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2022
Exports $68.8MWorld Rnk 16 / 157
Flag Rnk 331 / 1198
2022
Destination $29M China
2021 - 2022
FASTEST GROWING MARKET $29MChina
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $201MWorld Rnk 20 / 215
Flag Rnk 231 / 1203
2022
Origin $15.9M Japan
2021 - 2022
FASTEST GROWING ORIGIN $15.9MJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $68.8M in Silicone, making it the 16th largest exporter of Silicone in the world. At the same year, Silicone was the 331st most exported product in Malaysia. The main destination of Silicone exports from Malaysia are: China ($32M), Thailand ($5.83M), United States ($4.97M), Netherlands ($2.66M), and Japan ($2.2M).

The fastest growing export markets for Silicone of Malaysia between 2021 and 2022 were China ($29M), Thailand ($2.22M), and United States ($1.74M).

Imports In 2022, Malaysia imported $201M in Silicone, becoming the 20th largest importer of Silicone in the world. At the same year, Silicone was the 231st most imported product in Malaysia. Malaysia imports Silicone primarily from: Japan ($58.9M), China ($49.3M), United States ($24.4M), Thailand ($20.1M), and Singapore ($12.8M).

The fastest growing import markets in Silicone for Malaysia between 2021 and 2022 were Japan ($15.9M), China ($15M), and Thailand ($6.29M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Silicone exports accounted up to MYR16.4M and imports accounted up to MYR69.6M, resulting in a negative trade balance of MYR53.2M. Between June 2023 and June 2024 the exports of Malaysia's   Silicone have increased by MYR8.36M (104%) from MYR8.05M to MYR16.4M, while imports decreased by MYR-912k (-1.29%) from MYR70.5M to MYR69.6M.

Destinations In June 2024, Silicone were exported mostly to China (MYR3.2M), Singapore (MYR2.5M), Thailand (MYR1.94M), Sri Lanka (MYR1.44M), and Indonesia (MYR810k), and were imported mostly from China (MYR17.5M), Japan (MYR13M), Singapore (MYR9.03M), United States (MYR8.01M), and Germany (MYR6.64M).

Growth In June 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to China (MYR12.4M or 1.3k%), Singapore (MYR1.32M or 366%), and Thailand (MYR991k or 73.4%). In June 2024, the decrease in Silicone's year-by-year imports was explained primarily by a decrease in imports from China (MYR-11.7M or -54.2%), United States (MYR-6.55M or -35.3%), and South Korea (MYR-2.64M or -79.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR8.36M(104%)
IMPORT GROWTH (June 2023 - June 2024)MYR-912k(-1.29%)
MAIN DESTINATION (June 2024)ChinaMYR3.2M

This section shows Silicone'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 Silicone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$68.8M
IMPORTS (2022)$201M
NET TRADE (2022)-$132M

In 2022, Malaysia exported $68.8M in Silicone. The main destinations of Malaysia exports on Silicone were China ($32M), Thailand ($5.83M), United States ($4.97M), Netherlands ($2.66M), and Japan ($2.2M).

In 2022, Malaysia imported $201M in Silicone, mainly from Japan ($58.9M), China ($49.3M), United States ($24.4M), Thailand ($20.1M), and Singapore ($12.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$29M (964%)
Thailand$2.22M (61.4%)
United States$1.74M (53.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Malaysia WERE (2021 - 2022):
Belgium-$349k (-100%)
Chinese Taipei-$308k (-49.6%)
India-$301k (-13.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Malaysia's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.97M
TOP IMPORT POTENTIALChina+ $9.79M

Silicone’s highest export potential is China. With an export gap of $4.97M.   Silicone’s highest import potential is China with an import gap of $9.79M.

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