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2022
Exports $79.4MWorld Rnk 46 / 224
Flag Rnk 75 / 96
2022
Destination $2.15M Singapore
2021 - 2022
FASTEST GROWING MARKET $2.15MTurkey
2022
PRODUCT COMPLEXITY IN Leather articles-0.063Rnk 569 / 1025
2022
Imports $1.28BWorld Rnk 19 / 225
Flag Rnk 33 / 96
2022
Origin $173M China
2021 - 2022
FASTEST GROWING ORIGIN $173MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $79.4M in Leather articles, making it the 46th largest exporter of Leather articles in the world. At the same year, Leather articles was the 75th most exported product in Malaysia. The main destination of Leather articles exports from Malaysia are: Singapore ($16.9M), Turkey ($10.1M), United States ($9.01M), Indonesia ($5.17M), and Philippines ($4.04M).

The fastest growing export markets for Leather articles of Malaysia between 2021 and 2022 were Turkey ($2.15M), Indonesia ($1.37M), and Australia ($838k).

Imports In 2022, Malaysia imported $1.28B in Leather articles, becoming the 19th largest importer of Leather articles in the world. At the same year, Leather articles was the 33rd most imported product in Malaysia. Malaysia imports Leather articles primarily from: China ($995M), Singapore ($57.1M), France ($41.8M), Italy ($41.6M), and Hong Kong ($25.9M).

The fastest growing import markets in Leather articles for Malaysia between 2021 and 2022 were China ($173M), Singapore ($19.4M), and Italy ($18.3M).

COMPANIES In 2023, leading companies such as Halyard Health (376), Lollicup (6), and Michael Kors (6) were at the forefront of shipping Leather articles from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Leather articles exports accounted up to MYR57.4M and imports accounted up to MYR216M, resulting in a negative trade balance of MYR159M. Between June 2023 and June 2024 the exports of Malaysia's   Leather articles have increased by MYR9.08M (18.8%) from MYR48.4M to MYR57.4M, while imports decreased by MYR-16.4M (-7.03%) from MYR233M to MYR216M.

Destinations In June 2024, Leather articles were exported mostly to Singapore (MYR16.6M), Hong Kong (MYR5.96M), Indonesia (MYR2.73M), France (MYR2.23M), and United States (MYR2.06M), and were imported mostly from China (MYR79.9M), Singapore (MYR39.7M), Italy (MYR26.8M), France (MYR21.5M), and Vietnam (MYR13.7M).

Growth In June 2024, the increase in Leather articles's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR12.5M or 161%), Philippines (MYR2.23M or 99.5%), and Turkey (MYR2.19M or 388%). In June 2024, the decrease in Leather articles's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-833k or -44.6%), Australia (MYR-180k or -27.5%), and Macau (MYR-87.9k or -95.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR9.08M(18.8%)
IMPORT GROWTH (June 2023 - June 2024)MYR-16.4M(-7.03%)
MAIN DESTINATION (June 2024)SingaporeMYR16.6M

This section shows Leather articles'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 Leather articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$79.4M
IMPORTS (2022)$1.28B
NET TRADE (2022)-$1.2B

In 2022, Malaysia exported $79.4M in Leather articles. The main destinations of Malaysia exports on Leather articles were Singapore ($16.9M), Turkey ($10.1M), United States ($9.01M), Indonesia ($5.17M), and Philippines ($4.04M).

In 2022, Malaysia imported $1.28B in Leather articles, mainly from China ($995M), Singapore ($57.1M), France ($41.8M), Italy ($41.6M), and Hong Kong ($25.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather articles EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Turkey$2.15M (26.9%)
Indonesia$1.37M (36%)
Australia$838k (50%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather articles BY Malaysia WERE (2021 - 2022):
China-$4.76M (-68.9%)
Singapore-$4.22M (-20%)
Hong Kong-$1.86M (-34.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Leather articles were:
China $36.3B
France $12.5B
Italy $11.3B
In 2022, Malaysia's main importing competitors in Leather articles were:
United States $17.2B
Germany $5.8B
Japan $5.41B

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Trade Value of Leather articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.2M
TOP IMPORT POTENTIALVietnam+ $28.5M

Leather articles’s highest export potential is United States. With an export gap of $10.2M.   Leather articles’s highest import potential is Vietnam with an import gap of $28.5M.

See methodology.

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