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2022
Exports $2.82MWorld Rnk 26 / 168
Flag Rnk 828 / 1198
2022
Destination $230k Panama
2021 - 2022
FASTEST GROWING MARKET $230kChile
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $18MWorld Rnk 18 / 209
Flag Rnk 737 / 1203
2022
Origin $1.79M China
2021 - 2022
FASTEST GROWING ORIGIN $1.79MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.82M in String Instruments, making it the 26th largest exporter of String Instruments in the world. At the same year, String Instruments was the 828th most exported product in Malaysia. The main destination of String Instruments exports from Malaysia are: Panama ($277k), Chile ($239k), India ($231k), Mexico ($228k), and Brazil ($226k).

The fastest growing export markets for String Instruments of Malaysia between 2021 and 2022 were Chile ($230k), Ecuador ($153k), and India ($84k).

Imports In 2022, Malaysia imported $18M in String Instruments, becoming the 18th largest importer of String Instruments in the world. At the same year, String Instruments was the 737th most imported product in Malaysia. Malaysia imports String Instruments primarily from: China ($12.2M), Singapore ($2.35M), Indonesia ($1.95M), Mexico ($595k), and United States ($543k).

The fastest growing import markets in String Instruments for Malaysia between 2021 and 2022 were Singapore ($1.79M), China ($563k), and Mexico ($338k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's String Instruments exports accounted up to MYR915k and imports accounted up to MYR1.9M, resulting in a negative trade balance of MYR981k. Between August 2023 and August 2024 the exports of Malaysia's   String Instruments have decreased by MYR-72.8k (-7.37%) from MYR988k to MYR915k, while imports increased by MYR485k (34.4%) from MYR1.41M to MYR1.9M.

Destinations In August 2024, String Instruments were exported mostly to Colombia (MYR247k), Singapore (MYR148k), Chinese Taipei (MYR120k), Mexico (MYR114k), and India (MYR88.2k), and were imported mostly from China (MYR1.06M), United States (MYR307k), Indonesia (MYR178k), Mexico (MYR140k), and Germany (MYR77.1k).

Growth In August 2024, the decrease in String Instruments's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei (MYR-89.6k or -96.8%), Philippines (MYR-57.8k or -93.7%), and Colombia (MYR-41.8k or -52.5%). In August 2024, the increase in String Instruments's year-by-year imports was explained primarily by an increase in imports from Mexico (MYR348k or 123%) and United States (MYR315k or 123%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-72.8k(-7.37%)
IMPORT GROWTH (August 2023 - August 2024)MYR485k(34.4%)
MAIN DESTINATION (August 2024)ColombiaMYR247k

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.82M
IMPORTS (2022)$18M
NET TRADE (2022)-$15.2M

In 2022, Malaysia exported $2.82M in String Instruments. The main destinations of Malaysia exports on String Instruments were Panama ($277k), Chile ($239k), India ($231k), Mexico ($228k), and Brazil ($226k).

In 2022, Malaysia imported $18M in String Instruments, mainly from China ($12.2M), Singapore ($2.35M), Indonesia ($1.95M), Mexico ($595k), and United States ($543k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chile$230k (2.73k%)
Ecuador$153k (1%)
India$84k (57%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Malaysia WERE (2021 - 2022):
Sri Lanka-$409k (-86.6%)
Brazil-$239k (-51.3%)
Philippines-$228k (-71.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Malaysia's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $109k
TOP IMPORT POTENTIALIndonesia+ $1.12M

String Instruments’s highest export potential is Singapore. With an export gap of $109k.   String Instruments’s highest import potential is Indonesia with an import gap of $1.12M.

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