Rubber Tires in Malaysia 2020 Exports | Imports : $321M | $611M, World Rnk 33 / 194 Rnk 103 / 1194 | World Rnk 26 / 224 Rnk 63 / 1208
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $51.3M | $37.9M, United States | China
2020 ECONOMIC COMPLEXITY of Malaysia: 1.02, Rnk 25 / 127
2020 PRODUCT COMPLEXITY IN Rubber Tires: 0.28, Rnk 450 / 1029
Exports In 2020, Malaysia exported $321M in Rubber Tires, making it the 33rd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 103rd most exported product in Malaysia. The main destination of Rubber Tires exports from Malaysia are: United States ($134M), Thailand ($25M), Brazil ($19.9M), Australia ($17.2M), and Russia ($15.1M).
The fastest growing export markets for Rubber Tires of Malaysia between 2019 and 2020 were United States ($51.3M), Brazil ($5.17M), and Turkey ($5.02M).
Imports In 2020, Malaysia imported $611M in Rubber Tires, becoming the 26th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 63rd most imported product in Malaysia. Malaysia imports Rubber Tires primarily from: China ($256M), Thailand ($169M), Indonesia ($61.1M), Vietnam ($36.8M), and Japan ($23.7M).
The fastest growing import markets in Rubber Tires for Malaysia between 2019 and 2020 were China ($37.9M), Singapore ($3.78M), and Italy ($1.12M).
Tariffs In 2016, the average tariff for Malaysia in Rubber Tires was 21.8%. The countries with the highest import tariffs for Rubber Tires were Angola (Most Favoured Nation duty rate treatement, 21.8%), Burundi (Most Favoured Nation duty rate treatement, 21.8%), Benin (Most Favoured Nation duty rate treatement, 21.8%), Burkina Faso (Most Favoured Nation duty rate treatement, 21.8%), and Botswana (Most Favoured Nation duty rate treatement, 21.8%).
September 2020
Overview In September 2020 Malaysia's Rubber Tires exports accounted up to MYR124M and imports accounted up to MYR234M, resulting in a negative trade balance of MYR110M. Between September 2019 and September 2020 the exports of Malaysia's Rubber Tires have increased by MYR11.1M (9.79%) from MYR113M to MYR124M, while imports increased by MYR26M (12.5%) from MYR208M to MYR234M.
Destinations In September 2020, Rubber Tires were exported mostly to United States (MYR53.9M), Thailand (MYR9.82M), Brazil (MYR9.65M), Australia (MYR9.03M), and Germany (MYR6.15M), and were imported mostly from China (MYR87.4M), Thailand (MYR79.5M), Indonesia (MYR25M), Vietnam (MYR16.3M), and Japan (MYR6.71M).
Growth In September 2020, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Canada (MYR1.74M or 261%), Australia (MYR1.71M or 12.5%), and Japan (MYR1.44M or 94.6%). In September 2020, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Thailand (MYR12.1M or 18.3%), China (MYR3.07M or 8.54%), and Vietnam (MYR2.45M or 19.4%).
EXPORT GROWTH (September 2019 - September 2020): MYR11.1M, (9.79%)
IMPORT GROWTH (September 2019 - September 2020): MYR26M, (12.5%)
MAIN DESTINATION (September 2020): United States, MYR53.9M
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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EXPORTS (2020): $321M
IMPORTS (2020): $611M
NET TRADE (2020): -$290M
In 2020, Malaysia exported $321M in Rubber Tires. The main destinations of Malaysia exports on Rubber Tires were United States ($134M), Thailand ($25M), Brazil ($19.9M), Australia ($17.2M), and Russia ($15.1M).
In 2020, Malaysia imported $611M in Rubber Tires, mainly from China ($256M), Thailand ($169M), Indonesia ($61.1M), Vietnam ($36.8M), and Japan ($23.7M).
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Malaysia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Malaysia WERE (2019 - 2020):
In 2020, Malaysia's main exporting competitors in Rubber Tires were:
In 2020, Malaysia's main importing competitors in Rubber Tires were:
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