Gaskets in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $23M in Gaskets, making it the 30th largest exporter of Gaskets in the world. At the same year, Gaskets was the 501st most exported product in Malaysia. The main destination of Gaskets exports from Malaysia are: China ($3.31M), Singapore ($3.08M), Indonesia ($2.89M), Japan ($2.84M), and Thailand ($2.62M).

The fastest growing export markets for Gaskets of Malaysia between 2021 and 2022 were China ($2.51M), United States ($490k), and Brunei ($308k).

Imports In 2022, Malaysia imported $66.7M in Gaskets, becoming the 24th largest importer of Gaskets in the world. At the same year, Gaskets was the 453rd most imported product in Malaysia. Malaysia imports Gaskets primarily from: China ($16M), United States ($9.18M), Singapore ($8.47M), Japan ($7.91M), and Germany ($4.74M).

The fastest growing import markets in Gaskets for Malaysia between 2021 and 2022 were China ($5.71M), United States ($2.95M), and Indonesia ($1.21M).

Latest Trends

July 2024

About

Overview In July 2024 Malaysia's Gaskets exports accounted up to MYR16.4M and imports accounted up to MYR59M, resulting in a negative trade balance of MYR42.7M. Between July 2023 and July 2024 the exports of Malaysia's Gaskets have increased by MYR3.54M (27.6%) from MYR12.8M to MYR16.4M, while imports increased by MYR7.18M (13.8%) from MYR51.8M to MYR59M.

Destinations In July 2024, Gaskets were exported mostly to Singapore (MYR3.2M), Thailand (MYR1.77M), Indonesia (MYR1.68M), United States (MYR1.31M), and Japan (MYR1.21M), and were imported mostly from Japan (MYR14.6M), United States (MYR10.8M), China (MYR7.18M), United Kingdom (MYR5.61M), and Singapore (MYR5.17M).

Growth In July 2024, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR914k or 76%), India (MYR218k or 131%), and Vietnam (MYR173k or 92.7%). In July 2024, the increase in Gaskets's year-by-year imports was explained primarily by an increase in imports from Singapore (MYR2.05M or 65.8%), France (MYR287k or 359%), and India (MYR254k or 75.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)MYR3.54M(27.6%)

IMPORT GROWTH (July 2023 - July 2024)MYR7.18M(13.8%)

MAIN DESTINATION (July 2024)SingaporeMYR3.2M

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$23M

IMPORTS (2022)$66.7M

NET TRADE (2022)-$43.7M

In 2022, Malaysia exported $23M in Gaskets. The main destinations of Malaysia exports on Gaskets were China ($3.31M), Singapore ($3.08M), Indonesia ($2.89M), Japan ($2.84M), and Thailand ($2.62M).

In 2022, Malaysia imported $66.7M in Gaskets, mainly from China ($16M), United States ($9.18M), Singapore ($8.47M), Japan ($7.91M), and Germany ($4.74M).

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