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2022
Exports $4.93MWorld Rnk 45 / 162
Flag Rnk 745 / 1198
2022
Destination $846k Thailand
2021 - 2022
FASTEST GROWING MARKET $846kThailand
2022
PRODUCT COMPLEXITY IN Precious Stones-1.14Rnk 866 / 1025
2022
Imports $19.9MWorld Rnk 23 / 185
Flag Rnk 712 / 1203
2022
Origin $2.28M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $2.28MSri Lanka
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.93M in Precious Stones, making it the 45th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 745th most exported product in Malaysia. The main destination of Precious Stones exports from Malaysia are: Thailand ($1.71M), Hong Kong ($1.38M), Singapore ($656k), Switzerland ($536k), and United States ($229k).

The fastest growing export markets for Precious Stones of Malaysia between 2021 and 2022 were Thailand ($846k), Switzerland ($534k), and United States ($172k).

Imports In 2022, Malaysia imported $19.9M in Precious Stones, becoming the 23rd largest importer of Precious Stones in the world. At the same year, Precious Stones was the 712th most imported product in Malaysia. Malaysia imports Precious Stones primarily from: Thailand ($5.6M), Hong Kong ($5.33M), Sri Lanka ($4.19M), Brazil ($1.38M), and Singapore ($981k).

The fastest growing import markets in Precious Stones for Malaysia between 2021 and 2022 were Sri Lanka ($2.28M), Thailand ($1.8M), and Singapore ($670k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Precious Stones exports accounted up to MYR2.21M and imports accounted up to MYR2.46M, resulting in a negative trade balance of MYR246k. Between September 2023 and September 2024 the exports of Malaysia's   Precious Stones have decreased by MYR-12.5M (-85%) from MYR14.7M to MYR2.21M, while imports decreased by MYR-6.13M (-71.4%) from MYR8.59M to MYR2.46M.

Destinations In September 2024, Precious Stones were exported mostly to Thailand (MYR993k), Singapore (MYR634k), Hong Kong (MYR454k), Poland (MYR75.3k), and United States (MYR30.2k), and were imported mostly from N/A.

Growth In September 2024, the decrease in Precious Stones's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (MYR-102k or -22.5%), South Korea (MYR-10.4k or -97.3%), and China (MYR-8.03k or -98.8%). In September 2024, the decrease in Precious Stones's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-12.5M(-85%)
IMPORT GROWTH (September 2023 - September 2024)MYR-6.13M(-71.4%)
MAIN DESTINATION (September 2024)ThailandMYR993k

This section shows Precious Stones'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 Precious Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.93M
IMPORTS (2022)$19.9M
NET TRADE (2022)-$15M

In 2022, Malaysia exported $4.93M in Precious Stones. The main destinations of Malaysia exports on Precious Stones were Thailand ($1.71M), Hong Kong ($1.38M), Singapore ($656k), Switzerland ($536k), and United States ($229k).

In 2022, Malaysia imported $19.9M in Precious Stones, mainly from Thailand ($5.6M), Hong Kong ($5.33M), Sri Lanka ($4.19M), Brazil ($1.38M), and Singapore ($981k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Thailand$846k (98.4%)
Switzerland$534k (29.4k%)
United States$172k (303%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Malaysia WERE (2021 - 2022):
Hong Kong-$517k (-27.2%)
Germany-$413k (-87.3%)
Denmark-$27.3k (-96.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Precious Stones were:
Burma $4.13B
Thailand $1.37B
United States $1.37B
In 2022, Malaysia's main importing competitors in Precious Stones were:
China $4.35B
United States $1.68B
Hong Kong $1.32B

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.1M
TOP IMPORT POTENTIALThailand+ $3.36M

Precious Stones’s highest export potential is Thailand. With an export gap of $1.1M.   Precious Stones’s highest import potential is Thailand with an import gap of $3.36M.

See methodology.

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