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2022
Exports $23.2MWorld Rnk 14 / 131
Flag Rnk 498 / 1198
2022
Destination $2.48M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.48MCambodia
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $4.33MWorld Rnk 34 / 189
Flag Rnk 959 / 1203
2022
Origin $731k Singapore
2021 - 2022
FASTEST GROWING ORIGIN $731kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $23.2M in Bitumen and asphalt, making it the 14th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 498th most exported product in Malaysia. The main destination of Bitumen and asphalt exports from Malaysia are: Vietnam ($4.21M), Thailand ($4.01M), Cambodia ($3.84M), Singapore ($2.27M), and Papua New Guinea ($1.6M).

The fastest growing export markets for Bitumen and asphalt of Malaysia between 2021 and 2022 were Cambodia ($2.48M), Singapore ($2.07M), and Vietnam ($1.89M).

Imports In 2022, Malaysia imported $4.33M in Bitumen and asphalt, becoming the 34th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 959th most imported product in Malaysia. Malaysia imports Bitumen and asphalt primarily from: Singapore ($2.56M), United Arab Emirates ($861k), Iran ($278k), United States ($265k), and China ($75.8k).

The fastest growing import markets in Bitumen and asphalt for Malaysia between 2021 and 2022 were United Arab Emirates ($731k), Iran ($150k), and United States ($85.6k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Bitumen and asphalt exports accounted up to MYR4.97M and imports accounted up to MYR1.34M, resulting in a positive trade balance of MYR3.63M. Between August 2023 and August 2024 the exports of Malaysia's   Bitumen and asphalt have decreased by MYR-3.37M (-40.4%) from MYR8.34M to MYR4.97M, while imports increased by MYR650k (94.7%) from MYR686k to MYR1.34M.

Destinations In August 2024, Bitumen and asphalt were exported mostly to Papua New Guinea (MYR2.13M), Thailand (MYR1.67M), Philippines (MYR350k), Indonesia (MYR265k), and Eswatini (MYR225k), and were imported mostly from United States (MYR657k), Saudi Arabia (MYR359k), United Arab Emirates (MYR169k), United Kingdom (MYR97.7k), and Singapore (MYR54k).

Growth In August 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-4.49M or -64.9%) and Brunei (MYR-170k or -69.3%). In August 2024, the increase in Bitumen and asphalt's year-by-year imports was explained primarily by an increase in imports from United States (MYR263k or 251%) and United Arab Emirates (MYR28.7k or 54.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-3.37M(-40.4%)
IMPORT GROWTH (August 2023 - August 2024)MYR650k(94.7%)
MAIN DESTINATION (August 2024)Papua New GuineaMYR2.13M

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 (2022)$23.2M
IMPORTS (2022)$4.33M
NET TRADE (2022)$18.9M

In 2022, Malaysia exported $23.2M in Bitumen and asphalt. The main destinations of Malaysia exports on Bitumen and asphalt were Vietnam ($4.21M), Thailand ($4.01M), Cambodia ($3.84M), Singapore ($2.27M), and Papua New Guinea ($1.6M).

In 2022, Malaysia imported $4.33M in Bitumen and asphalt, mainly from Singapore ($2.56M), United Arab Emirates ($861k), Iran ($278k), United States ($265k), and China ($75.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Cambodia$2.48M (183%)
Singapore$2.07M (1.03k%)
Vietnam$1.89M (81.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Malaysia WERE (2021 - 2022):
Eswatini-$4.17M (-87.9%)
China-$4.16M (-99.2%)
South Africa-$3.85M (-95.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Malaysia's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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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.

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