Iron Sewing Needles in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $15.2M in Iron Sewing Needles, making it the 4th largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 570th most exported product in Malaysia. The main destination of Iron Sewing Needles exports from Malaysia are: United States ($3.96M), Thailand ($3.25M), Germany ($2.69M), Singapore ($2.55M), and Hong Kong ($429k).

The fastest growing export markets for Iron Sewing Needles of Malaysia between 2021 and 2022 were Germany ($1.04M), United States ($998k), and Mexico ($113k).

Imports In 2022, Malaysia imported $22.4M in Iron Sewing Needles, becoming the 3rd largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 683rd most imported product in Malaysia. Malaysia imports Iron Sewing Needles primarily from: China ($12M), Singapore ($3.1M), Chinese Taipei ($1.45M), United States ($1.23M), and Finland ($1.19M).

The fastest growing import markets in Iron Sewing Needles for Malaysia between 2021 and 2022 were China ($4.77M), Finland ($997k), and United States ($652k).

Latest Trends

March 2024

About

Overview In March 2024 Malaysia's Iron Sewing Needles exports accounted up to MYR7.21M and imports accounted up to MYR11.2M, resulting in a negative trade balance of MYR3.99M. Between March 2023 and March 2024 the exports of Malaysia's Iron Sewing Needles have increased by MYR422k (6.22%) from MYR6.79M to MYR7.21M, while imports decreased by MYR-1.07M (-8.7%) from MYR12.3M to MYR11.2M.

Destinations In March 2024, Iron Sewing Needles were exported mostly to Thailand (MYR3.82M), Singapore (MYR1.81M), United States (MYR702k), Germany (MYR322k), and Hong Kong (MYR158k), and were imported mostly from China (MYR3.58M), Singapore (MYR2.23M), Australia (MYR1.53M), India (MYR989k), and Japan (MYR948k).

Growth In March 2024, the increase in Iron Sewing Needles's year-by-year exports was explained primarily by an increase in exports to China (MYR299k or 159%), Thailand (MYR111k or 12.2%), and Singapore (MYR86.5k or 4.93%). In March 2024, the decrease in Iron Sewing Needles's year-by-year imports was explained primarily by a decrease in imports from South Korea (MYR-4.82M or -91.5%), United States (MYR-905k or -82.9%), and Singapore (MYR-765k or -23.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR422k(6.22%)

IMPORT GROWTH (March 2023 - March 2024)MYR-1.07M(-8.7%)

MAIN DESTINATION (March 2024)ThailandMYR3.82M

This section shows Iron Sewing Needles'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 Iron Sewing Needles over time.

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