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2022
Exports $913MWorld Rnk 9 / 143
Flag Rnk 59 / 1198
2022
Destination $11M China
2021 - 2022
FASTEST GROWING MARKET $11MUnited States
2022
PRODUCT COMPLEXITY IN Styrene Polymers0.75Rnk 262 / 1025
2022
Imports $470MWorld Rnk 12 / 205
Flag Rnk 116 / 1203
2022
Origin $9.78M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $9.78MJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $913M in Styrene Polymers, making it the 9th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 59th most exported product in Malaysia. The main destination of Styrene Polymers exports from Malaysia are: China ($482M), Vietnam ($93.3M), Thailand ($92.8M), Indonesia ($67.5M), and Japan ($25.5M).

The fastest growing export markets for Styrene Polymers of Malaysia between 2021 and 2022 were United States ($11M), Vietnam ($10.6M), and Turkey ($7.54M).

Imports In 2022, Malaysia imported $470M in Styrene Polymers, becoming the 12th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 116th most imported product in Malaysia. Malaysia imports Styrene Polymers primarily from: Chinese Taipei ($101M), Japan ($92.8M), South Korea ($41.5M), China ($40.7M), and Singapore ($37.4M).

The fastest growing import markets in Styrene Polymers for Malaysia between 2021 and 2022 were Japan ($9.78M), United States ($7.25M), and Vietnam ($3.31M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Styrene Polymers exports accounted up to MYR325M and imports accounted up to MYR207M, resulting in a positive trade balance of MYR118M. Between June 2023 and June 2024 the exports of Malaysia's   Styrene Polymers have increased by MYR55M (20.4%) from MYR270M to MYR325M, while imports increased by MYR15M (7.81%) from MYR192M to MYR207M.

Destinations In June 2024, Styrene Polymers were exported mostly to China (MYR172M), Vietnam (MYR31.3M), Thailand (MYR30M), Indonesia (MYR25.2M), and United States (MYR14.2M), and were imported mostly from Chinese Taipei (MYR42.6M), Japan (MYR33.1M), China (MYR24.9M), United States (MYR17.2M), and South Korea (MYR15.7M).

Growth In June 2024, the increase in Styrene Polymers's year-by-year exports was explained primarily by an increase in exports to United States (MYR6.71M or 290%), Philippines (MYR4.11M or 93.7%), and Indonesia (MYR1.43M or 8.24%). In June 2024, the increase in Styrene Polymers's year-by-year imports was explained primarily by an increase in imports from Croatia (MYR6.84M or 417%), United States (MYR2.1M or 14.7%), and United Kingdom (MYR1.63M or 97.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR55M(20.4%)
IMPORT GROWTH (June 2023 - June 2024)MYR15M(7.81%)
MAIN DESTINATION (June 2024)ChinaMYR172M

This section shows Styrene Polymers'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 Styrene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$913M
IMPORTS (2022)$470M
NET TRADE (2022)$443M

In 2022, Malaysia exported $913M in Styrene Polymers. The main destinations of Malaysia exports on Styrene Polymers were China ($482M), Vietnam ($93.3M), Thailand ($92.8M), Indonesia ($67.5M), and Japan ($25.5M).

In 2022, Malaysia imported $470M in Styrene Polymers, mainly from Chinese Taipei ($101M), Japan ($92.8M), South Korea ($41.5M), China ($40.7M), and Singapore ($37.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$11M (180%)
Vietnam$10.6M (12.8%)
Turkey$7.54M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY Malaysia WERE (2021 - 2022):
China-$87.8M (-15.4%)
Indonesia-$5M (-6.9%)
Thailand-$4.43M (-4.55%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Styrene Polymers were:
South Korea $3.93B
Chinese Taipei $3.34B
Germany $1.82B
In 2022, Malaysia's main importing competitors in Styrene Polymers were:
China $4.25B
United States $1.74B
Germany $1.34B

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Trade Value of Styrene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $24M
TOP IMPORT POTENTIALChina+ $14M

Styrene Polymers’s highest export potential is Indonesia. With an export gap of $24M.   Styrene Polymers’s highest import potential is China with an import gap of $14M.

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