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2023
Exports $24.4MWorld Rnk 11 / 125
Flag Rnk 473 / 1208
2023
Destination $4.23M Singapore
2022 - 2023
FASTEST GROWING MARKET $4.23MSingapore
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2023
Imports $1.72MWorld Rnk 55 / 188
Flag Rnk 1037 / 1211
2023
Origin $313k United States
2022 - 2023
FASTEST GROWING ORIGIN $313kUnited States
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $24.4M in Bitumen and asphalt, making it the 11th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 473rd most exported product in Malaysia. The main destination of Bitumen and asphalt exports from Malaysia are: Singapore ($6.37M), Indonesia ($5M), Thailand ($2.39M), Cambodia ($2.04M), and Papua New Guinea ($1.92M).

The fastest growing export markets for Bitumen and asphalt of Malaysia between 2022 and 2023 were Singapore ($4.23M), Indonesia ($2.31M), and Chile ($1.49M).

Imports In 2023, Malaysia imported $1.72M in Bitumen and asphalt, becoming the 55th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1037th most imported product in Malaysia. Malaysia imports Bitumen and asphalt primarily from: United States ($578k), United Arab Emirates ($497k), Iran ($145k), India ($130k), and China ($92.4k).

The fastest growing import markets in Bitumen and asphalt for Malaysia between 2022 and 2023 were United States ($313k), India ($116k), and Indonesia ($44.8k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Bitumen and asphalt exports accounted up to MYR9.41M and imports accounted up to MYR518k, resulting in a positive trade balance of MYR8.89M. Between November 2023 and November 2024 the exports of Malaysia's   Bitumen and asphalt have increased by MYR5.72M (155%) from MYR3.69M to MYR9.41M, while imports decreased by MYR-44.6k (-7.93%) from MYR563k to MYR518k.

Destinations In November 2024, Bitumen and asphalt were exported mostly to Papua New Guinea (MYR2.34M), Thailand (MYR1.89M), Cambodia (MYR1.38M), Brazil (MYR986k), and Timor-Leste (MYR731k), and were imported mostly from Argentina (MYR237k), United Arab Emirates (MYR216k), India (MYR33.3k), China (MYR30.6k), and United States (MYR222).

Growth In November 2024, the increase in Bitumen and asphalt's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR1.73M or 2.53k%), Papua New Guinea (MYR1.07M or 278%), and Indonesia (MYR136k or 83%). In November 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from China (MYR-71.4k or -58.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR5.72M(155%)
IMPORT GROWTH (November 2023 - November 2024)MYR-44.6k(-7.93%)
MAIN DESTINATION (November 2024)Papua New GuineaMYR2.34M

This section shows Bitumen and asphalt'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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.4M
IMPORTS (2023)$1.72M
NET TRADE (2023)$22.7M

In 2023, Malaysia exported $24.4M in Bitumen and asphalt. The main destinations of Malaysia exports on Bitumen and asphalt were Singapore ($6.37M), Indonesia ($5M), Thailand ($2.39M), Cambodia ($2.04M), and Papua New Guinea ($1.92M).

In 2023, Malaysia imported $1.72M in Bitumen and asphalt, mainly from United States ($578k), United Arab Emirates ($497k), Iran ($145k), India ($130k), and China ($92.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$4.23M (198%)
Indonesia$2.31M (86.1%)
Chile$1.49M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Malaysia WERE (2022 - 2023):
Philippines-$4.72M (-87.5%)
Vietnam-$4.67M (-99.7%)
Cambodia-$2.22M (-52.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Bitumen and asphalt were:
United States $131M
Iraq $114M
Bahrain $52.7M
In 2023, Malaysia's main importing competitors in Bitumen and asphalt were:
United Arab Emirates $140M
France $123M
Uruguay $60.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $663k
TOP IMPORT POTENTIALUnited States+ $178k

Bitumen and asphalt’s highest export potential is Singapore. With an export gap of $663k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $178k.

See methodology.

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