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2022
Exports $1.09BWorld Rnk 33 / 222
Flag Rnk 50 / 1198
2022
Destination $17.1M Singapore
2021 - 2022
FASTEST GROWING MARKET $17.1MUnited States
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2022
Imports $1.37BWorld Rnk 30 / 225
Flag Rnk 31 / 1203
2022
Origin $115M China
2021 - 2022
FASTEST GROWING ORIGIN $115MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.09B in Insulated Wire, making it the 33rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 50th most exported product in Malaysia. The main destination of Insulated Wire exports from Malaysia are: Singapore ($226M), Thailand ($135M), United States ($129M), Japan ($111M), and Vietnam ($51M).

The fastest growing export markets for Insulated Wire of Malaysia between 2021 and 2022 were United States ($17.1M), Australia ($13.9M), and Singapore ($10.4M).

Imports In 2022, Malaysia imported $1.37B in Insulated Wire, becoming the 30th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 31st most imported product in Malaysia. Malaysia imports Insulated Wire primarily from: China ($717M), United States ($146M), Germany ($82M), Singapore ($80.5M), and Thailand ($56.4M).

The fastest growing import markets in Insulated Wire for Malaysia between 2021 and 2022 were China ($115M), Vietnam ($20.6M), and United States ($20.3M).

COMPANIES In 2023, leading companies such as StarTech (15), TE Connectivity (2), and Lollicup (1) were at the forefront of shipping Insulated Wire from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Insulated Wire exports accounted up to MYR504M and imports accounted up to MYR603M, resulting in a negative trade balance of MYR99.4M. Between August 2023 and August 2024 the exports of Malaysia's   Insulated Wire have increased by MYR130M (34.7%) from MYR374M to MYR504M, while imports increased by MYR64.9M (12.1%) from MYR538M to MYR603M.

Destinations In August 2024, Insulated Wire were exported mostly to Singapore (MYR121M), United States (MYR69.2M), Japan (MYR60.2M), Thailand (MYR40.3M), and China (MYR33.3M), and were imported mostly from China (MYR302M), Singapore (MYR60.6M), United States (MYR57.1M), Germany (MYR24M), and South Korea (MYR23M).

Growth In August 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Japan (MYR7.8M or 23.5%), India (MYR4.12M or 40.3%), and Brazil (MYR1.95M or 2.34k%). In August 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from United Kingdom (MYR13.8M or 1.88k%), Japan (MYR11.6M or 65.2%), and India (MYR9.63M or 367%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR130M(34.7%)
IMPORT GROWTH (August 2023 - August 2024)MYR64.9M(12.1%)
MAIN DESTINATION (August 2024)SingaporeMYR121M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.09B
IMPORTS (2022)$1.37B
NET TRADE (2022)-$276M

In 2022, Malaysia exported $1.09B in Insulated Wire. The main destinations of Malaysia exports on Insulated Wire were Singapore ($226M), Thailand ($135M), United States ($129M), Japan ($111M), and Vietnam ($51M).

In 2022, Malaysia imported $1.37B in Insulated Wire, mainly from China ($717M), United States ($146M), Germany ($82M), Singapore ($80.5M), and Thailand ($56.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$17.1M (15.3%)
Australia$13.9M (84.9%)
Singapore$10.4M (4.82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Malaysia WERE (2021 - 2022):
China-$12.2M (-20.5%)
Vietnam-$7.76M (-13.2%)
Thailand-$4.93M (-3.53%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Insulated Wire were:
China $33.9B
Mexico $16.6B
United States $11B
In 2022, Malaysia's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $82.6M
TOP IMPORT POTENTIALChina+ $87.6M

Insulated Wire’s highest export potential is United States. With an export gap of $82.6M.   Insulated Wire’s highest import potential is China with an import gap of $87.6M.

See methodology.

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