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2023
Exports $1.47MWorld Rnk 18 / 94
Flag Rnk 913 / 1208
2023
Destination $1.39M China
2022 - 2023
FASTEST GROWING MARKET $1.39MChina
2023
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.97Rnk 3 / 1025
2023
Imports $7.85MWorld Rnk 13 / 165
Flag Rnk 844 / 1211
2023
Origin $5.46M Germany
2022 - 2023
FASTEST GROWING ORIGIN $5.46MGermany
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.47M in Artificial Textile Machinery, making it the 18th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 913th most exported product in Malaysia. The main destination of Artificial Textile Machinery exports from Malaysia are: China ($1.39M), United States ($33.4k), Guatemala ($13.3k), Singapore ($10k), and Nicaragua ($8.28k).

The fastest growing export markets for Artificial Textile Machinery of Malaysia between 2022 and 2023 were China ($1.39M), United States ($33.4k), and Guatemala ($13.3k).

Imports In 2023, Malaysia imported $7.85M in Artificial Textile Machinery, becoming the 13th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 844th most imported product in Malaysia. Malaysia imports Artificial Textile Machinery primarily from: Germany ($5.46M), United States ($868k), China ($818k), India ($644k), and Italy ($20.6k).

The fastest growing import markets in Artificial Textile Machinery for Malaysia between 2022 and 2023 were Germany ($5.46M), Italy ($20.6k), and Switzerland ($1.09k).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Artificial Textile Machinery exports accounted up to MYR20.6k and imports accounted up to MYR710k, resulting in a negative trade balance of MYR689k. Between September 2021 and October 2024 the exports of Malaysia's   Artificial Textile Machinery have increased by MYR881 (4.46%) from MYR19.8k to MYR20.6k, while imports increased by MYR701k (7.85k%) from MYR8.93k to MYR710k.

Destinations In October 2024, Artificial Textile Machinery were exported mostly to , and were imported mostly from China (MYR710k).

Growth In October 2024, the increase in Artificial Textile Machinery's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Artificial Textile Machinery's year-by-year imports was explained primarily by an increase in imports from China (MYR1.04M or 992%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2021 - October 2024)MYR881(4.46%)
IMPORT GROWTH (October 2023 - November 2024)MYR701k(7.85k%)
MAIN DESTINATION (October 2024)

This section shows Artificial Textile Machinery'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 Artificial Textile Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.47M
IMPORTS (2023)$7.85M
NET TRADE (2023)-$6.38M

In 2023, Malaysia exported $1.47M in Artificial Textile Machinery. The main destinations of Malaysia exports on Artificial Textile Machinery were China ($1.39M), United States ($33.4k), Guatemala ($13.3k), Singapore ($10k), and Nicaragua ($8.28k).

In 2023, Malaysia imported $7.85M in Artificial Textile Machinery, mainly from Germany ($5.46M), United States ($868k), China ($818k), India ($644k), and Italy ($20.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$1.39M (1%)
United States$33.4k (1%)
Guatemala$13.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Malaysia WERE (2022 - 2023):
Vietnam-$18.2k (-100%)
Nicaragua-$5.05k (-37.9%)
Singapore-$4.4k (-30.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Artificial Textile Machinery were:
Germany $614M
China $274M
Japan $184M
In 2023, Malaysia's main importing competitors in Artificial Textile Machinery were:
China $557M
Turkey $193M
India $148M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $8.06k
TOP IMPORT POTENTIALChina+ $514k

Artificial Textile Machinery’s highest export potential is Vietnam. With an export gap of $8.06k.   Artificial Textile Machinery’s highest import potential is China with an import gap of $514k.

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