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2023
Exports $106MWorld Rnk 2 / 109
Flag Rnk 263 / 1208
2023
Destination $267k China
2022 - 2023
FASTEST GROWING MARKET $267kPakistan
2023
PRODUCT COMPLEXITY IN Rubber Thread0.34Rnk 444 / 1025
2023
Imports $2.02MWorld Rnk 38 / 198
Flag Rnk 1016 / 1211
2023
Origin $63k China
2022 - 2023
FASTEST GROWING ORIGIN $63kGermany
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $106M in Rubber Thread, making it the 2nd largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 263rd most exported product in Malaysia. The main destination of Rubber Thread exports from Malaysia are: China ($43M), Bangladesh ($15.1M), Indonesia ($6.27M), Brazil ($4.42M), and Italy ($4.14M).

The fastest growing export markets for Rubber Thread of Malaysia between 2022 and 2023 were Pakistan ($267k), India ($250k), and Singapore ($89.1k).

Imports In 2023, Malaysia imported $2.02M in Rubber Thread, becoming the 38th largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 1016th most imported product in Malaysia. Malaysia imports Rubber Thread primarily from: China ($969k), Thailand ($774k), Germany ($142k), United States ($40.4k), and South Korea ($27.1k).

The fastest growing import markets in Rubber Thread for Malaysia between 2022 and 2023 were Germany ($63k), South Korea ($24.1k), and Brazil ($18.2k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Rubber Thread exports accounted up to MYR52.5M and imports accounted up to MYR1.19M, resulting in a positive trade balance of MYR51.3M. Between November 2023 and November 2024 the exports of Malaysia's   Rubber Thread have increased by MYR16M (44.1%) from MYR36.4M to MYR52.5M, while imports increased by MYR110k (10.2%) from MYR1.08M to MYR1.19M.

Destinations In November 2024, Rubber Thread were exported mostly to China (MYR18.1M), Bangladesh (MYR13.5M), Indonesia (MYR3.58M), South Korea (MYR2.71M), and Vietnam (MYR2.3M), and were imported mostly from Germany (MYR480k), China (MYR421k), Thailand (MYR244k), Japan (MYR42k), and United States (MYR1.65k).

Growth In November 2024, the increase in Rubber Thread's year-by-year exports was explained primarily by an increase in exports to Mexico (MYR1.28M or 354%), Russia (MYR445k or 128%), and India (MYR339k or 77.7%). In November 2024, the increase in Rubber Thread's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (MYR23.8k or 163%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR16M(44.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR110k(10.2%)
MAIN DESTINATION (November 2024)ChinaMYR18.1M

This section shows Rubber Thread'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 Rubber Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$106M
IMPORTS (2023)$2.02M
NET TRADE (2023)$104M

In 2023, Malaysia exported $106M in Rubber Thread. The main destinations of Malaysia exports on Rubber Thread were China ($43M), Bangladesh ($15.1M), Indonesia ($6.27M), Brazil ($4.42M), and Italy ($4.14M).

In 2023, Malaysia imported $2.02M in Rubber Thread, mainly from China ($969k), Thailand ($774k), Germany ($142k), United States ($40.4k), and South Korea ($27.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Pakistan$267k (72.2%)
India$250k (14.2%)
Singapore$89.1k (387%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY Malaysia WERE (2022 - 2023):
China-$26.8M (-38.4%)
Bangladesh-$15.3M (-50.3%)
Italy-$2.93M (-41.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Rubber Thread were:
Thailand $282M
China $53.2M
In 2023, Malaysia's main importing competitors in Rubber Thread were:
China $240M
Vietnam $23M
Bangladesh $22.2M

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.37M
TOP IMPORT POTENTIALThailand+ $935k

Rubber Thread’s highest export potential is Indonesia. With an export gap of $1.37M.   Rubber Thread’s highest import potential is Thailand with an import gap of $935k.

See methodology.

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