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2022
Exports $102MWorld Rnk 29 / 207
Flag Rnk 278 / 1198
2022
Destination $5.27M United States
2021 - 2022
FASTEST GROWING MARKET $5.27MJapan
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $141MWorld Rnk 24 / 221
Flag Rnk 292 / 1203
2022
Origin $30.1M China
2021 - 2022
FASTEST GROWING ORIGIN $30.1MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $102M in Knit Men's Suits, making it the 29th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 278th most exported product in Malaysia. The main destination of Knit Men's Suits exports from Malaysia are: United States ($41.8M), Japan ($11.2M), Netherlands ($8.68M), Singapore ($5.2M), and United Kingdom ($4.54M).

The fastest growing export markets for Knit Men's Suits of Malaysia between 2021 and 2022 were Japan ($5.27M), Netherlands ($4.04M), and Singapore ($2.36M).

Imports In 2022, Malaysia imported $141M in Knit Men's Suits, becoming the 24th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 292nd most imported product in Malaysia. Malaysia imports Knit Men's Suits primarily from: China ($105M), Bangladesh ($10.3M), Vietnam ($5.24M), Singapore ($3.64M), and Cambodia ($2.55M).

The fastest growing import markets in Knit Men's Suits for Malaysia between 2021 and 2022 were China ($30.1M), Vietnam ($2.87M), and Bangladesh ($2.75M).

COMPANIES In 2023, leading companies such as H&M Clothing (2) were at the forefront of shipping Knit Men's Suits from Malaysia to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Knit Men's Suits exports accounted up to MYR27.5M and imports accounted up to MYR20.8M, resulting in a positive trade balance of MYR6.68M. Between October 2023 and October 2024 the exports of Malaysia's   Knit Men's Suits have increased by MYR2.15M (8.46%) from MYR25.4M to MYR27.5M, while imports increased by MYR5.48M (35.7%) from MYR15.4M to MYR20.8M.

Destinations In October 2024, Knit Men's Suits were exported mostly to United States (MYR10.4M), Netherlands (MYR2.66M), Indonesia (MYR1.95M), Hong Kong (MYR1.61M), and Singapore (MYR1.52M), and were imported mostly from China (MYR7.7M), Cambodia (MYR2.86M), Vietnam (MYR2.63M), Indonesia (MYR1.37M), and Singapore (MYR854k).

Growth In October 2024, the increase in Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to United States (MYR9.6M or 201%), Japan (MYR2.65M or 90.4%), and United Kingdom (MYR1.43M or 114%). In October 2024, the increase in Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from China (MYR7.02M or 106%), Indonesia (MYR865k or 162%), and Burma (MYR361k or 546%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR2.15M(8.46%)
IMPORT GROWTH (October 2023 - October 2024)MYR5.48M(35.7%)
MAIN DESTINATION (October 2024)United StatesMYR10.4M

This section shows Knit Men's Suits'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 Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$141M
NET TRADE (2022)-$39.2M

In 2022, Malaysia exported $102M in Knit Men's Suits. The main destinations of Malaysia exports on Knit Men's Suits were United States ($41.8M), Japan ($11.2M), Netherlands ($8.68M), Singapore ($5.2M), and United Kingdom ($4.54M).

In 2022, Malaysia imported $141M in Knit Men's Suits, mainly from China ($105M), Bangladesh ($10.3M), Vietnam ($5.24M), Singapore ($3.64M), and Cambodia ($2.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$5.27M (88.4%)
Netherlands$4.04M (87.2%)
Singapore$2.36M (82.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Malaysia WERE (2021 - 2022):
United States-$2.44M (-5.52%)
Belgium-$821k (-25.2%)
Russia-$420k (-98%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Malaysia's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.93M
TOP IMPORT POTENTIALBangladesh+ $8.2M

Knit Men's Suits’s highest export potential is United States. With an export gap of $4.93M.   Knit Men's Suits’s highest import potential is Bangladesh with an import gap of $8.2M.

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