2023
Exports
$3.23MWorld Rnk 46 / 137
Flag Rnk 807 / 1208
2023
PRODUCT COMPLEXITY IN Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)
0.88Rnk 213 / 1025
2023
Imports
$154MWorld Rnk 16 / 204
Flag Rnk 253 / 1211
2023
ECONOMIC COMPLEXITY of Malaysia
1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $3.23M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), making it the 46th largest exporter of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 807th most exported product in Malaysia. The main destination of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) exports from Malaysia are: China ($962k), Australia ($706k), Philippines ($514k), Singapore ($229k), and Papua New Guinea ($141k).

The fastest growing export markets for Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) of Malaysia between 2022 and 2023 were Philippines ($434k), Australia ($279k), and United Kingdom ($110k).

Imports In 2023, Malaysia imported $154M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), becoming the 16th largest importer of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 253rd most imported product in Malaysia. Malaysia imports Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) primarily from: Germany ($48.4M), China ($34.8M), United States ($23.7M), Mexico ($20.2M), and Japan ($12.5M).

The fastest growing import markets in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) for Malaysia between 2022 and 2023 were Germany ($13.8M), Mexico ($9.72M), and China ($6.6M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.44M(110%)
IMPORT GROWTH (November 2023 - November 2024)MYR-17.7M(-26.7%)
MAIN DESTINATION (November 2024)AustraliaMYR3.15M

This section shows Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)'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 Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.23M
IMPORTS (2023)$154M
NET TRADE (2023)-$150M

In 2023, Malaysia exported $3.23M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705). The main destinations of Malaysia exports on Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were China ($962k), Australia ($706k), Philippines ($514k), Singapore ($229k), and Papua New Guinea ($141k).

In 2023, Malaysia imported $154M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), mainly from Germany ($48.4M), China ($34.8M), United States ($23.7M), Mexico ($20.2M), and Japan ($12.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Philippines$434k (543%)
Australia$279k (65.4%)
United Kingdom$110k (1.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) BY Malaysia WERE (2022 - 2023):
China-$3.8M (-79.8%)
Uzbekistan-$3.57M (-100%)
Singapore-$1.15M (-83.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were:
China $1.92B
Germany $1.21B
In 2023, Malaysia's main importing competitors in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were:

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Trade Value of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $695k
TOP IMPORT POTENTIALChina+ $5.13M

Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)’s highest export potential is United States. With an export gap of $695k.   Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)’s highest import potential is China with an import gap of $5.13M.

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