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2022
Exports $434kWorld Rnk 42 / 112
Flag Rnk 1024 / 1198
2022
Destination $10.8k Indonesia
2021 - 2022
FASTEST GROWING MARKET $10.8kVietnam
2022
PRODUCT COMPLEXITY IN Soapstone-0.16Rnk 602 / 1025
2022
Imports $9.66MWorld Rnk 24 / 195
Flag Rnk 829 / 1203
2022
Origin $85.3k China
2021 - 2022
FASTEST GROWING ORIGIN $85.3kIndia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $434k in Soapstone, making it the 42nd largest exporter of Soapstone in the world. At the same year, Soapstone was the 1024th most exported product in Malaysia. The main destination of Soapstone exports from Malaysia are: Indonesia ($234k), Thailand ($58k), Singapore ($27.5k), Hong Kong ($25.7k), and Australia ($19.1k).

The fastest growing export markets for Soapstone of Malaysia between 2021 and 2022 were Vietnam ($10.8k), Maldives ($10.8k), and Australia ($9.47k).

Imports In 2022, Malaysia imported $9.66M in Soapstone, becoming the 24th largest importer of Soapstone in the world. At the same year, Soapstone was the 829th most imported product in Malaysia. Malaysia imports Soapstone primarily from: China ($6.25M), India ($2M), United States ($554k), Japan ($266k), and Singapore ($122k).

The fastest growing import markets in Soapstone for Malaysia between 2021 and 2022 were India ($85.3k), Singapore ($75.3k), and China ($24.6k).

Latest Trends

July 2024

About

Overview In July 2024 Malaysia's Soapstone exports accounted up to MYR195k and imports accounted up to MYR2.71M, resulting in a negative trade balance of MYR2.51M. Between July 2023 and July 2024 the exports of Malaysia's   Soapstone have increased by MYR137k (238%) from MYR57.6k to MYR195k, while imports decreased by MYR-2.02M (-42.7%) from MYR4.72M to MYR2.71M.

Destinations In July 2024, Soapstone were exported mostly to Thailand (MYR144k), Singapore (MYR31.7k), Maldives (MYR11.6k), and India (MYR7.5k), and were imported mostly from China (MYR1.47M), India (MYR746k), United States (MYR263k), Italy (MYR67.2k), and Vietnam (MYR64.5k).

Growth In July 2024, the increase in Soapstone's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Soapstone's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-180k or -65.3%) and Japan (MYR-24k or -27.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)MYR137k(238%)
IMPORT GROWTH (July 2023 - July 2024)MYR-2.02M(-42.7%)
MAIN DESTINATION (July 2024)ThailandMYR144k

This section shows Soapstone'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 Soapstone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$434k
IMPORTS (2022)$9.66M
NET TRADE (2022)-$9.23M

In 2022, Malaysia exported $434k in Soapstone. The main destinations of Malaysia exports on Soapstone were Indonesia ($234k), Thailand ($58k), Singapore ($27.5k), Hong Kong ($25.7k), and Australia ($19.1k).

In 2022, Malaysia imported $9.66M in Soapstone, mainly from China ($6.25M), India ($2M), United States ($554k), Japan ($266k), and Singapore ($122k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Vietnam$10.8k (202%)
Maldives$10.8k (301%)
Australia$9.47k (98.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY Malaysia WERE (2021 - 2022):
Philippines-$59k (-93.1%)
Hong Kong-$50.2k (-66.1%)
Indonesia-$45.9k (-16.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Soapstone were:
China $195M
United States $116M
Pakistan $113M
In 2022, Malaysia's main importing competitors in Soapstone were:
Germany $124M
United States $123M
Japan $83.6M

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $114k
TOP IMPORT POTENTIALIndia+ $434k

Soapstone’s highest export potential is Indonesia. With an export gap of $114k.   Soapstone’s highest import potential is India with an import gap of $434k.

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