2023
Exports
$15.3BWorld Rnk 26 / 226
Flag Rnk 6 / 21
2023
PRODUCT COMPLEXITY IN Chemical Products
2.31Rnk 1 / 1025
2023
Imports
$19BWorld Rnk 30 / 226
Flag Rnk 4 / 21
2023
ECONOMIC COMPLEXITY of Malaysia
1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $15.3B in Chemical Products, making it the 26th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 6th most exported product in Malaysia. The main destination of Chemical Products exports from Malaysia are: China ($2.8B), Thailand ($1.36B), Singapore ($1.3B), India ($1.02B), and Indonesia ($998M).

The fastest growing export markets for Chemical Products of Malaysia between 2022 and 2023 were Singapore ($93.3M), Turkey ($88.3M), and Hong Kong ($23.3M).

Imports In 2023, Malaysia imported $19B in Chemical Products, becoming the 30th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 4th most imported product in Malaysia. Malaysia imports Chemical Products primarily from: China ($4.94B), Singapore ($1.79B), United States ($1.3B), South Korea ($1.15B), and Indonesia ($1.12B).

The fastest growing import markets in Chemical Products for Malaysia between 2022 and 2023 were Vietnam ($219M), Singapore ($184M), and Kuwait ($79.7M).

COMPANIES In 2023, leading companies such as Coaster Fine Furniture (59), Motorola (36), and Givaudan Fragrances (27) were at the forefront of shipping Chemical Products from Malaysia to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR112M(1.74%)
IMPORT GROWTH (November 2023 - November 2024)MYR-1.05B(-13.2%)
MAIN DESTINATION (November 2024)ChinaMYR1.24B

This section shows Chemical Products'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 Chemical Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.3B
IMPORTS (2023)$19B
NET TRADE (2023)-$3.78B

In 2023, Malaysia exported $15.3B in Chemical Products. The main destinations of Malaysia exports on Chemical Products were China ($2.8B), Thailand ($1.36B), Singapore ($1.3B), India ($1.02B), and Indonesia ($998M).

In 2023, Malaysia imported $19B in Chemical Products, mainly from China ($4.94B), Singapore ($1.79B), United States ($1.3B), South Korea ($1.15B), and Indonesia ($1.12B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$93.3M (7.75%)
Turkey$88.3M (53.3%)
Hong Kong$23.3M (19.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Malaysia WERE (2022 - 2023):
India-$436M (-30%)
Thailand-$261M (-16.1%)
Indonesia-$228M (-18.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Chemical Products were:
In 2023, Malaysia's main importing competitors in Chemical Products were:

Explore Visualizations

Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $649M
TOP IMPORT POTENTIALChina+ $341M

Chemical Products’s highest export potential is China. With an export gap of $649M.   Chemical Products’s highest import potential is China with an import gap of $341M.

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