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2022
Exports $28.6MWorld Rnk 35 / 152
Flag Rnk 462 / 1198
2022
Destination $11.5M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $11.5MHong Kong
2022
PRODUCT COMPLEXITY IN Buses0.074Rnk 528 / 1025
2022
Imports $73.9MWorld Rnk 50 / 217
Flag Rnk 431 / 1203
2022
Origin $11.1M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $11.1MSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $28.6M in Buses, making it the 35th largest exporter of Buses in the world. At the same year, Buses was the 462nd most exported product in Malaysia. The main destination of Buses exports from Malaysia are: Hong Kong ($13.1M), Australia ($7.33M), Singapore ($5.07M), United States ($2.8M), and Japan ($110k).

The fastest growing export markets for Buses of Malaysia between 2021 and 2022 were Hong Kong ($11.5M), Japan ($110k), and United Kingdom ($72.4k).

Imports In 2022, Malaysia imported $73.9M in Buses, becoming the 50th largest importer of Buses in the world. At the same year, Buses was the 431st most imported product in Malaysia. Malaysia imports Buses primarily from: South Korea ($46.4M), China ($18.9M), Spain ($6.82M), Japan ($442k), and United Kingdom ($369k).

The fastest growing import markets in Buses for Malaysia between 2021 and 2022 were South Korea ($11.1M), China ($7.99M), and Spain ($5.7M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Buses exports accounted up to MYR38.6M and imports accounted up to MYR27.3M, resulting in a positive trade balance of MYR11.3M. Between June 2023 and June 2024 the exports of Malaysia's   Buses have increased by MYR33.7M (686%) from MYR4.91M to MYR38.6M, while imports decreased by MYR-4.47M (-14.1%) from MYR31.8M to MYR27.3M.

Destinations In June 2024, Buses were exported mostly to Thailand (MYR24.6M), Australia (MYR6.36M), United States (MYR5.02M), Singapore (MYR2.23M), and United Arab Emirates (MYR425k), and were imported mostly from China (MYR15.4M), Belgium (MYR9.61M), and Japan (MYR2.34M).

Growth In June 2024, the increase in Buses's year-by-year exports was explained primarily by an increase in exports to Hong Kong (MYR2.18M or 90.4%). In June 2024, the decrease in Buses's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR33.7M(686%)
IMPORT GROWTH (June 2023 - June 2024)MYR-4.47M(-14.1%)
MAIN DESTINATION (June 2024)ThailandMYR24.6M

This section shows Buses'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 Buses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28.6M
IMPORTS (2022)$73.9M
NET TRADE (2022)-$45.2M

In 2022, Malaysia exported $28.6M in Buses. The main destinations of Malaysia exports on Buses were Hong Kong ($13.1M), Australia ($7.33M), Singapore ($5.07M), United States ($2.8M), and Japan ($110k).

In 2022, Malaysia imported $73.9M in Buses, mainly from South Korea ($46.4M), China ($18.9M), Spain ($6.82M), Japan ($442k), and United Kingdom ($369k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Hong Kong$11.5M (709%)
Japan$110k (1%)
United Kingdom$72.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Malaysia WERE (2021 - 2022):
Singapore-$6.3M (-55.4%)
Australia-$2.23M (-23.4%)
United States-$1.56M (-35.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Malaysia's main importing competitors in Buses were:
Germany $1.12B
France $871M
United States $714M

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALChina+ $8.09M

Buses’s highest export potential is United States. With an export gap of $2.05M.   Buses’s highest import potential is China with an import gap of $8.09M.

See methodology.

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