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2023
Exports $16MWorld Rnk 37 / 108
Flag Rnk 539 / 1208
2023
Destination $5.59M Saudi Arabia
2022 - 2023
FASTEST GROWING MARKET $5.59MThailand
2023
PRODUCT COMPLEXITY IN Other Sea Vessels-0.41Rnk 668 / 1025
2023
Imports $23.3MWorld Rnk 34 / 186
Flag Rnk 643 / 1211
2023
Origin $20M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $20MThailand
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $16M in Other Sea Vessels, making it the 37th largest exporter of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 539th most exported product in Malaysia. The main destination of Other Sea Vessels exports from Malaysia are: Saudi Arabia ($6.57M), Thailand ($6.05M), United Arab Emirates ($2.42M), Chinese Taipei ($506k), and Australia ($365k).

The fastest growing export markets for Other Sea Vessels of Malaysia between 2022 and 2023 were Thailand ($5.59M), United Arab Emirates ($2.42M), and Australia ($243k).

Imports In 2023, Malaysia imported $23.3M in Other Sea Vessels, becoming the 34th largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 643rd most imported product in Malaysia. Malaysia imports Other Sea Vessels primarily from: Thailand ($20.9M), France ($788k), China ($408k), Japan ($326k), and United Kingdom ($241k).

The fastest growing import markets in Other Sea Vessels for Malaysia between 2022 and 2023 were Thailand ($20M), France ($788k), and Japan ($326k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Other Sea Vessels exports accounted up to MYR172k and imports accounted up to MYR272k, resulting in a negative trade balance of MYR99.4k. Between August 2023 and November 2024 the exports of Malaysia's   Other Sea Vessels have decreased by MYR-152k (-46.9%) from MYR324k to MYR172k, while imports decreased by MYR-167k (-38%) from MYR438k to MYR272k.

Destinations In November 2024, Other Sea Vessels were exported mostly to Indonesia (MYR172k), and were imported mostly from Singapore (MYR152k), China (MYR117k), and United States (MYR2.96k).

Growth In November 2024, the decrease in Other Sea Vessels's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Other Sea Vessels's year-by-year imports was explained primarily by a decrease in imports from China (MYR-2.24M or -87.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - November 2024)MYR-152k(-46.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR-167k(-38%)
MAIN DESTINATION (November 2024)IndonesiaMYR172k

This section shows Other Sea Vessels'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 Sea Vessels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$16M
IMPORTS (2023)$23.3M
NET TRADE (2023)-$7.28M

In 2023, Malaysia exported $16M in Other Sea Vessels. The main destinations of Malaysia exports on Other Sea Vessels were Saudi Arabia ($6.57M), Thailand ($6.05M), United Arab Emirates ($2.42M), Chinese Taipei ($506k), and Australia ($365k).

In 2023, Malaysia imported $23.3M in Other Sea Vessels, mainly from Thailand ($20.9M), France ($788k), China ($408k), Japan ($326k), and United Kingdom ($241k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Sea Vessels EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Thailand$5.59M (1.21k%)
United Arab Emirates$2.42M (1%)
Australia$243k (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY Malaysia WERE (2022 - 2023):
Saudi Arabia-$2.43M (-27%)
United Kingdom-$890k (-100%)
Switzerland-$137k (-100%)
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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 Sea Vessels were:
Saudi Arabia $1.44B
India $493M
China $390M
In 2023, Malaysia's main importing competitors in Other Sea Vessels were:
United Arab Emirates $774M
Saudi Arabia $615M
Qatar $402M

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Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $136k
TOP IMPORT POTENTIALSouth Korea+ $247k

Other Sea Vessels’s highest export potential is Singapore. With an export gap of $136k.   Other Sea Vessels’s highest import potential is South Korea with an import gap of $247k.

See methodology.

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