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2023
Exports $683MWorld Rnk 18 / 216
Flag Rnk 76 / 1208
2023
Destination $32.5M United States
2022 - 2023
FASTEST GROWING MARKET $32.5MUnited States
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories0.94Rnk 195 / 1025
2023
Imports $359MWorld Rnk 33 / 224
Flag Rnk 130 / 1211
2023
Origin $61.7M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $61.7MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $683M in Electrical Power Accessories, making it the 18th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 76th most exported product in Malaysia. The main destination of Electrical Power Accessories exports from Malaysia are: United States ($232M), Singapore ($170M), China ($59.6M), Japan ($24M), and Canada ($18.1M).

The fastest growing export markets for Electrical Power Accessories of Malaysia between 2022 and 2023 were United States ($32.5M), Singapore ($3.31M), and Canada ($2.25M).

Imports In 2023, Malaysia imported $359M in Electrical Power Accessories, becoming the 33rd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 130th most imported product in Malaysia. Malaysia imports Electrical Power Accessories primarily from: Singapore ($100M), China ($72.2M), Japan ($37.7M), Germany ($26.4M), and United States ($25.8M).

The fastest growing import markets in Electrical Power Accessories for Malaysia between 2022 and 2023 were Singapore ($61.7M), Hong Kong ($13.9M), and South Korea ($10.2M).

COMPANIES In 2023, leading companies such as Tesla (147) and Electrolux (3) were at the forefront of shipping Electrical Power Accessories from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Electrical Power Accessories exports accounted up to MYR150M and imports accounted up to MYR113M, resulting in a positive trade balance of MYR36.1M. Between November 2023 and November 2024 the exports of Malaysia's   Electrical Power Accessories have decreased by MYR-16.2M (-9.77%) from MYR166M to MYR150M, while imports increased by MYR2.71M (2.45%) from MYR111M to MYR113M.

Destinations In November 2024, Electrical Power Accessories were exported mostly to United States (MYR41.6M), Singapore (MYR40.9M), Japan (MYR9M), Netherlands (MYR7.06M), and Australia (MYR6.94M), and were imported mostly from China (MYR42.3M), Singapore (MYR25.3M), United States (MYR11.5M), Japan (MYR6.47M), and Thailand (MYR4.35M).

Growth In November 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-3.11M or -30.9%), China (MYR-2.74M or -26.7%), and Hong Kong (MYR-2.55M or -56.1%). In November 2024, the increase in Electrical Power Accessories's year-by-year imports was explained primarily by an increase in imports from South Korea (MYR32.9M or 2.3k%), Indonesia (MYR4.59M or 333%), and Germany (MYR2.8M or 52.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-16.2M(-9.77%)
IMPORT GROWTH (November 2023 - November 2024)MYR2.71M(2.45%)
MAIN DESTINATION (November 2024)United StatesMYR41.6M

This section shows Electrical Power Accessories'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 Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$683M
IMPORTS (2023)$359M
NET TRADE (2023)$324M

In 2023, Malaysia exported $683M in Electrical Power Accessories. The main destinations of Malaysia exports on Electrical Power Accessories were United States ($232M), Singapore ($170M), China ($59.6M), Japan ($24M), and Canada ($18.1M).

In 2023, Malaysia imported $359M in Electrical Power Accessories, mainly from Singapore ($100M), China ($72.2M), Japan ($37.7M), Germany ($26.4M), and United States ($25.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$32.5M (16.3%)
Singapore$3.31M (1.98%)
Canada$2.25M (14.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Malaysia WERE (2022 - 2023):
Hong Kong-$39.8M (-72%)
Mexico-$24M (-94.8%)
South Korea-$10.2M (-85.4%)
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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 Power Accessories were:
Germany $7.23B
China $6.67B
United States $4.44B
In 2023, Malaysia's main importing competitors in Electrical Power Accessories were:
Mexico $4.57B
United States $4.46B
Germany $3.3B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.6M
TOP IMPORT POTENTIALChina+ $27.3M

Electrical Power Accessories’s highest export potential is China. With an export gap of $26.6M.   Electrical Power Accessories’s highest import potential is China with an import gap of $27.3M.

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