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2023
Exports $3.46MWorld Rnk 65 / 191
Flag Rnk 792 / 1208
2023
Destination $720k Australia
2022 - 2023
FASTEST GROWING MARKET $720kAustralia
2023
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.47Rnk 942 / 1025
2023
Imports $50.3MWorld Rnk 26 / 214
Flag Rnk 481 / 1211
2023
Origin $1.33M China
2022 - 2023
FASTEST GROWING ORIGIN $1.33MVietnam
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $3.46M in Knit Men's Undergarments, making it the 65th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 792nd most exported product in Malaysia. The main destination of Knit Men's Undergarments exports from Malaysia are: Australia ($733k), United States ($635k), Hong Kong ($496k), Brunei ($262k), and Singapore ($218k).

The fastest growing export markets for Knit Men's Undergarments of Malaysia between 2022 and 2023 were Australia ($720k), China ($160k), and Netherlands ($96.2k).

Imports In 2023, Malaysia imported $50.3M in Knit Men's Undergarments, becoming the 26th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 481st most imported product in Malaysia. Malaysia imports Knit Men's Undergarments primarily from: China ($35.9M), Bangladesh ($4.62M), Vietnam ($3.56M), Cambodia ($2.04M), and India ($779k).

The fastest growing import markets in Knit Men's Undergarments for Malaysia between 2022 and 2023 were Vietnam ($1.33M), Cambodia ($1.29M), and Pakistan ($327k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Knit Men's Undergarments exports accounted up to MYR4.52M and imports accounted up to MYR13.1M, resulting in a negative trade balance of MYR8.55M. Between November 2023 and November 2024 the exports of Malaysia's   Knit Men's Undergarments have increased by MYR2.41M (114%) from MYR2.11M to MYR4.52M, while imports increased by MYR1.9M (17%) from MYR11.2M to MYR13.1M.

Destinations In November 2024, Knit Men's Undergarments were exported mostly to United States (MYR1.59M), United Arab Emirates (MYR976k), Indonesia (MYR890k), Australia (MYR293k), and Singapore (MYR229k), and were imported mostly from China (MYR4.51M), Vietnam (MYR2.87M), Bangladesh (MYR2.55M), Thailand (MYR757k), and Cambodia (MYR729k).

Growth In November 2024, the increase in Knit Men's Undergarments's year-by-year exports was explained primarily by an increase in exports to United States (MYR255k or 63.9%) and Singapore (MYR247k or 103%). In November 2024, the increase in Knit Men's Undergarments's year-by-year imports was explained primarily by an increase in imports from Sri Lanka (MYR596k or 439%), Vietnam (MYR456k or 78%), and India (MYR344k or 180%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.41M(114%)
IMPORT GROWTH (November 2023 - November 2024)MYR1.9M(17%)
MAIN DESTINATION (November 2024)United StatesMYR1.59M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.46M
IMPORTS (2023)$50.3M
NET TRADE (2023)-$46.8M

In 2023, Malaysia exported $3.46M in Knit Men's Undergarments. The main destinations of Malaysia exports on Knit Men's Undergarments were Australia ($733k), United States ($635k), Hong Kong ($496k), Brunei ($262k), and Singapore ($218k).

In 2023, Malaysia imported $50.3M in Knit Men's Undergarments, mainly from China ($35.9M), Bangladesh ($4.62M), Vietnam ($3.56M), Cambodia ($2.04M), and India ($779k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Australia$720k (5.39k%)
China$160k (19.4k%)
Netherlands$96.2k (2.01k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Malaysia WERE (2022 - 2023):
United States-$748k (-54.1%)
United Arab Emirates-$168k (-52.5%)
Brunei-$112k (-29.9%)
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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 Undergarments were:
China $2.48B
Bangladesh $1.08B
Vietnam $638M
In 2023, Malaysia's main importing competitors in Knit Men's Undergarments were:
United States $1.71B
Germany $562M
Japan $412M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $954k
TOP IMPORT POTENTIALChina+ $5.07M

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $954k.   Knit Men's Undergarments’s highest import potential is China with an import gap of $5.07M.

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