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2022
Exports $3.06MWorld Rnk 35 / 203
Flag Rnk 822 / 1198
2022
Destination $677k Mexico
2021 - 2022
FASTEST GROWING MARKET $677kMexico
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $22.4MWorld Rnk 30 / 220
Flag Rnk 682 / 1203
2022
Origin $734k China
2021 - 2022
FASTEST GROWING ORIGIN $734kChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $3.06M in Hand Tools, making it the 35th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 822nd most exported product in Malaysia. The main destination of Hand Tools exports from Malaysia are: Mexico ($786k), Singapore ($568k), United Kingdom ($270k), United States ($189k), and China ($185k).

The fastest growing export markets for Hand Tools of Malaysia between 2021 and 2022 were Mexico ($677k), United States ($152k), and Indonesia ($97.6k).

Imports In 2022, Malaysia imported $22.4M in Hand Tools, becoming the 30th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 682nd most imported product in Malaysia. Malaysia imports Hand Tools primarily from: China ($16.2M), Singapore ($1.48M), United States ($1.12M), Germany ($793k), and Switzerland ($607k).

The fastest growing import markets in Hand Tools for Malaysia between 2021 and 2022 were China ($734k), United Kingdom ($521k), and Thailand ($308k).

COMPANIES In 2023, leading companies such as Motorola (2) were at the forefront of shipping Hand Tools from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Hand Tools exports accounted up to MYR665k and imports accounted up to MYR3.9M, resulting in a negative trade balance of MYR3.24M. Between June 2023 and June 2024 the exports of Malaysia's   Hand Tools have increased by MYR497k (296%) from MYR168k to MYR665k, while imports decreased by MYR-41.3k (-1.05%) from MYR3.95M to MYR3.9M.

Destinations In June 2024, Hand Tools were exported mostly to Australia (MYR318k), Indonesia (MYR157k), India (MYR69.9k), Singapore (MYR68.1k), and Hong Kong (MYR11.8k), and were imported mostly from China (MYR1.82M), Singapore (MYR804k), Japan (MYR304k), United States (MYR301k), and Germany (MYR159k).

Growth In June 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to Brunei (MYR8.85k or 168%) and Indonesia (MYR2.26k or 35%). In June 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from China (MYR-587k or -25.3%), Portugal (MYR-293k or -99.9%), and Germany (MYR-156k or -61.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR497k(296%)
IMPORT GROWTH (June 2023 - June 2024)MYR-41.3k(-1.05%)
MAIN DESTINATION (June 2024)AustraliaMYR318k

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.06M
IMPORTS (2022)$22.4M
NET TRADE (2022)-$19.3M

In 2022, Malaysia exported $3.06M in Hand Tools. The main destinations of Malaysia exports on Hand Tools were Mexico ($786k), Singapore ($568k), United Kingdom ($270k), United States ($189k), and China ($185k).

In 2022, Malaysia imported $22.4M in Hand Tools, mainly from China ($16.2M), Singapore ($1.48M), United States ($1.12M), Germany ($793k), and Switzerland ($607k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Mexico$677k (625%)
United States$152k (406%)
Indonesia$97.6k (190%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Malaysia WERE (2021 - 2022):
China-$2.14M (-92.1%)
Italy-$126k (-100%)
United Kingdom-$72.1k (-21.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Hand Tools were:
China $1.12B
Germany $462M
Chinese Taipei $202M
In 2022, Malaysia's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $231k
TOP IMPORT POTENTIALChina+ $1.61M

Hand Tools’s highest export potential is United States. With an export gap of $231k.   Hand Tools’s highest import potential is China with an import gap of $1.61M.

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