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2022
Exports $8.23MWorld Rnk 47 / 144
Flag Rnk 662 / 1198
2022
Destination $1.13M United States
2021 - 2022
FASTEST GROWING MARKET $1.13MKenya
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $25.3MWorld Rnk 45 / 200
Flag Rnk 658 / 1203
2022
Origin $5.11M China
2021 - 2022
FASTEST GROWING ORIGIN $5.11MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $8.23M in Locomotive Parts, making it the 47th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 662nd most exported product in Malaysia. The main destination of Locomotive Parts exports from Malaysia are: United States ($3.55M), Kenya ($1.64M), Netherlands ($478k), United Kingdom ($404k), and India ($318k).

The fastest growing export markets for Locomotive Parts of Malaysia between 2021 and 2022 were Kenya ($1.13M), United States ($896k), and India ($295k).

Imports In 2022, Malaysia imported $25.3M in Locomotive Parts, becoming the 45th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 658th most imported product in Malaysia. Malaysia imports Locomotive Parts primarily from: China ($8.21M), United States ($7.83M), United Kingdom ($1.98M), France ($1.56M), and Mexico ($1.21M).

The fastest growing import markets in Locomotive Parts for Malaysia between 2021 and 2022 were United States ($5.11M), Italy ($445k), and Romania ($324k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Locomotive Parts exports accounted up to MYR1.89M and imports accounted up to MYR12.8M, resulting in a negative trade balance of MYR10.9M. Between June 2023 and June 2024 the exports of Malaysia's   Locomotive Parts have decreased by MYR-3.33M (-63.8%) from MYR5.21M to MYR1.89M, while imports increased by MYR9.66M (309%) from MYR3.12M to MYR12.8M.

Destinations In June 2024, Locomotive Parts were exported mostly to Australia (MYR795k), United States (MYR398k), Cambodia (MYR265k), Poland (MYR196k), and Hungary (MYR130k), and were imported mostly from China (MYR8.43M), United Kingdom (MYR2.75M), France (MYR728k), United States (MYR192k), and Germany (MYR185k).

Growth In June 2024, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-273k or -14.5%), Singapore (MYR-87.1k or -66.1%), and Canada (MYR-26.9k or -28.3%). In June 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from China (MYR8.24M or 214%), United States (MYR1.54M or 1.35k%), and Hong Kong (MYR31.5k or 9.38%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-3.33M(-63.8%)
IMPORT GROWTH (June 2023 - June 2024)MYR9.66M(309%)
MAIN DESTINATION (June 2024)AustraliaMYR795k

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.23M
IMPORTS (2022)$25.3M
NET TRADE (2022)-$17M

In 2022, Malaysia exported $8.23M in Locomotive Parts. The main destinations of Malaysia exports on Locomotive Parts were United States ($3.55M), Kenya ($1.64M), Netherlands ($478k), United Kingdom ($404k), and India ($318k).

In 2022, Malaysia imported $25.3M in Locomotive Parts, mainly from China ($8.21M), United States ($7.83M), United Kingdom ($1.98M), France ($1.56M), and Mexico ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Kenya$1.13M (219%)
United States$896k (33.7%)
India$295k (1.31k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Malaysia WERE (2021 - 2022):
China-$200k (-62.4%)
Australia-$179k (-48.1%)
South Korea-$116k (-94.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Malaysia's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.02M
TOP IMPORT POTENTIALChina+ $3.52M

Locomotive Parts’s highest export potential is United States. With an export gap of $1.02M.   Locomotive Parts’s highest import potential is China with an import gap of $3.52M.

See methodology.

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