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2022
Exports $1.62MWorld Rnk 39 / 159
Flag Rnk 896 / 1198
2022
Destination $44.2k Switzerland
2021 - 2022
FASTEST GROWING MARKET $44.2kKuwait
2022
PRODUCT COMPLEXITY IN Watch Straps-0.095Rnk 579 / 1025
2022
Imports $26.1MWorld Rnk 18 / 197
Flag Rnk 648 / 1203
2022
Origin $8.55M China
2021 - 2022
FASTEST GROWING ORIGIN $8.55MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.62M in Watch Straps, making it the 39th largest exporter of Watch Straps in the world. At the same year, Watch Straps was the 896th most exported product in Malaysia. The main destination of Watch Straps exports from Malaysia are: Switzerland ($1.13M), Singapore ($61k), United States ($56.1k), Kuwait ($51.6k), and United Arab Emirates ($48.1k).

The fastest growing export markets for Watch Straps of Malaysia between 2021 and 2022 were Kuwait ($44.2k), United Arab Emirates ($26.3k), and United Kingdom ($12.4k).

Imports In 2022, Malaysia imported $26.1M in Watch Straps, becoming the 18th largest importer of Watch Straps in the world. At the same year, Watch Straps was the 648th most imported product in Malaysia. Malaysia imports Watch Straps primarily from: China ($22.5M), Singapore ($1.11M), Switzerland ($1.1M), Hong Kong ($711k), and France ($284k).

The fastest growing import markets in Watch Straps for Malaysia between 2021 and 2022 were China ($8.55M), Hong Kong ($383k), and Singapore ($196k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Watch Straps exports accounted up to MYR293k and imports accounted up to MYR1.79M, resulting in a negative trade balance of MYR1.5M. Between August 2023 and August 2024 the exports of Malaysia's   Watch Straps have decreased by MYR-39.1k (-11.8%) from MYR332k to MYR293k, while imports decreased by MYR-1.61M (-47.3%) from MYR3.4M to MYR1.79M.

Destinations In August 2024, Watch Straps were exported mostly to Switzerland (MYR213k), Singapore (MYR47.1k), United States (MYR17.3k), United Kingdom (MYR9.8k), and Hong Kong (MYR1.66k), and were imported mostly from China (MYR539k), Hong Kong (MYR309k), Germany (MYR282k), Switzerland (MYR244k), and Hungary (MYR140k).

Growth In August 2024, the decrease in Watch Straps's year-by-year exports was explained primarily by a decrease in exports to Switzerland (MYR-92.8k or -45.3%). In August 2024, the decrease in Watch Straps's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-186k or -72.2%), China (MYR-45.7k or -10.5%), and Italy (MYR-10.8k or -72.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-39.1k(-11.8%)
IMPORT GROWTH (August 2023 - August 2024)MYR-1.61M(-47.3%)
MAIN DESTINATION (August 2024)SwitzerlandMYR213k

This section shows Watch Straps'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 Straps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.62M
IMPORTS (2022)$26.1M
NET TRADE (2022)-$24.5M

In 2022, Malaysia exported $1.62M in Watch Straps. The main destinations of Malaysia exports on Watch Straps were Switzerland ($1.13M), Singapore ($61k), United States ($56.1k), Kuwait ($51.6k), and United Arab Emirates ($48.1k).

In 2022, Malaysia imported $26.1M in Watch Straps, mainly from China ($22.5M), Singapore ($1.11M), Switzerland ($1.1M), Hong Kong ($711k), and France ($284k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Straps EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Kuwait$44.2k (597%)
United Arab Emirates$26.3k (121%)
United Kingdom$12.4k (41.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Straps BY Malaysia WERE (2021 - 2022):
Switzerland-$607k (-35%)
Singapore-$46.8k (-43.4%)
Hong Kong-$44.1k (-88.3%)
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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 Straps were:
China $932M
France $342M
Switzerland $337M
In 2022, Malaysia's main importing competitors in Watch Straps were:
Switzerland $677M
Hong Kong $296M
China $146M

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Trade Value of Watch Straps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $110k
TOP IMPORT POTENTIALChina+ $766k

Watch Straps’s highest export potential is United States. With an export gap of $110k.   Watch Straps’s highest import potential is China with an import gap of $766k.

See methodology.

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