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2022
Exports $4.65MWorld Rnk 28 / 194
Flag Rnk 756 / 1198
2022
Destination $187k United States
2021 - 2022
FASTEST GROWING MARKET $187kEswatini
2022
PRODUCT COMPLEXITY IN Cutlery Sets-0.066Rnk 570 / 1025
2022
Imports $71.5MWorld Rnk 12 / 218
Flag Rnk 438 / 1203
2022
Origin $19.1M China
2021 - 2022
FASTEST GROWING ORIGIN $19.1MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.65M in Cutlery Sets, making it the 28th largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 756th most exported product in Malaysia. The main destination of Cutlery Sets exports from Malaysia are: United States ($2.72M), Singapore ($458k), India ($271k), Australia ($191k), and Eswatini ($187k).

The fastest growing export markets for Cutlery Sets of Malaysia between 2021 and 2022 were Eswatini ($187k), Australia ($165k), and Indonesia ($128k).

Imports In 2022, Malaysia imported $71.5M in Cutlery Sets, becoming the 12th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 438th most imported product in Malaysia. Malaysia imports Cutlery Sets primarily from: China ($69.2M), India ($557k), Thailand ($393k), Kuwait ($315k), and Vietnam ($277k).

The fastest growing import markets in Cutlery Sets for Malaysia between 2021 and 2022 were China ($19.1M), Kuwait ($315k), and India ($229k).

COMPANIES In 2023, leading companies such as Motorola (19) were at the forefront of shipping Cutlery Sets from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Cutlery Sets exports accounted up to MYR1.25M and imports accounted up to MYR4.04M, resulting in a negative trade balance of MYR2.78M. Between June 2023 and June 2024 the exports of Malaysia's   Cutlery Sets have decreased by MYR-1.32M (-51.4%) from MYR2.58M to MYR1.25M, while imports decreased by MYR-1.5M (-27.1%) from MYR5.54M to MYR4.04M.

Destinations In June 2024, Cutlery Sets were exported mostly to Australia (MYR577k), Philippines (MYR180k), Singapore (MYR131k), India (MYR120k), and Indonesia (MYR113k), and were imported mostly from China (MYR3.44M), India (MYR261k), Germany (MYR108k), Singapore (MYR91.4k), and United States (MYR54.9k).

Growth In June 2024, the decrease in Cutlery Sets's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-72k or -34.3%), India (MYR-51.2k or -87.7%), and Australia (MYR-7.13k or -6.8%). In June 2024, the decrease in Cutlery Sets's year-by-year imports was explained primarily by a decrease in imports from China (MYR-4.07M or -51.4%), France (MYR-53k or -79.5%), and India (MYR-37.8k or -51.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-1.32M(-51.4%)
IMPORT GROWTH (June 2023 - June 2024)MYR-1.5M(-27.1%)
MAIN DESTINATION (June 2024)AustraliaMYR577k

This section shows Cutlery Sets'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 Cutlery Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.65M
IMPORTS (2022)$71.5M
NET TRADE (2022)-$66.8M

In 2022, Malaysia exported $4.65M in Cutlery Sets. The main destinations of Malaysia exports on Cutlery Sets were United States ($2.72M), Singapore ($458k), India ($271k), Australia ($191k), and Eswatini ($187k).

In 2022, Malaysia imported $71.5M in Cutlery Sets, mainly from China ($69.2M), India ($557k), Thailand ($393k), Kuwait ($315k), and Vietnam ($277k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Eswatini$187k (1%)
Australia$165k (642%)
Indonesia$128k (598%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Malaysia WERE (2021 - 2022):
United States-$310k (-10.3%)
Hong Kong-$133k (-42.4%)
Finland-$126k (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Cutlery Sets were:
China $2.38B
Vietnam $288M
Germany $127M
In 2022, Malaysia's main importing competitors in Cutlery Sets were:
United States $688M
Germany $226M
Netherlands $128M

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $537k
TOP IMPORT POTENTIALIndia+ $709k

Cutlery Sets’s highest export potential is United States. With an export gap of $537k.   Cutlery Sets’s highest import potential is India with an import gap of $709k.

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