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2022
Exports $4.27MWorld Rnk 47 / 188
Flag Rnk 769 / 1198
2022
Destination $626k Singapore
2021 - 2022
FASTEST GROWING MARKET $626kSingapore
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs-0.91Rnk 811 / 1025
2022
Imports $75.1MWorld Rnk 16 / 217
Flag Rnk 425 / 1203
2022
Origin $17.1M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $17.1MTurkey
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.27M in Hand-Woven Rugs, making it the 47th largest exporter of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 769th most exported product in Malaysia. The main destination of Hand-Woven Rugs exports from Malaysia are: Singapore ($1.15M), Thailand ($802k), Australia ($709k), India ($437k), and Philippines ($407k).

The fastest growing export markets for Hand-Woven Rugs of Malaysia between 2021 and 2022 were Singapore ($626k), Australia ($469k), and Philippines ($397k).

Imports In 2022, Malaysia imported $75.1M in Hand-Woven Rugs, becoming the 16th largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 425th most imported product in Malaysia. Malaysia imports Hand-Woven Rugs primarily from: Turkey ($41.9M), China ($25.1M), India ($2.07M), Egypt ($1.63M), and Indonesia ($1.51M).

The fastest growing import markets in Hand-Woven Rugs for Malaysia between 2021 and 2022 were Turkey ($17.1M), Switzerland ($446k), and Egypt ($309k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Hand-Woven Rugs exports accounted up to MYR1.56M and imports accounted up to MYR7.16M, resulting in a negative trade balance of MYR5.6M. Between September 2023 and September 2024 the exports of Malaysia's   Hand-Woven Rugs have decreased by MYR-150k (-8.79%) from MYR1.71M to MYR1.56M, while imports decreased by MYR-3.13M (-30.4%) from MYR10.3M to MYR7.16M.

Destinations In September 2024, Hand-Woven Rugs were exported mostly to Australia (MYR516k), Singapore (MYR370k), Thailand (MYR262k), Philippines (MYR191k), and India (MYR151k), and were imported mostly from China (MYR2.59M), Saudi Arabia (MYR944k), India (MYR741k), Egypt (MYR228k), and Belgium (MYR207k).

Growth In September 2024, the decrease in Hand-Woven Rugs's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-205k or -24.4%), India (MYR-155k or -92.7%), and Thailand (MYR-53.9k or -12%). In September 2024, the decrease in Hand-Woven Rugs's year-by-year imports was explained primarily by a decrease in imports from Turkey (MYR-4.19M or -42.9%), China (MYR-3.75M or -54.1%), and Egypt (MYR-727k or -57.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-150k(-8.79%)
IMPORT GROWTH (September 2023 - September 2024)MYR-3.13M(-30.4%)
MAIN DESTINATION (September 2024)AustraliaMYR516k

This section shows Hand-Woven Rugs'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-Woven Rugs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.27M
IMPORTS (2022)$75.1M
NET TRADE (2022)-$70.9M

In 2022, Malaysia exported $4.27M in Hand-Woven Rugs. The main destinations of Malaysia exports on Hand-Woven Rugs were Singapore ($1.15M), Thailand ($802k), Australia ($709k), India ($437k), and Philippines ($407k).

In 2022, Malaysia imported $75.1M in Hand-Woven Rugs, mainly from Turkey ($41.9M), China ($25.1M), India ($2.07M), Egypt ($1.63M), and Indonesia ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$626k (120%)
Australia$469k (196%)
Philippines$397k (3.74k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY Malaysia WERE (2021 - 2022):
New Zealand-$213k (-56%)
United States-$144k (-92.6%)
Bangladesh-$46.3k (-100%)
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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-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, Malaysia's main importing competitors in Hand-Woven Rugs were:
United States $1.61B
Germany $392M
Saudi Arabia $218M

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $134k
TOP IMPORT POTENTIALIndia+ $2.6M

Hand-Woven Rugs’s highest export potential is India. With an export gap of $134k.   Hand-Woven Rugs’s highest import potential is India with an import gap of $2.6M.

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