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2023
Exports $21.8MWorld Rnk 6 / 114
Flag Rnk 488 / 1208
2023
Destination $108k China
2022 - 2023
FASTEST GROWING MARKET $108kHong Kong
2023
PRODUCT COMPLEXITY IN Watch Movements1.63Rnk 29 / 1025
2023
Imports $2.48MWorld Rnk 27 / 175
Flag Rnk 994 / 1211
2023
Origin $606k Singapore
2022 - 2023
FASTEST GROWING ORIGIN $606kAustralia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $21.8M in Watch Movements, making it the 6th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 488th most exported product in Malaysia. The main destination of Watch Movements exports from Malaysia are: China ($10M), Singapore ($6.21M), Japan ($4.63M), Hong Kong ($403k), and Switzerland ($127k).

The fastest growing export markets for Watch Movements of Malaysia between 2022 and 2023 were Hong Kong ($108k), Australia ($21.8k), and Thailand ($18k).

Imports In 2023, Malaysia imported $2.48M in Watch Movements, becoming the 27th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 994th most imported product in Malaysia. Malaysia imports Watch Movements primarily from: Singapore ($846k), Switzerland ($708k), Australia ($686k), China ($108k), and United Kingdom ($37.4k).

The fastest growing import markets in Watch Movements for Malaysia between 2022 and 2023 were Australia ($606k), Switzerland ($316k), and Germany ($18.9k).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Watch Movements exports accounted up to MYR20.3M and imports accounted up to MYR412k, resulting in a positive trade balance of MYR19.9M. Between December 2023 and December 2024 the exports of Malaysia's   Watch Movements have decreased by MYR-3.58M (-15%) from MYR23.9M to MYR20.3M, while imports increased by MYR161k (64.3%) from MYR251k to MYR412k.

Destinations In December 2024, Watch Movements were exported mostly to Singapore (MYR19M), China (MYR588k), Hong Kong (MYR551k), United States (MYR87.3k), and Brunei (MYR55.6k), and were imported mostly from Singapore (MYR210k), Switzerland (MYR181k), France (MYR6.68k), United States (MYR6.47k), and Hong Kong (MYR3.73k).

Growth In December 2024, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to China (MYR-1.42M or -89.1%). In December 2024, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from Japan (MYR3.33k or 232%), United States (MYR2.17k or 280%), and China (MYR2.14k or 248%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR-3.58M(-15%)
IMPORT GROWTH (December 2023 - December 2024)MYR161k(64.3%)
MAIN DESTINATION (December 2024)SingaporeMYR19M

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 (2023)$21.8M
IMPORTS (2023)$2.48M
NET TRADE (2023)$19.3M

In 2023, Malaysia exported $21.8M in Watch Movements. The main destinations of Malaysia exports on Watch Movements were China ($10M), Singapore ($6.21M), Japan ($4.63M), Hong Kong ($403k), and Switzerland ($127k).

In 2023, Malaysia imported $2.48M in Watch Movements, mainly from Singapore ($846k), Switzerland ($708k), Australia ($686k), China ($108k), and United Kingdom ($37.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$108k (36.7%)
Australia$21.8k (1%)
Thailand$18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Malaysia WERE (2022 - 2023):
Singapore-$39.6M (-86.4%)
Japan-$8.91M (-65.8%)
China-$7.86M (-44%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Watch Movements were:
Japan $343M
Switzerland $191M
China $92.6M
In 2023, Malaysia's main importing competitors in Watch Movements were:
Hong Kong $289M
China $161M
Japan $65.2M

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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.

See methodology.

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