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2022
Exports $671MWorld Rnk 19 / 218
Flag Rnk 72 / 1198
2022
Destination $52.6M United States
2021 - 2022
FASTEST GROWING MARKET $52.6MChina
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $355MWorld Rnk 28 / 225
Flag Rnk 141 / 1203
2022
Origin $48.6M China
2021 - 2022
FASTEST GROWING ORIGIN $48.6MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $671M in Electrical Power Accessories, making it the 19th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 72nd most exported product in Malaysia. The main destination of Electrical Power Accessories exports from Malaysia are: United States ($205M), Singapore ($141M), China ($75.4M), Hong Kong ($26M), and Thailand ($24M).

The fastest growing export markets for Electrical Power Accessories of Malaysia between 2021 and 2022 were China ($52.6M), United States ($46.1M), and Singapore ($41.6M).

Imports In 2022, Malaysia imported $355M in Electrical Power Accessories, becoming the 28th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 141st most imported product in Malaysia. Malaysia imports Electrical Power Accessories primarily from: China ($96.4M), Singapore ($71.1M), Japan ($44.8M), United States ($30.6M), and Germany ($30.1M).

The fastest growing import markets in Electrical Power Accessories for Malaysia between 2021 and 2022 were Singapore ($48.6M), China ($17.9M), and Germany ($4.63M).

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

August 2024

About

Overview In August 2024 Malaysia's Electrical Power Accessories exports accounted up to MYR160M and imports accounted up to MYR130M, resulting in a positive trade balance of MYR29.6M. Between August 2023 and August 2024 the exports of Malaysia's   Electrical Power Accessories have decreased by MYR-58.6M (-26.8%) from MYR219M to MYR160M, while imports increased by MYR31.8M (32.2%) from MYR98.7M to MYR130M.

Destinations In August 2024, Electrical Power Accessories were exported mostly to United States (MYR51M), Singapore (MYR43.2M), Japan (MYR12.7M), China (MYR8.58M), and Australia (MYR6.58M), and were imported mostly from China (MYR39.6M), Singapore (MYR31.8M), United States (MYR13.7M), India (MYR10.5M), and Japan (MYR6.75M).

Growth In August 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 August 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 (August 2023 - August 2024)MYR-58.6M(-26.8%)
IMPORT GROWTH (August 2023 - August 2024)MYR31.8M(32.2%)
MAIN DESTINATION (August 2024)United StatesMYR51M

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 (2022)$671M
IMPORTS (2022)$355M
NET TRADE (2022)$316M

In 2022, Malaysia exported $671M in Electrical Power Accessories. The main destinations of Malaysia exports on Electrical Power Accessories were United States ($205M), Singapore ($141M), China ($75.4M), Hong Kong ($26M), and Thailand ($24M).

In 2022, Malaysia imported $355M in Electrical Power Accessories, mainly from China ($96.4M), Singapore ($71.1M), Japan ($44.8M), United States ($30.6M), and Germany ($30.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$52.6M (231%)
United States$46.1M (29%)
Singapore$41.6M (41.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Malaysia WERE (2021 - 2022):
Hong Kong-$9.57M (-26.9%)
Mexico-$7.28M (-37.6%)
Vietnam-$4.78M (-41.4%)
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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 Power Accessories were:
China $6.47B
Germany $6.36B
United States $4.96B
In 2022, Malaysia's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B
China $3.93B

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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.

See methodology.

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