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2023
Exports $1.69BWorld Rnk 13 / 220
Flag Rnk 26 / 1208
2023
Destination $32.7M United States
2022 - 2023
FASTEST GROWING MARKET $32.7MUnited States
2023
PRODUCT COMPLEXITY IN Electrical Control Boards0.69Rnk 285 / 1025
2023
Imports $907MWorld Rnk 28 / 225
Flag Rnk 48 / 1211
2023
Origin $60.8M China
2022 - 2023
FASTEST GROWING ORIGIN $60.8MThailand
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.69B in Electrical Control Boards, making it the 13th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 26th most exported product in Malaysia. The main destination of Electrical Control Boards exports from Malaysia are: United States ($476M), Thailand ($242M), Singapore ($239M), China ($98M), and Germany ($66.6M).

The fastest growing export markets for Electrical Control Boards of Malaysia between 2022 and 2023 were United States ($32.7M), Netherlands ($18.3M), and China ($15.5M).

Imports In 2023, Malaysia imported $907M in Electrical Control Boards, becoming the 28th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 48th most imported product in Malaysia. Malaysia imports Electrical Control Boards primarily from: China ($288M), Thailand ($120M), United States ($93.3M), Singapore ($86.9M), and Germany ($68.8M).

The fastest growing import markets in Electrical Control Boards for Malaysia between 2022 and 2023 were Thailand ($60.8M), China ($34.5M), and South Korea ($29.9M).

COMPANIES In 2023, leading companies such as Electrolux (17), Motorola (6), and Panasonic (4) were at the forefront of shipping Electrical Control Boards from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Electrical Control Boards exports accounted up to MYR807M and imports accounted up to MYR425M, resulting in a positive trade balance of MYR383M. Between November 2023 and November 2024 the exports of Malaysia's   Electrical Control Boards have increased by MYR142M (21.3%) from MYR665M to MYR807M, while imports decreased by MYR-49.1M (-10.4%) from MYR474M to MYR425M.

Destinations In November 2024, Electrical Control Boards were exported mostly to Singapore (MYR277M), United States (MYR185M), China (MYR90.7M), Germany (MYR34.8M), and Thailand (MYR31.7M), and were imported mostly from China (MYR177M), Singapore (MYR61.4M), Thailand (MYR50.4M), United States (MYR37.4M), and Germany (MYR15.4M).

Growth In November 2024, the increase in Electrical Control Boards's year-by-year exports was explained primarily by an increase in exports to China (MYR28M or 139%), Singapore (MYR19.6M or 23.5%), and United States (MYR17.4M or 11.5%). In November 2024, the decrease in Electrical Control Boards's year-by-year imports was explained primarily by a decrease in imports from Japan (MYR-4.16M or -30.7%), China (MYR-3.62M or -4.43%), and Hong Kong (MYR-3.05M or -42.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR142M(21.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR-49.1M(-10.4%)
MAIN DESTINATION (November 2024)SingaporeMYR277M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.69B
IMPORTS (2023)$907M
NET TRADE (2023)$778M

In 2023, Malaysia exported $1.69B in Electrical Control Boards. The main destinations of Malaysia exports on Electrical Control Boards were United States ($476M), Thailand ($242M), Singapore ($239M), China ($98M), and Germany ($66.6M).

In 2023, Malaysia imported $907M in Electrical Control Boards, mainly from China ($288M), Thailand ($120M), United States ($93.3M), Singapore ($86.9M), and Germany ($68.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$32.7M (7.36%)
Netherlands$18.3M (128%)
China$15.5M (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Malaysia WERE (2022 - 2023):
Singapore-$37.5M (-13.6%)
Philippines-$21.2M (-37.1%)
Vietnam-$12.2M (-50.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Electrical Control Boards were:
China $14.5B
Germany $13.7B
Mexico $9.41B
In 2023, Malaysia's main importing competitors in Electrical Control Boards were:
United States $18.9B
Germany $10.8B
China $6.58B

Explore Visualizations

Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $73.5M
TOP IMPORT POTENTIALChina+ $55M

Electrical Control Boards’s highest export potential is China. With an export gap of $73.5M.   Electrical Control Boards’s highest import potential is China with an import gap of $55M.

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