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2022
Exports $692kWorld Rnk 44 / 146
Flag Rnk 96 / 96
2022
Destination $175k Indonesia
2021 - 2022
FASTEST GROWING MARKET $175kIndonesia
2022
PRODUCT COMPLEXITY IN Cork & cork articles-0.17Rnk 605 / 1025
2022
Imports $1.63MWorld Rnk 72 / 208
Flag Rnk 96 / 96
2022
Origin $196k China
2021 - 2022
FASTEST GROWING ORIGIN $196kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $692k in Cork & cork articles, making it the 44th largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 96th most exported product in Malaysia. The main destination of Cork & cork articles exports from Malaysia are: Indonesia ($222k), Singapore ($125k), United Arab Emirates ($69k), United States ($47k), and Canada ($45.9k).

The fastest growing export markets for Cork & cork articles of Malaysia between 2021 and 2022 were Indonesia ($175k), United Arab Emirates ($62k), and Germany ($36.8k).

Imports In 2022, Malaysia imported $1.63M in Cork & cork articles, becoming the 72nd largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 96th most imported product in Malaysia. Malaysia imports Cork & cork articles primarily from: China ($423k), United Arab Emirates ($304k), Portugal ($208k), Singapore ($172k), and United Kingdom ($153k).

The fastest growing import markets in Cork & cork articles for Malaysia between 2021 and 2022 were United Arab Emirates ($196k), United States ($61.5k), and Saudi Arabia ($54.4k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Cork & cork articles exports accounted up to MYR306k and imports accounted up to MYR576k, resulting in a negative trade balance of MYR271k. Between June 2023 and June 2024 the exports of Malaysia's   Cork & cork articles have decreased by MYR-102k (-25%) from MYR408k to MYR306k, while imports decreased by MYR-2.94M (-83.6%) from MYR3.52M to MYR576k.

Destinations In June 2024, Cork & cork articles were exported mostly to Singapore (MYR211k), Indonesia (MYR40.2k), India (MYR18.2k), Thailand (MYR13.5k), and Philippines (MYR10.9k), and were imported mostly from China (MYR305k), Singapore (MYR225k), India (MYR18.3k), Japan (MYR9.82k), and Portugal (MYR9.53k).

Growth In June 2024, the decrease in Cork & cork articles's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-113k or -72.6%). In June 2024, the decrease in Cork & cork articles's year-by-year imports was explained primarily by a decrease in imports from China (MYR-259k or -88.7%), Chinese Taipei (MYR-108k or -99.9%), and Singapore (MYR-83.8k or -73.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-102k(-25%)
IMPORT GROWTH (June 2023 - June 2024)MYR-2.94M(-83.6%)
MAIN DESTINATION (June 2024)SingaporeMYR211k

This section shows Cork & cork articles'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 Cork & cork articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$692k
IMPORTS (2022)$1.63M
NET TRADE (2022)-$943k

In 2022, Malaysia exported $692k in Cork & cork articles. The main destinations of Malaysia exports on Cork & cork articles were Indonesia ($222k), Singapore ($125k), United Arab Emirates ($69k), United States ($47k), and Canada ($45.9k).

In 2022, Malaysia imported $1.63M in Cork & cork articles, mainly from China ($423k), United Arab Emirates ($304k), Portugal ($208k), Singapore ($172k), and United Kingdom ($153k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$175k (378%)
United Arab Emirates$62k (884%)
Germany$36.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Malaysia WERE (2021 - 2022):
Saudi Arabia-$670k (-100%)
United States-$150k (-76.1%)
Hong Kong-$70.1k (-68.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Cork & cork articles were:
Portugal $1.24B
Spain $428M
France $108M
In 2022, Malaysia's main importing competitors in Cork & cork articles were:
France $368M
United States $292M
Portugal $241M

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Trade Value of Cork & cork articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $51.2k
TOP IMPORT POTENTIALPortugal+ $143k

Cork & cork articles’s highest export potential is United States. With an export gap of $51.2k.   Cork & cork articles’s highest import potential is Portugal with an import gap of $143k.

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