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2022
Exports $75.3MWorld Rnk 4 / 111
Flag Rnk 313 / 1198
2022
Destination $41.5M Singapore
2021 - 2022
FASTEST GROWING MARKET $41.5MSingapore
2022
PRODUCT COMPLEXITY IN Watch Movements1.76Rnk 17 / 1025
2022
Imports $4.28MWorld Rnk 21 / 168
Flag Rnk 965 / 1203
2022
Origin $1.16M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $1.16MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $75.3M in Watch Movements, making it the 4th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 313th most exported product in Malaysia. The main destination of Watch Movements exports from Malaysia are: Singapore ($45.8M), Japan ($14.6M), China ($12.9M), Hong Kong ($1.18M), and Macau ($241k).

The fastest growing export markets for Watch Movements of Malaysia between 2021 and 2022 were Singapore ($41.5M), China ($5.79M), and Japan ($5.42M).

Imports In 2022, Malaysia imported $4.28M in Watch Movements, becoming the 21st largest importer of Watch Movements in the world. At the same year, Watch Movements was the 965th most imported product in Malaysia. Malaysia imports Watch Movements primarily from: Singapore ($2.49M), Switzerland ($838k), China ($461k), Hong Kong ($288k), and Australia ($79.1k).

The fastest growing import markets in Watch Movements for Malaysia between 2021 and 2022 were Singapore ($1.16M), Switzerland ($561k), and Australia ($73.7k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Watch Movements exports accounted up to MYR14.3M and imports accounted up to MYR18.1M, resulting in a negative trade balance of MYR3.77M. Between August 2023 and August 2024 the exports of Malaysia's   Watch Movements have decreased by MYR-10.8M (-43.1%) from MYR25.1M to MYR14.3M, while imports increased by MYR17.8M (7.94k%) from MYR225k to MYR18.1M.

Destinations In August 2024, Watch Movements were exported mostly to Singapore (MYR13.8M), China (MYR419k), Hong Kong (MYR44k), Australia (MYR12.7k), and Thailand (MYR12.1k), and were imported mostly from Singapore (MYR17.6M), Switzerland (MYR437k), United States (MYR12.3k), Spain (MYR1.75k), and Philippines (MYR1.3k).

Growth In August 2024, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-7.33M or -38.8%), China (MYR-4.51M or -73.9%), and Hong Kong (MYR-2.04M or -99.3%). In August 2024, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from Switzerland (MYR105k or 101%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-10.8M(-43.1%)
IMPORT GROWTH (August 2023 - August 2024)MYR17.8M(7.94k%)
MAIN DESTINATION (August 2024)SingaporeMYR13.8M

This section shows Watch Movements'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 Watch Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$75.3M
IMPORTS (2022)$4.28M
NET TRADE (2022)$71M

In 2022, Malaysia exported $75.3M in Watch Movements. The main destinations of Malaysia exports on Watch Movements were Singapore ($45.8M), Japan ($14.6M), China ($12.9M), Hong Kong ($1.18M), and Macau ($241k).

In 2022, Malaysia imported $4.28M in Watch Movements, mainly from Singapore ($2.49M), Switzerland ($838k), China ($461k), Hong Kong ($288k), and Australia ($79.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$41.5M (951%)
China$5.79M (81.1%)
Japan$5.42M (59.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Malaysia WERE (2021 - 2022):
Macau-$1.76M (-88%)
United Kingdom-$44.7k (-67.9%)
United States-$22.7k (-75.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Watch Movements were:
Japan $354M
Switzerland $177M
China $102M
In 2022, Malaysia's main importing competitors in Watch Movements were:
Hong Kong $427M
China $72.7M
Singapore $50.4M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.01M
TOP IMPORT POTENTIALChina+ $207k

Watch Movements’s highest export potential is China. With an export gap of $1.01M.   Watch Movements’s highest import potential is China with an import gap of $207k.

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