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2022
Exports $126MWorld Rnk 24 / 209
Flag Rnk 253 / 1198
2022
Destination $14.9M Singapore
2021 - 2022
FASTEST GROWING MARKET $14.9MMexico
2022
PRODUCT COMPLEXITY IN Electrical Ignitions0.62Rnk 310 / 1025
2022
Imports $234MWorld Rnk 23 / 223
Flag Rnk 213 / 1203
2022
Origin $30.6M China
2021 - 2022
FASTEST GROWING ORIGIN $30.6MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $126M in Electrical Ignitions, making it the 24th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 253rd most exported product in Malaysia. The main destination of Electrical Ignitions exports from Malaysia are: Singapore ($29.4M), Mexico ($26.5M), United States ($17.4M), Saudi Arabia ($10.5M), and United Arab Emirates ($6.09M).

The fastest growing export markets for Electrical Ignitions of Malaysia between 2021 and 2022 were Mexico ($14.9M), Thailand ($1.35M), and South Africa ($1.15M).

Imports In 2022, Malaysia imported $234M in Electrical Ignitions, becoming the 23rd largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 213th most imported product in Malaysia. Malaysia imports Electrical Ignitions primarily from: China ($87.6M), Thailand ($41.4M), Japan ($30.8M), Germany ($18.1M), and Singapore ($10.3M).

The fastest growing import markets in Electrical Ignitions for Malaysia between 2021 and 2022 were China ($30.6M), Thailand ($11.3M), and Germany ($4.9M).

COMPANIES In 2023, leading companies such as General Motors (1) were at the forefront of shipping Electrical Ignitions from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Electrical Ignitions exports accounted up to MYR58.9M and imports accounted up to MYR91.6M, resulting in a negative trade balance of MYR32.7M. Between June 2023 and June 2024 the exports of Malaysia's   Electrical Ignitions have increased by MYR10.2M (20.9%) from MYR48.7M to MYR58.9M, while imports decreased by MYR-5.52M (-5.68%) from MYR97.1M to MYR91.6M.

Destinations In June 2024, Electrical Ignitions were exported mostly to Singapore (MYR16.4M), United States (MYR10.1M), United Arab Emirates (MYR5.57M), Brazil (MYR4.13M), and Thailand (MYR3M), and were imported mostly from China (MYR30.5M), Thailand (MYR14.2M), Japan (MYR11.9M), Indonesia (MYR6.36M), and South Korea (MYR5.91M).

Growth In June 2024, the increase in Electrical Ignitions's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (MYR2.05M or 415%), Thailand (MYR833k or 54%), and Indonesia (MYR334k or 38.9%). In June 2024, the decrease in Electrical Ignitions's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-977k or -46.2%), Singapore (MYR-917k or -83.5%), and Turkey (MYR-387k or -33.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR10.2M(20.9%)
IMPORT GROWTH (June 2023 - June 2024)MYR-5.52M(-5.68%)
MAIN DESTINATION (June 2024)SingaporeMYR16.4M

This section shows Electrical Ignitions'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 Ignitions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$126M
IMPORTS (2022)$234M
NET TRADE (2022)-$108M

In 2022, Malaysia exported $126M in Electrical Ignitions. The main destinations of Malaysia exports on Electrical Ignitions were Singapore ($29.4M), Mexico ($26.5M), United States ($17.4M), Saudi Arabia ($10.5M), and United Arab Emirates ($6.09M).

In 2022, Malaysia imported $234M in Electrical Ignitions, mainly from China ($87.6M), Thailand ($41.4M), Japan ($30.8M), Germany ($18.1M), and Singapore ($10.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Mexico$14.9M (128%)
Thailand$1.35M (38.9%)
South Africa$1.15M (117%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Malaysia WERE (2021 - 2022):
United States-$2.39M (-12.1%)
Russia-$795k (-99.5%)
Japan-$568k (-57.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Electrical Ignitions were:
Japan $3.43B
China $3.22B
United States $2.02B
In 2022, Malaysia's main importing competitors in Electrical Ignitions were:
United States $4.44B
Germany $2.05B
Mexico $1.66B

Explore Visualizations

Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.6M
TOP IMPORT POTENTIALChina+ $9.56M

Electrical Ignitions’s highest export potential is United States. With an export gap of $11.6M.   Electrical Ignitions’s highest import potential is China with an import gap of $9.56M.

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