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2022
Exports $506MWorld Rnk 31 / 203
Flag Rnk 99 / 1198
2022
Destination $55.7M United States
2021 - 2022
FASTEST GROWING MARKET $55.7MUnited States
2022
PRODUCT COMPLEXITY IN Rubber Tires0.16Rnk 500 / 1025
2022
Imports $888MWorld Rnk 23 / 225
Flag Rnk 59 / 1203
2022
Origin $61M China
2021 - 2022
FASTEST GROWING ORIGIN $61MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $506M in Rubber Tires, making it the 31st largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 99th most exported product in Malaysia. The main destination of Rubber Tires exports from Malaysia are: United States ($252M), Brazil ($79M), Germany ($22.8M), Thailand ($22.7M), and Australia ($15.8M).

The fastest growing export markets for Rubber Tires of Malaysia between 2021 and 2022 were United States ($55.7M), Brazil ($26.9M), and Germany ($4.99M).

Imports In 2022, Malaysia imported $888M in Rubber Tires, becoming the 23rd largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 59th most imported product in Malaysia. Malaysia imports Rubber Tires primarily from: China ($383M), Thailand ($232M), Indonesia ($84.8M), Japan ($43.2M), and Vietnam ($38.8M).

The fastest growing import markets in Rubber Tires for Malaysia between 2021 and 2022 were China ($61M), Thailand ($49.3M), and Indonesia ($25.7M).

COMPANIES In 2023, leading companies such as Yokohama Industries (41) and Continental Tire (1) were at the forefront of shipping Rubber Tires from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Rubber Tires exports accounted up to MYR128M and imports accounted up to MYR357M, resulting in a negative trade balance of MYR229M. Between August 2023 and August 2024 the exports of Malaysia's   Rubber Tires have decreased by MYR-66.8M (-34.2%) from MYR195M to MYR128M, while imports increased by MYR90.9M (34.1%) from MYR267M to MYR357M.

Destinations In August 2024, Rubber Tires were exported mostly to United States (MYR57.5M), Brazil (MYR19.1M), Australia (MYR8.14M), Germany (MYR6.64M), and Thailand (MYR4.94M), and were imported mostly from China (MYR126M), Thailand (MYR114M), Indonesia (MYR50M), Vietnam (MYR17.9M), and Japan (MYR14.5M).

Growth In August 2024, the decrease in Rubber Tires's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-3.09M or -36.7%), Australia (MYR-1.5M or -21.5%), and Vietnam (MYR-1.46M or -74.3%). In August 2024, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Thailand (MYR10.7M or 17.9%), Japan (MYR4.13M or 40.1%), and Philippines (MYR2.16M or 1.24k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-66.8M(-34.2%)
IMPORT GROWTH (August 2023 - August 2024)MYR90.9M(34.1%)
MAIN DESTINATION (August 2024)United StatesMYR57.5M

This section shows Rubber Tires'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 Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$506M
IMPORTS (2022)$888M
NET TRADE (2022)-$382M

In 2022, Malaysia exported $506M in Rubber Tires. The main destinations of Malaysia exports on Rubber Tires were United States ($252M), Brazil ($79M), Germany ($22.8M), Thailand ($22.7M), and Australia ($15.8M).

In 2022, Malaysia imported $888M in Rubber Tires, mainly from China ($383M), Thailand ($232M), Indonesia ($84.8M), Japan ($43.2M), and Vietnam ($38.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$55.7M (28.4%)
Brazil$26.9M (51.6%)
Germany$4.99M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Malaysia WERE (2021 - 2022):
Russia-$9.72M (-71.8%)
Turkey-$3.38M (-84.1%)
Australia-$2.36M (-13%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Rubber Tires were:
China $19.6B
Thailand $7.2B
Germany $5.83B
In 2022, Malaysia's main importing competitors in Rubber Tires were:
United States $19B
Germany $7.38B
France $4.51B

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.4M
TOP IMPORT POTENTIALChina+ $77.5M

Rubber Tires’s highest export potential is United States. With an export gap of $34.4M.   Rubber Tires’s highest import potential is China with an import gap of $77.5M.

See methodology.

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