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2023
Exports $54.5MWorld Rnk 29 / 207
Flag Rnk 355 / 1208
2023
Destination $343k United States
2022 - 2023
FASTEST GROWING MARKET $343kBrazil
2023
PRODUCT COMPLEXITY IN Knit Men's Suits-1.34Rnk 912 / 1025
2023
Imports $85.7MWorld Rnk 28 / 221
Flag Rnk 359 / 1211
2023
Origin $1.11M China
2022 - 2023
FASTEST GROWING ORIGIN $1.11MCambodia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $54.5M 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 355th most exported product in Malaysia. The main destination of Knit Men's Suits exports from Malaysia are: United States ($18.3M), Japan ($4.69M), China ($3.37M), Hong Kong ($3.04M), and Netherlands ($2.87M).

The fastest growing export markets for Knit Men's Suits of Malaysia between 2022 and 2023 were Brazil ($343k), Australia ($338k), and Israel ($320k).

Imports In 2023, Malaysia imported $85.7M in Knit Men's Suits, becoming the 28th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 359th most imported product in Malaysia. Malaysia imports Knit Men's Suits primarily from: China ($58.5M), Vietnam ($5.33M), Bangladesh ($3.98M), Cambodia ($3.74M), and Indonesia ($2.58M).

The fastest growing import markets in Knit Men's Suits for Malaysia between 2022 and 2023 were Cambodia ($1.11M), Hong Kong ($936k), and Thailand ($284k).

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

November 2024

About

Overview In November 2024 Malaysia's Knit Men's Suits exports accounted up to MYR27.3M and imports accounted up to MYR19.8M, resulting in a positive trade balance of MYR7.56M. Between November 2023 and November 2024 the exports of Malaysia's   Knit Men's Suits have increased by MYR3.7M (15.7%) from MYR23.6M to MYR27.3M, while imports increased by MYR3.08M (18.4%) from MYR16.7M to MYR19.8M.

Destinations In November 2024, Knit Men's Suits were exported mostly to United States (MYR10.2M), Japan (MYR3.95M), Belgium (MYR2.41M), Singapore (MYR1.99M), and Netherlands (MYR1.23M), and were imported mostly from China (MYR9.79M), Cambodia (MYR1.54M), Vietnam (MYR1.27M), Bangladesh (MYR1.08M), and Sri Lanka (MYR1.07M).

Growth In November 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 November 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 (November 2023 - November 2024)MYR3.7M(15.7%)
IMPORT GROWTH (November 2023 - November 2024)MYR3.08M(18.4%)
MAIN DESTINATION (November 2024)United StatesMYR10.2M

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 (2023)$54.5M
IMPORTS (2023)$85.7M
NET TRADE (2023)-$31.2M

In 2023, Malaysia exported $54.5M in Knit Men's Suits. The main destinations of Malaysia exports on Knit Men's Suits were United States ($18.3M), Japan ($4.69M), China ($3.37M), Hong Kong ($3.04M), and Netherlands ($2.87M).

In 2023, Malaysia imported $85.7M in Knit Men's Suits, mainly from China ($58.5M), Vietnam ($5.33M), Bangladesh ($3.98M), Cambodia ($3.74M), and Indonesia ($2.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Brazil$343k (117%)
Australia$338k (34.9%)
Israel$320k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Malaysia WERE (2022 - 2023):
United States-$23.2M (-55.8%)
Japan-$6.85M (-59.3%)
Netherlands-$3.88M (-57.5%)
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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 Men's Suits were:
China $3.83B
Bangladesh $1.09B
Vietnam $1.03B
In 2023, Malaysia's main importing competitors in Knit Men's Suits were:
United States $2.64B
Japan $597M
United Kingdom $590M

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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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