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2023
Exports $3.73MWorld Rnk 34 / 153
Flag Rnk 780 / 1208
2023
Destination $1.12M Singapore
2022 - 2023
FASTEST GROWING MARKET $1.12MCanada
2023
PRODUCT COMPLEXITY IN Binoculars and Telescopes0.17Rnk 499 / 1025
2023
Imports $3.34MWorld Rnk 61 / 206
Flag Rnk 960 / 1211
2023
Origin $752k Spain
2022 - 2023
FASTEST GROWING ORIGIN $752kSpain
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $3.73M in Binoculars and Telescopes, making it the 34th largest exporter of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 780th most exported product in Malaysia. The main destination of Binoculars and Telescopes exports from Malaysia are: Singapore ($1.96M), Canada ($1.13M), United States ($295k), New Zealand ($122k), and United Arab Emirates ($99.9k).

The fastest growing export markets for Binoculars and Telescopes of Malaysia between 2022 and 2023 were Canada ($1.12M), United States ($242k), and United Arab Emirates ($99.9k).

Imports In 2023, Malaysia imported $3.34M in Binoculars and Telescopes, becoming the 61st largest importer of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 960th most imported product in Malaysia. Malaysia imports Binoculars and Telescopes primarily from: Spain ($927k), China ($827k), Singapore ($286k), Germany ($205k), and Thailand ($183k).

The fastest growing import markets in Binoculars and Telescopes for Malaysia between 2022 and 2023 were Spain ($752k), Turkey ($127k), and Germany ($114k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Binoculars and Telescopes exports accounted up to MYR624k and imports accounted up to MYR1.57M, resulting in a negative trade balance of MYR946k. Between November 2023 and November 2024 the exports of Malaysia's   Binoculars and Telescopes have decreased by MYR-1.47M (-70.2%) from MYR2.09M to MYR624k, while imports increased by MYR515k (48.8%) from MYR1.06M to MYR1.57M.

Destinations In November 2024, Binoculars and Telescopes were exported mostly to United States (MYR522k), Canada (MYR46k), Hong Kong (MYR38.7k), Philippines (MYR12.9k), and Indonesia (MYR2.09k), and were imported mostly from China (MYR1.27M), United States (MYR149k), Germany (MYR70.5k), Switzerland (MYR27.1k), and Singapore (MYR24.5k).

Growth In November 2024, the decrease in Binoculars and Telescopes's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Binoculars and Telescopes's year-by-year imports was explained primarily by an increase in imports from China (MYR334k or 62.9%), Germany (MYR28.4k or 98.3%), and United States (MYR14.7k or 44.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-1.47M(-70.2%)
IMPORT GROWTH (November 2023 - November 2024)MYR515k(48.8%)
MAIN DESTINATION (November 2024)United StatesMYR522k

This section shows Binoculars and Telescopes'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 Binoculars and Telescopes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.73M
IMPORTS (2023)$3.34M
NET TRADE (2023)$391k

In 2023, Malaysia exported $3.73M in Binoculars and Telescopes. The main destinations of Malaysia exports on Binoculars and Telescopes were Singapore ($1.96M), Canada ($1.13M), United States ($295k), New Zealand ($122k), and United Arab Emirates ($99.9k).

In 2023, Malaysia imported $3.34M in Binoculars and Telescopes, mainly from Spain ($927k), China ($827k), Singapore ($286k), Germany ($205k), and Thailand ($183k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Binoculars and Telescopes EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Canada$1.12M (8.53k%)
United States$242k (459%)
United Arab Emirates$99.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Binoculars and Telescopes BY Malaysia WERE (2022 - 2023):
Singapore-$1.76M (-47.4%)
Hong Kong-$105k (-89.9%)
Thailand-$50.5k (-72.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Binoculars and Telescopes were:
China $598M
United States $151M
Germany $113M
In 2023, Malaysia's main importing competitors in Binoculars and Telescopes were:
United States $335M
Indonesia $121M
Germany $111M

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Trade Value of Binoculars and Telescopes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $112k
TOP IMPORT POTENTIALChina+ $983k

Binoculars and Telescopes’s highest export potential is United States. With an export gap of $112k.   Binoculars and Telescopes’s highest import potential is China with an import gap of $983k.

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