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2022
Exports $7.63MWorld Rnk 19 / 175
Flag Rnk 670 / 1198
2022
Destination $4.25M United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $4.25MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Knotted Carpets-1.05Rnk 848 / 1025
2022
Imports $40.6MWorld Rnk 4 / 207
Flag Rnk 558 / 1203
2022
Origin $13.4M China
2021 - 2022
FASTEST GROWING ORIGIN $13.4MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $7.63M in Knotted Carpets, making it the 19th largest exporter of Knotted Carpets in the world. At the same year, Knotted Carpets was the 670th most exported product in Malaysia. The main destination of Knotted Carpets exports from Malaysia are: United Arab Emirates ($5.47M), Indonesia ($1.67M), Australia ($181k), Singapore ($59.4k), and Brunei ($52.3k).

The fastest growing export markets for Knotted Carpets of Malaysia between 2021 and 2022 were United Arab Emirates ($4.25M), Indonesia ($400k), and Australia ($47.6k).

Imports In 2022, Malaysia imported $40.6M in Knotted Carpets, becoming the 4th largest importer of Knotted Carpets in the world. At the same year, Knotted Carpets was the 558th most imported product in Malaysia. Malaysia imports Knotted Carpets primarily from: China ($32.8M), India ($5.85M), Egypt ($1M), Iran ($352k), and Turkey ($164k).

The fastest growing import markets in Knotted Carpets for Malaysia between 2021 and 2022 were China ($13.4M), India ($3.92M), and Turkey ($142k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Knotted Carpets exports accounted up to MYR339k and imports accounted up to MYR1.04M, resulting in a negative trade balance of MYR700k. Between August 2023 and August 2024 the exports of Malaysia's   Knotted Carpets have decreased by MYR-962k (-73.9%) from MYR1.3M to MYR339k, while imports decreased by MYR-8.42M (-89%) from MYR9.46M to MYR1.04M.

Destinations In August 2024, Knotted Carpets were exported mostly to Indonesia (MYR256k), Singapore (MYR58.9k), Australia (MYR17.9k), Brunei (MYR3.84k), and United States (MYR1.8k), and were imported mostly from China (MYR946k), Singapore (MYR44.3k), Vietnam (MYR11.8k), India (MYR10.6k), and Thailand (MYR10.2k).

Growth In August 2024, the decrease in Knotted Carpets's year-by-year exports was explained primarily by a decrease in exports to Indonesia (MYR-8.99k or -1.01%). In August 2024, the decrease in Knotted Carpets's year-by-year imports was explained primarily by a decrease in imports from India (MYR-3.48M or -98.1%), China (MYR-387k or -53.8%), and Pakistan (MYR-3.45k or -65.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-962k(-73.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR-8.42M(-89%)
MAIN DESTINATION (August 2024)IndonesiaMYR256k

This section shows Knotted Carpets'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 Knotted Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.63M
IMPORTS (2022)$40.6M
NET TRADE (2022)-$33M

In 2022, Malaysia exported $7.63M in Knotted Carpets. The main destinations of Malaysia exports on Knotted Carpets were United Arab Emirates ($5.47M), Indonesia ($1.67M), Australia ($181k), Singapore ($59.4k), and Brunei ($52.3k).

In 2022, Malaysia imported $40.6M in Knotted Carpets, mainly from China ($32.8M), India ($5.85M), Egypt ($1M), Iran ($352k), and Turkey ($164k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knotted Carpets EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United Arab Emirates$4.25M (346%)
Indonesia$400k (31.6%)
Australia$47.6k (35.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knotted Carpets BY Malaysia WERE (2021 - 2022):
Thailand-$53.4k (-65.6%)
Saudi Arabia-$40.3k (-100%)
New Zealand-$14.2k (-63.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Knotted Carpets were:
India $344M
China $94.5M
Pakistan $94M
In 2022, Malaysia's main importing competitors in Knotted Carpets were:
United States $425M
Germany $73.2M
United Kingdom $48.6M

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Trade Value of Knotted Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $83k
TOP IMPORT POTENTIALIndia+ $1.29M

Knotted Carpets’s highest export potential is Singapore. With an export gap of $83k.   Knotted Carpets’s highest import potential is India with an import gap of $1.29M.

See methodology.

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