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2022
Exports $3.08BWorld Rnk 20 / 221
Flag Rnk 12 / 21
2022
Destination $101M Japan
2021 - 2022
FASTEST GROWING MARKET $101MJapan
2022
PRODUCT COMPLEXITY IN Wood Products0.3Rnk 451 / 1025
2022
Imports $1.13BWorld Rnk 32 / 226
Flag Rnk 19 / 21
2022
Origin $30.5M China
2021 - 2022
FASTEST GROWING ORIGIN $30.5MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $3.08B in Wood Products, making it the 20th largest exporter of Wood Products in the world. At the same year, Wood Products was the 12th most exported product in Malaysia. The main destination of Wood Products exports from Malaysia are: Japan ($765M), United States ($387M), India ($250M), Singapore ($177M), and China ($163M).

The fastest growing export markets for Wood Products of Malaysia between 2021 and 2022 were Japan ($101M), United States ($63M), and Australia ($34.6M).

Imports In 2022, Malaysia imported $1.13B in Wood Products, becoming the 32nd largest importer of Wood Products in the world. At the same year, Wood Products was the 19th most imported product in Malaysia. Malaysia imports Wood Products primarily from: China ($402M), Indonesia ($184M), Vietnam ($122M), Thailand ($106M), and Australia ($47.8M).

The fastest growing import markets in Wood Products for Malaysia between 2021 and 2022 were China ($30.5M), Indonesia ($20.2M), and Brazil ($12.1M).

COMPANIES In 2023, leading companies such as Lollicup (7), ReaderLink (6), and Coaster Fine Furniture (2) were at the forefront of shipping Wood Products from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Wood Products exports accounted up to MYR875M and imports accounted up to MYR498M, resulting in a positive trade balance of MYR377M. Between August 2023 and August 2024 the exports of Malaysia's   Wood Products have decreased by MYR-116M (-11.7%) from MYR991M to MYR875M, while imports increased by MYR109M (28.1%) from MYR389M to MYR498M.

Destinations In August 2024, Wood Products were exported mostly to Japan (MYR227M), United States (MYR129M), Singapore (MYR53.6M), Australia (MYR50.6M), and India (MYR49.3M), and were imported mostly from China (MYR150M), Indonesia (MYR97.2M), Vietnam (MYR69.6M), Thailand (MYR68.6M), and New Zealand (MYR15.2M).

Growth In August 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-153M or -69.6%), Japan (MYR-98.7M or -36.3%), and China (MYR-20.8M or -44%). In August 2024, the increase in Wood Products's year-by-year imports was explained primarily by an increase in imports from Australia (MYR19M or 348%), Canada (MYR2.21M or 150%), and Uruguay (MYR2M or 173%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-116M(-11.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR109M(28.1%)
MAIN DESTINATION (August 2024)JapanMYR227M

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.08B
IMPORTS (2022)$1.13B
NET TRADE (2022)$1.95B

In 2022, Malaysia exported $3.08B in Wood Products. The main destinations of Malaysia exports on Wood Products were Japan ($765M), United States ($387M), India ($250M), Singapore ($177M), and China ($163M).

In 2022, Malaysia imported $1.13B in Wood Products, mainly from China ($402M), Indonesia ($184M), Vietnam ($122M), Thailand ($106M), and Australia ($47.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$101M (15.3%)
United States$63M (19.4%)
Australia$34.6M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Malaysia WERE (2021 - 2022):
Sri Lanka-$26.3M (-75.3%)
Philippines-$24.5M (-25.9%)
United Kingdom-$13.5M (-14.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
Germany $13B
In 2022, Malaysia's main importing competitors in Wood Products were:
United States $35.3B
China $18.1B
Germany $11.9B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $126M
TOP IMPORT POTENTIALIndonesia+ $53.5M

Wood Products’s highest export potential is China. With an export gap of $126M.   Wood Products’s highest import potential is Indonesia with an import gap of $53.5M.

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