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2023
Exports $20.2MWorld Rnk 20 / 196
Flag Rnk 506 / 1208
2023
Destination $6.33M Singapore
2022 - 2023
FASTEST GROWING MARKET $6.33MSingapore
2023
PRODUCT COMPLEXITY IN Drafting Tools1.84Rnk 11 / 1025
2023
Imports $40.4MWorld Rnk 17 / 222
Flag Rnk 529 / 1211
2023
Origin $8.54M China
2022 - 2023
FASTEST GROWING ORIGIN $8.54MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $20.2M in Drafting Tools, making it the 20th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 506th most exported product in Malaysia. The main destination of Drafting Tools exports from Malaysia are: Singapore ($10.6M), Japan ($3.44M), Hong Kong ($1.25M), India ($1.16M), and South Korea ($594k).

The fastest growing export markets for Drafting Tools of Malaysia between 2022 and 2023 were Singapore ($6.33M), Hong Kong ($493k), and South Korea ($190k).

Imports In 2023, Malaysia imported $40.4M in Drafting Tools, becoming the 17th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 529th most imported product in Malaysia. Malaysia imports Drafting Tools primarily from: China ($27.3M), Singapore ($4.78M), United States ($2.95M), Japan ($1.52M), and Chinese Taipei ($976k).

The fastest growing import markets in Drafting Tools for Malaysia between 2022 and 2023 were China ($8.54M), Singapore ($1.78M), and South Korea ($261k).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Drafting Tools exports accounted up to MYR2.45M and imports accounted up to MYR229M, resulting in a negative trade balance of MYR227M. Between December 2023 and December 2024 the exports of Malaysia's   Drafting Tools have decreased by MYR-3.16M (-56.3%) from MYR5.61M to MYR2.45M, while imports increased by MYR220M (2.47k%) from MYR8.92M to MYR229M.

Destinations In December 2024, Drafting Tools were exported mostly to Japan (MYR775k), Singapore (MYR562k), Indonesia (MYR221k), Australia (MYR136k), and Guatemala (MYR132k), and were imported mostly from Indonesia (MYR220M), China (MYR2M), United States (MYR1.83M), Singapore (MYR1.65M), and Germany (MYR1.43M).

Growth In December 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Japan (MYR-81.6k or -5.38%), China (MYR-64.4k or -73%), and Bahrain (MYR-53.3k or -99.3%). In December 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from China (MYR746k or 24.2%), Singapore (MYR472k or 42.5%), and Germany (MYR282k or 106%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR-3.16M(-56.3%)
IMPORT GROWTH (December 2023 - December 2024)MYR220M(2.47k%)
MAIN DESTINATION (December 2024)JapanMYR775k

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.2M
IMPORTS (2023)$40.4M
NET TRADE (2023)-$20.2M

In 2023, Malaysia exported $20.2M in Drafting Tools. The main destinations of Malaysia exports on Drafting Tools were Singapore ($10.6M), Japan ($3.44M), Hong Kong ($1.25M), India ($1.16M), and South Korea ($594k).

In 2023, Malaysia imported $40.4M in Drafting Tools, mainly from China ($27.3M), Singapore ($4.78M), United States ($2.95M), Japan ($1.52M), and Chinese Taipei ($976k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$6.33M (149%)
Hong Kong$493k (64.7%)
South Korea$190k (46.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Malaysia WERE (2022 - 2023):
India-$1.16M (-49.9%)
Japan-$1.06M (-23.6%)
China-$400k (-69%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Drafting Tools were:
China $996M
Japan $298M
Germany $203M
In 2023, Malaysia's main importing competitors in Drafting Tools were:
United States $367M
Germany $181M
France $93.1M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $815k
TOP IMPORT POTENTIALChina+ $2.21M

Drafting Tools’s highest export potential is China. With an export gap of $815k.   Drafting Tools’s highest import potential is China with an import gap of $2.21M.

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