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2023
Exports $2.54MWorld Rnk 62 / 195
Flag Rnk 849 / 1208
2023
Destination $322k United States
2022 - 2023
FASTEST GROWING MARKET $322kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.57Rnk 954 / 1025
2023
Imports $38.4MWorld Rnk 34 / 216
Flag Rnk 538 / 1211
2023
Origin $2.11M China
2022 - 2023
FASTEST GROWING ORIGIN $2.11MBangladesh
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $2.54M in Knit Babies' Garments, making it the 62nd largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 849th most exported product in Malaysia. The main destination of Knit Babies' Garments exports from Malaysia are: United States ($410k), United Kingdom ($390k), Australia ($326k), Singapore ($265k), and United Arab Emirates ($214k).

The fastest growing export markets for Knit Babies' Garments of Malaysia between 2022 and 2023 were United Kingdom ($322k), Australia ($276k), and Ecuador ($43.3k).

Imports In 2023, Malaysia imported $38.4M in Knit Babies' Garments, becoming the 34th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 538th most imported product in Malaysia. Malaysia imports Knit Babies' Garments primarily from: China ($22.1M), Bangladesh ($5.52M), India ($3.81M), Sri Lanka ($2M), and Indonesia ($940k).

The fastest growing import markets in Knit Babies' Garments for Malaysia between 2022 and 2023 were Bangladesh ($2.11M), Sri Lanka ($1.66M), and United Arab Emirates ($394k).

COMPANIES In 2023, leading companies such as H&M Clothing (4) were at the forefront of shipping Knit Babies' Garments from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Knit Babies' Garments exports accounted up to MYR2.74M and imports accounted up to MYR7.76M, resulting in a negative trade balance of MYR5.02M. Between November 2023 and November 2024 the exports of Malaysia's   Knit Babies' Garments have increased by MYR2.16M (369%) from MYR584k to MYR2.74M, while imports decreased by MYR-5.96M (-43.4%) from MYR13.7M to MYR7.76M.

Destinations In November 2024, Knit Babies' Garments were exported mostly to Indonesia (MYR1.31M), Singapore (MYR215k), Vietnam (MYR88.8k), Thailand (MYR39.7k), and Hong Kong (MYR30.3k), and were imported mostly from China (MYR4.37M), Bangladesh (MYR1.14M), India (MYR897k), Pakistan (MYR302k), and Vietnam (MYR278k).

Growth In November 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR179k or 85.1%) and Indonesia (MYR75.9k or 4.73k%). In November 2024, the decrease in Knit Babies' Garments's year-by-year imports was explained primarily by a decrease in imports from Indonesia (MYR-172k or -46.7%), Hong Kong (MYR-109k or -45.2%), and Cambodia (MYR-45.6k or -21%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.16M(369%)
IMPORT GROWTH (November 2023 - November 2024)MYR-5.96M(-43.4%)
MAIN DESTINATION (November 2024)IndonesiaMYR1.31M

This section shows Knit Babies' Garments'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 Knit Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.54M
IMPORTS (2023)$38.4M
NET TRADE (2023)-$35.8M

In 2023, Malaysia exported $2.54M in Knit Babies' Garments. The main destinations of Malaysia exports on Knit Babies' Garments were United States ($410k), United Kingdom ($390k), Australia ($326k), Singapore ($265k), and United Arab Emirates ($214k).

In 2023, Malaysia imported $38.4M in Knit Babies' Garments, mainly from China ($22.1M), Bangladesh ($5.52M), India ($3.81M), Sri Lanka ($2M), and Indonesia ($940k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United Kingdom$322k (472%)
Australia$276k (545%)
Ecuador$43.3k (918%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Malaysia WERE (2022 - 2023):
Singapore-$1.06M (-79.9%)
United States-$455k (-52.6%)
United Arab Emirates-$175k (-45.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Knit Babies' Garments were:
China $1.81B
Bangladesh $1.04B
India $943M
In 2023, Malaysia's main importing competitors in Knit Babies' Garments were:
United States $1.54B
Germany $557M
France $465M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $751k
TOP IMPORT POTENTIALChina+ $4.55M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $751k.   Knit Babies' Garments’s highest import potential is China with an import gap of $4.55M.

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