Knit Sweaters in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $290M in Knit Sweaters, making it the 29th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 143rd most exported product in Malaysia. The main destination of Knit Sweaters exports from Malaysia are: United States ($148M), Japan ($70.5M), Singapore ($9.66M), Canada ($6.97M), and Netherlands ($6.37M).

The fastest growing export markets for Knit Sweaters of Malaysia between 2021 and 2022 were United States ($22.9M), Japan ($4.85M), and India ($2.5M).

Imports In 2022, Malaysia imported $128M in Knit Sweaters, becoming the 54th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 314th most imported product in Malaysia. Malaysia imports Knit Sweaters primarily from: China ($76.1M), Bangladesh ($9.21M), Singapore ($7.58M), Vietnam ($7.35M), and Spain ($3.55M).

The fastest growing import markets in Knit Sweaters for Malaysia between 2021 and 2022 were China ($31.9M), Vietnam ($4.31M), and Singapore ($4.27M).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Knit Sweaters from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Knit Sweaters exports accounted up to MYR93.2M and imports accounted up to MYR27M, resulting in a positive trade balance of MYR66.2M. Between September 2019 and September 2020 the exports of Malaysia's Knit Sweaters have increased by MYR24.8M (36.3%) from MYR68.4M to MYR93.2M, while imports increased by MYR336k (1.26%) from MYR26.6M to MYR27M.

Destinations In September 2020, Knit Sweaters were exported mostly to United States (MYR36.2M), Japan (MYR36.1M), Turkey (MYR4.63M), Belgium (MYR4.48M), and Singapore (MYR1.54M), and were imported mostly from China (MYR12.8M), Bangladesh (MYR2.87M), Spain (MYR1.58M), Italy (MYR1.31M), and Cambodia (MYR1.16M).

Growth In September 2020, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to Unclassified (MYR1.6M or 149%), Australia (MYR630k or 55.7%), and Singapore (MYR550k or 41.5%). In September 2020, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Spain (MYR1.64M or 930%), Vietnam (MYR1.33M or 90.5%), and Pakistan (MYR1.26M or 759%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR24.8M(36.3%)

IMPORT GROWTH (September 2019 - September 2020)MYR336k(1.26%)

MAIN DESTINATION (September 2020)United StatesMYR36.2M

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$290M

IMPORTS (2022)$128M

NET TRADE (2022)$162M

In 2022, Malaysia exported $290M in Knit Sweaters. The main destinations of Malaysia exports on Knit Sweaters were United States ($148M), Japan ($70.5M), Singapore ($9.66M), Canada ($6.97M), and Netherlands ($6.37M).

In 2022, Malaysia imported $128M in Knit Sweaters, mainly from China ($76.1M), Bangladesh ($9.21M), Singapore ($7.58M), Vietnam ($7.35M), and Spain ($3.55M).

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