NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $258MWorld Rnk 32 / 219
Flag Rnk 148 / 1208
2023
Destination $18.1M United States
2022 - 2023
FASTEST GROWING MARKET $18.1MJapan
2023
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 900 / 1025
2023
Imports $149MWorld Rnk 44 / 220
Flag Rnk 256 / 1211
2023
Origin $10.7M China
2022 - 2023
FASTEST GROWING ORIGIN $10.7MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $258M in Knit Sweaters, making it the 32nd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 148th most exported product in Malaysia. The main destination of Knit Sweaters exports from Malaysia are: United States ($94.4M), Japan ($91.2M), China ($10.7M), Canada ($7.37M), and Hong Kong ($7M).

The fastest growing export markets for Knit Sweaters of Malaysia between 2022 and 2023 were Japan ($18.1M), China ($4.21M), and Hong Kong ($2.58M).

Imports In 2023, Malaysia imported $149M in Knit Sweaters, becoming the 44th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 256th most imported product in Malaysia. Malaysia imports Knit Sweaters primarily from: China ($83.6M), Singapore ($13.7M), Bangladesh ($10.6M), Vietnam ($8.84M), and Italy ($5.76M).

The fastest growing import markets in Knit Sweaters for Malaysia between 2022 and 2023 were Singapore ($10.7M), India ($1.93M), and Vietnam ($1.93M).

COMPANIES In 2023, leading companies such as Nike (8) and H&M Clothing (7) were at the forefront of shipping Knit Sweaters from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Knit Sweaters exports accounted up to MYR113M and imports accounted up to MYR53.2M, resulting in a positive trade balance of MYR59.8M. Between November 2023 and November 2024 the exports of Malaysia's   Knit Sweaters have decreased by MYR-44.5M (-28.3%) from MYR158M to MYR113M, while imports decreased by MYR-8.18M (-13.3%) from MYR61.4M to MYR53.2M.

Destinations In November 2024, Knit Sweaters were exported mostly to Japan (MYR43.9M), United States (MYR27.8M), Belgium (MYR5.84M), Singapore (MYR5.48M), and Netherlands (MYR4.49M), and were imported mostly from China (MYR19.8M), Vietnam (MYR6.91M), Singapore (MYR6.42M), Italy (MYR3.29M), and India (MYR2.42M).

Growth In November 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-3.76M or -12.6%), United Kingdom (MYR-2.61M or -95.4%), and Netherlands (MYR-1.6M or -49.6%). In November 2024, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-504k or -47.3%), Denmark (MYR-227k or -97.6%), and Turkey (MYR-187k or -34.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-44.5M(-28.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR-8.18M(-13.3%)
MAIN DESTINATION (November 2024)JapanMYR43.9M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$258M
IMPORTS (2023)$149M
NET TRADE (2023)$109M

In 2023, Malaysia exported $258M in Knit Sweaters. The main destinations of Malaysia exports on Knit Sweaters were United States ($94.4M), Japan ($91.2M), China ($10.7M), Canada ($7.37M), and Hong Kong ($7M).

In 2023, Malaysia imported $149M in Knit Sweaters, mainly from China ($83.6M), Singapore ($13.7M), Bangladesh ($10.6M), Vietnam ($8.84M), and Italy ($5.76M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Japan$18.1M (24.8%)
China$4.21M (64.6%)
Hong Kong$2.58M (58.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Malaysia WERE (2022 - 2023):
United States-$68.4M (-42%)
Singapore-$5.42M (-51.9%)
Turkey-$2M (-32.1%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Knit Sweaters were:
China $19.7B
Bangladesh $6.68B
Vietnam $4.31B
In 2023, Malaysia's main importing competitors in Knit Sweaters were:
United States $14.9B
Germany $5.42B
Japan $4.39B

Explore Visualizations

Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.9M
TOP IMPORT POTENTIALChina+ $27.6M

Knit Sweaters’s highest export potential is United States. With an export gap of $19.9M.   Knit Sweaters’s highest import potential is China with an import gap of $27.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms