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2023
Exports $55.5MWorld Rnk 25 / 197
Flag Rnk 351 / 1208
2023
Destination $5.4M Thailand
2022 - 2023
FASTEST GROWING MARKET $5.4MVietnam
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.73Rnk 19 / 1025
2023
Imports $154MWorld Rnk 26 / 224
Flag Rnk 252 / 1211
2023
Origin $5.06M China
2022 - 2023
FASTEST GROWING ORIGIN $5.06MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $55.5M in Electric Soldering Equipment, making it the 25th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 351st most exported product in Malaysia. The main destination of Electric Soldering Equipment exports from Malaysia are: Thailand ($10.1M), China ($7.79M), Vietnam ($7.43M), Japan ($4.07M), and Singapore ($4.02M).

The fastest growing export markets for Electric Soldering Equipment of Malaysia between 2022 and 2023 were Vietnam ($5.4M), South Korea ($2.43M), and Japan ($1.73M).

Imports In 2023, Malaysia imported $154M in Electric Soldering Equipment, becoming the 26th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 252nd most imported product in Malaysia. Malaysia imports Electric Soldering Equipment primarily from: China ($69.8M), Germany ($20M), Japan ($12.2M), United States ($9.56M), and Singapore ($8.77M).

The fastest growing import markets in Electric Soldering Equipment for Malaysia between 2022 and 2023 were China ($5.06M), Germany ($3.67M), and India ($2.58M).

COMPANIES In 2023, leading companies such as Xerox (19) were at the forefront of shipping Electric Soldering Equipment from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Electric Soldering Equipment exports accounted up to MYR23.3M and imports accounted up to MYR50.4M, resulting in a negative trade balance of MYR27.1M. Between November 2023 and November 2024 the exports of Malaysia's   Electric Soldering Equipment have increased by MYR7.74M (49.7%) from MYR15.6M to MYR23.3M, while imports decreased by MYR-25.6M (-33.7%) from MYR76M to MYR50.4M.

Destinations In November 2024, Electric Soldering Equipment were exported mostly to China (MYR5.86M), Germany (MYR3.68M), United States (MYR3.46M), Japan (MYR1.66M), and Singapore (MYR1.64M), and were imported mostly from China (MYR19.8M), Singapore (MYR6.28M), Germany (MYR5.98M), Japan (MYR4.24M), and Canada (MYR3.57M).

Growth In November 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to Philippines (MYR978k or 318%), Thailand (MYR344k or 24.8%), and United Arab Emirates (MYR10.1k or 22.3%). In November 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan (MYR-7.17M or -56.5%), France (MYR-4.88M or -85.7%), and South Korea (MYR-1.73M or -56%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR7.74M(49.7%)
IMPORT GROWTH (November 2023 - November 2024)MYR-25.6M(-33.7%)
MAIN DESTINATION (November 2024)ChinaMYR5.86M

This section shows Electric Soldering Equipment'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 Electric Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$55.5M
IMPORTS (2023)$154M
NET TRADE (2023)-$98M

In 2023, Malaysia exported $55.5M in Electric Soldering Equipment. The main destinations of Malaysia exports on Electric Soldering Equipment were Thailand ($10.1M), China ($7.79M), Vietnam ($7.43M), Japan ($4.07M), and Singapore ($4.02M).

In 2023, Malaysia imported $154M in Electric Soldering Equipment, mainly from China ($69.8M), Germany ($20M), Japan ($12.2M), United States ($9.56M), and Singapore ($8.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Vietnam$5.4M (267%)
South Korea$2.43M (250%)
Japan$1.73M (74.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Malaysia WERE (2022 - 2023):
Thailand-$16.9M (-62.4%)
India-$4.12M (-93.4%)
United States-$3.14M (-44.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Electric Soldering Equipment were:
China $2.67B
Germany $2.28B
United States $1.25B
In 2023, Malaysia's main importing competitors in Electric Soldering Equipment were:
United States $1.89B
Mexico $1.02B
China $803M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.48M
TOP IMPORT POTENTIALChina+ $8.14M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $6.48M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $8.14M.

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