rubber Products0.73Rnk 273 / 1025
2023
Imports $327MWorld Rnk 30 / 226
Flag Rnk 137 / 1211
2023
Origin $25.4M China
2022 - 2023
FASTEST GROWING ORIGIN $25.4MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $325M in Other Rubber Products, making it the 23rd largest exporter of Other Rubber Products in the world. At the same year, Other Rubber Products was the 124th most exported product in Malaysia. The main destination of Other Rubber Products exports from Malaysia are: United States ($42.6M), Japan ($36M), Singapore ($30.2M), Thailand ($29.5M), and China ($28.9M).

The fastest growing export markets for Other Rubber Products of Malaysia between 2022 and 2023 were Chile ($5.98M), Philippines ($4.32M), and Mexico ($3.55M).

Imports In 2023, Malaysia imported $327M in Other Rubber Products, becoming the 30th largest importer of Other Rubber Products in the world. At the same year, Other Rubber Products was the 137th most imported product in Malaysia. Malaysia imports Other Rubber Products primarily from: China ($103M), Thailand ($40.5M), Singapore ($39.9M), Japan ($32.4M), and United States ($25.1M).

The fastest growing import markets in Other Rubber Products for Malaysia between 2022 and 2023 were China ($25.4M), Singapore ($19.8M), and Indonesia ($5.37M).

COMPANIES In 2023, leading companies such as Tesla (36), IKEA Group (8), and Robert Bosch (1) were at the forefront of shipping Other Rubber Products from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Other Rubber Products exports accounted up to MYR92.5M and imports accounted up to MYR133M, resulting in a negative trade balance of MYR40.6M. Between November 2023 and November 2024 the exports of Malaysia's   Other Rubber Products have decreased by MYR-15.8M (-14.6%) from MYR108M to MYR92.5M, while imports increased by MYR4.09M (3.17%) from MYR129M to MYR133M.

Destinations In November 2024, Other Rubber Products were exported mostly to Singapore (MYR13.7M), United States (MYR13.2M), China (MYR10.8M), Japan (MYR9.1M), and Thailand (MYR5.39M), and were imported mostly from China (MYR36.5M), Thailand (MYR16.8M), Singapore (MYR16.2M), United States (MYR11.9M), and Japan (MYR11M).

Growth In November 2024, the decrease in Other Rubber Products's year-by-year exports was explained primarily by a decrease in exports to Australia (MYR-2.44M or -52.4%), Singapore (MYR-1.59M or -12.1%), and United Kingdom (MYR-1.28M or -52.6%). In November 2024, the increase in Other Rubber Products's year-by-year imports was explained primarily by an increase in imports from Japan (MYR4.51M or 38.1%), United States (MYR2.39M or 26.1%), and South Korea (MYR1.96M or 242%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-15.8M(-14.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR4.09M(3.17%)
MAIN DESTINATION (November 2024)SingaporeMYR13.7M

This section shows Other Rubber Products'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 Rubber Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$325M
IMPORTS (2023)$327M
NET TRADE (2023)-$1.94M

In 2023, Malaysia exported $325M in Other Rubber Products. The main destinations of Malaysia exports on Other Rubber Products were United States ($42.6M), Japan ($36M), Singapore ($30.2M), Thailand ($29.5M), and China ($28.9M).

In 2023, Malaysia imported $327M in Other Rubber Products, mainly from China ($103M), Thailand ($40.5M), Singapore ($39.9M), Japan ($32.4M), and United States ($25.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Rubber Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Chile$5.98M (483%)
Philippines$4.32M (54.1%)
Mexico$3.55M (36.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Rubber Products BY Malaysia WERE (2022 - 2023):
Singapore-$5.59M (-15.6%)
China-$4.15M (-12.6%)
United States-$3.82M (-8.23%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Other Rubber Products were:
China $4.75B
Germany $4.19B
United States $3.64B
In 2023, Malaysia's main importing competitors in Other Rubber Products were:
United States $4.84B
Germany $3.55B
Mexico $1.84B

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Trade Value of Other Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.7M
TOP IMPORT POTENTIALChina+ $23.4M

Other Rubber Products’s highest export potential is United States. With an export gap of $18.7M.   Other Rubber Products’s highest import potential is China with an import gap of $23.4M.

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