Paraffin wax containing Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $191M in Paraffin wax containing <0.75% oil, making it the 2nd largest exporter of Paraffin wax containing <0.75% oil in the world. At the same year, Paraffin wax containing <0.75% oil was the 217th most exported product in Malaysia. The main destination of Paraffin wax containing <0.75% oil exports from Malaysia are: Germany ($46.9M), Japan ($19.1M), Netherlands ($15.7M), China ($15.2M), and Mexico ($14.5M).

The fastest growing export markets for Paraffin wax containing <0.75% oil of Malaysia between 2021 and 2022 were Germany ($16.9M), Netherlands ($12.9M), and Mexico ($11.6M).

Imports In 2022, Malaysia imported $7.86M in Paraffin wax containing <0.75% oil, becoming the 43rd largest importer of Paraffin wax containing <0.75% oil in the world. At the same year, Paraffin wax containing <0.75% oil was the 2105th most imported product in Malaysia. Malaysia imports Paraffin wax containing <0.75% oil primarily from: China ($5.46M), United States ($677k), Japan ($612k), Singapore ($503k), and Italy ($133k).

The fastest growing import markets in Paraffin wax containing <0.75% oil for Malaysia between 2021 and 2022 were China ($813k), Singapore ($475k), and United States ($431k).

COMPANIES In 2023, leading companies such as Halyard Health (1.33k), Coaster Fine Furniture (890), and Motorola (838) were at the forefront of shipping Paraffin wax containing <0.75% oil from Malaysia to the United States.

Latest Trends

June 2024

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Overview In June 2024 Malaysia's Paraffin wax containing <0.75% oil exports accounted up to MYR49.5M and imports accounted up to MYR1.33M, resulting in a positive trade balance of MYR48.2M. Between June 2023 and June 2024 the exports of Malaysia's Paraffin wax containing <0.75% oil have increased by MYR24.8M (100%) from MYR24.7M to MYR49.5M, while imports decreased by MYR-2.93M (-68.7%) from MYR4.27M to MYR1.33M.

Destinations In June 2024, Paraffin wax containing <0.75% oil were exported mostly to United States (MYR14.6M), Germany (MYR8.43M), Japan (MYR6.11M), China (MYR4.49M), and Netherlands (MYR3.73M), and were imported mostly from China (MYR777k), Singapore (MYR289k), Iran (MYR103k), United States (MYR83.9k), and Japan (MYR29.4k).

Growth In June 2024, the increase in Paraffin wax containing <0.75% oil's year-by-year exports was explained primarily by an increase in exports to Netherlands (MYR8.38M or 175%), China (MYR6.63M or 103%), and Japan (MYR4.03M or 298%). In June 2024, the decrease in Paraffin wax containing <0.75% oil's year-by-year imports was explained primarily by a decrease in imports from China (MYR-506k or -30.8%) and Japan (MYR-179k or -89.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR24.8M(100%)

IMPORT GROWTH (June 2023 - June 2024)MYR-2.93M(-68.7%)

MAIN DESTINATION (June 2024)United StatesMYR14.6M

This section shows Paraffin wax containing <0.75% oil'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 Paraffin wax containing <0.75% oil over time.

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