2022
Exports
$1.37MWorld Rnk 45 / 142
Flag Rnk 918 / 1198
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$32.1MWorld Rnk 34 / 188
Flag Rnk 607 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia
1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.37M in Tool Plates, making it the 45th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 918th most exported product in Malaysia. The main destination of Tool Plates exports from Malaysia are: United States ($275k), Indonesia ($240k), Singapore ($153k), Germany ($141k), and Thailand ($120k).

The fastest growing export markets for Tool Plates of Malaysia between 2021 and 2022 were China ($87.9k), Germany ($67.8k), and Vietnam ($28k).

Imports In 2022, Malaysia imported $32.1M in Tool Plates, becoming the 34th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 607th most imported product in Malaysia. Malaysia imports Tool Plates primarily from: Singapore ($13.7M), China ($7.97M), Japan ($3.1M), South Korea ($2.67M), and Germany ($1.55M).

The fastest growing import markets in Tool Plates for Malaysia between 2021 and 2022 were South Korea ($744k), China ($314k), and Japan ($232k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR141k(42.8%)
IMPORT GROWTH (June 2023 - June 2024)MYR6.55M(73%)
MAIN DESTINATION (June 2024)United StatesMYR179k

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.37M
IMPORTS (2022)$32.1M
NET TRADE (2022)-$30.7M

In 2022, Malaysia exported $1.37M in Tool Plates. The main destinations of Malaysia exports on Tool Plates were United States ($275k), Indonesia ($240k), Singapore ($153k), Germany ($141k), and Thailand ($120k).

In 2022, Malaysia imported $32.1M in Tool Plates, mainly from Singapore ($13.7M), China ($7.97M), Japan ($3.1M), South Korea ($2.67M), and Germany ($1.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$87.9k (1.64k%)
Germany$67.8k (92.6%)
Vietnam$28k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Malaysia WERE (2021 - 2022):
Indonesia-$377k (-61.1%)
Japan-$66.5k (-53.7%)
United States-$42k (-13.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Malaysia's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $421k
TOP IMPORT POTENTIALChina+ $1.71M

Tool Plates’s highest export potential is United States. With an export gap of $421k.   Tool Plates’s highest import potential is China with an import gap of $1.71M.

See methodology.

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