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2023
Exports $52.2MWorld Rnk 22 / 199
Flag Rnk 357 / 1208
2023
Destination $2.65M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $2.65MSwitzerland
2023
PRODUCT COMPLEXITY IN Base Metal Watches0.81Rnk 252 / 1025
2023
Imports $307MWorld Rnk 21 / 218
Flag Rnk 145 / 1211
2023
Origin $42.1M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $42.1MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $52.2M in Base Metal Watches, making it the 22nd largest exporter of Base Metal Watches in the world. At the same year, Base Metal Watches was the 357th most exported product in Malaysia. The main destination of Base Metal Watches exports from Malaysia are: Hong Kong ($26.6M), United States ($6.43M), Germany ($5.37M), Switzerland ($4.21M), and Singapore ($2.31M).

The fastest growing export markets for Base Metal Watches of Malaysia between 2022 and 2023 were Switzerland ($2.65M), Singapore ($687k), and Germany ($467k).

Imports In 2023, Malaysia imported $307M in Base Metal Watches, becoming the 21st largest importer of Base Metal Watches in the world. At the same year, Base Metal Watches was the 145th most imported product in Malaysia. Malaysia imports Base Metal Watches primarily from: Singapore ($162M), Switzerland ($80.4M), Hong Kong ($28.5M), China ($18.3M), and Japan ($4.53M).

The fastest growing import markets in Base Metal Watches for Malaysia between 2022 and 2023 were Singapore ($42.1M), Switzerland ($11.1M), and Germany ($657k).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Base Metal Watches exports accounted up to MYR16.7M and imports accounted up to MYR111M, resulting in a negative trade balance of MYR93.8M. Between December 2023 and December 2024 the exports of Malaysia's   Base Metal Watches have increased by MYR1.01M (6.42%) from MYR15.7M to MYR16.7M, while imports decreased by MYR-8.68M (-7.28%) from MYR119M to MYR111M.

Destinations In December 2024, Base Metal Watches were exported mostly to Switzerland (MYR6.33M), Hong Kong (MYR5.88M), China (MYR1.04M), Singapore (MYR759k), and United States (MYR523k), and were imported mostly from Singapore (MYR65.3M), Switzerland (MYR26.7M), Hong Kong (MYR9.7M), China (MYR2.66M), and Japan (MYR2.27M).

Growth In December 2024, the increase in Base Metal Watches's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR1.21M or 148%), United Arab Emirates (MYR848k or 453%), and Japan (MYR539k or 2.55k%). In December 2024, the decrease in Base Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Switzerland (MYR-4.68M or -14.9%), Japan (MYR-811k or -29.8%), and China (MYR-490k or -11.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR1.01M(6.42%)
IMPORT GROWTH (December 2023 - December 2024)MYR-8.68M(-7.28%)
MAIN DESTINATION (December 2024)SwitzerlandMYR6.33M

This section shows Base Metal Watches'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 Base Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$52.2M
IMPORTS (2023)$307M
NET TRADE (2023)-$255M

In 2023, Malaysia exported $52.2M in Base Metal Watches. The main destinations of Malaysia exports on Base Metal Watches were Hong Kong ($26.6M), United States ($6.43M), Germany ($5.37M), Switzerland ($4.21M), and Singapore ($2.31M).

In 2023, Malaysia imported $307M in Base Metal Watches, mainly from Singapore ($162M), Switzerland ($80.4M), Hong Kong ($28.5M), China ($18.3M), and Japan ($4.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Base Metal Watches EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Switzerland$2.65M (170%)
Singapore$687k (42.3%)
Germany$467k (9.52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Base Metal Watches BY Malaysia WERE (2022 - 2023):
United States-$7.13M (-52.6%)
Austria-$1.13M (-88.8%)
Kazakhstan-$1.11M (-61%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Base Metal Watches were:
Switzerland $19.6B
China $3.27B
Japan $930M
In 2023, Malaysia's main importing competitors in Base Metal Watches were:
United States $4.61B
Hong Kong $3.16B
China $2.46B

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Trade Value of Base Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.99M
TOP IMPORT POTENTIALChina+ $15.6M

Base Metal Watches’s highest export potential is United States. With an export gap of $6.99M.   Base Metal Watches’s highest import potential is China with an import gap of $15.6M.

See methodology.

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