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2022
Exports $51.2MWorld Rnk 42 / 167
Flag Rnk 367 / 1198
2022
Destination $9.85M Singapore
2021 - 2022
FASTEST GROWING MARKET $9.85MChinese Taipei
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $236MWorld Rnk 51 / 215
Flag Rnk 209 / 1203
2022
Origin $66.5M China
2021 - 2022
FASTEST GROWING ORIGIN $66.5MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $51.2M in Tractors, making it the 42nd largest exporter of Tractors in the world. At the same year, Tractors was the 367th most exported product in Malaysia. The main destination of Tractors exports from Malaysia are: Singapore ($11M), Chinese Taipei ($10.2M), Australia ($8.75M), South Korea ($6.6M), and Chile ($2.19M).

The fastest growing export markets for Tractors of Malaysia between 2021 and 2022 were Chinese Taipei ($9.85M), Australia ($5.66M), and Singapore ($4.1M).

Imports In 2022, Malaysia imported $236M in Tractors, becoming the 51st largest importer of Tractors in the world. At the same year, Tractors was the 209th most imported product in Malaysia. Malaysia imports Tractors primarily from: China ($125M), Japan ($30.8M), Sweden ($21.4M), Germany ($21.2M), and Thailand ($9.33M).

The fastest growing import markets in Tractors for Malaysia between 2021 and 2022 were China ($66.5M), Japan ($10.3M), and Sweden ($6.66M).

COMPANIES In 2023, leading companies such as CNH Industrial (2) were at the forefront of shipping Tractors from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Tractors exports accounted up to MYR5.82M and imports accounted up to MYR78.8M, resulting in a negative trade balance of MYR73M. Between August 2023 and August 2024 the exports of Malaysia's   Tractors have decreased by MYR-35.3M (-85.8%) from MYR41.1M to MYR5.82M, while imports decreased by MYR-317k (-0.4%) from MYR79.1M to MYR78.8M.

Destinations In August 2024, Tractors were exported mostly to Switzerland (MYR2.7M), Christmas Island (MYR995k), Vietnam (MYR959k), Indonesia (MYR914k), and Singapore (MYR166k), and were imported mostly from China (MYR37.2M), Germany (MYR14.4M), Sweden (MYR9.11M), Japan (MYR5.51M), and Singapore (MYR4.32M).

Growth In August 2024, the decrease in Tractors's year-by-year exports was explained primarily by a decrease in exports to Papua New Guinea (MYR-1M or -94.5%). In August 2024, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from Thailand (MYR-8.47M or -82.9%), India (MYR-3.79M or -66.6%), and Japan (MYR-1.71M or -15.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-35.3M(-85.8%)
IMPORT GROWTH (August 2023 - August 2024)MYR-317k(-0.4%)
MAIN DESTINATION (August 2024)SwitzerlandMYR2.7M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.2M
IMPORTS (2022)$236M
NET TRADE (2022)-$185M

In 2022, Malaysia exported $51.2M in Tractors. The main destinations of Malaysia exports on Tractors were Singapore ($11M), Chinese Taipei ($10.2M), Australia ($8.75M), South Korea ($6.6M), and Chile ($2.19M).

In 2022, Malaysia imported $236M in Tractors, mainly from China ($125M), Japan ($30.8M), Sweden ($21.4M), Germany ($21.2M), and Thailand ($9.33M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chinese Taipei$9.85M (2.84k%)
Australia$5.66M (183%)
Singapore$4.1M (59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Malaysia WERE (2021 - 2022):
Vietnam-$4.52M (-85.2%)
Sri Lanka-$3.49M (-100%)
Iran-$2.98M (-100%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Malaysia's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $1.68M
TOP IMPORT POTENTIALGermany+ $12.2M

Tractors’s highest export potential is Australia. With an export gap of $1.68M.   Tractors’s highest import potential is Germany with an import gap of $12.2M.

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