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2023
Exports $1.67BWorld Rnk 15 / 226
Flag Rnk 27 / 1208
2023
Destination $58M Singapore
2022 - 2023
FASTEST GROWING MARKET $58MUnited States
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.68Rnk 294 / 1025
2023
Imports $1.87BWorld Rnk 19 / 226
Flag Rnk 20 / 1211
2023
Origin $21.5M China
2022 - 2023
FASTEST GROWING ORIGIN $21.5MThailand
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.67B in Low-voltage Protection Equipment, making it the 15th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 27th most exported product in Malaysia. The main destination of Low-voltage Protection Equipment exports from Malaysia are: Singapore ($348M), China ($227M), United States ($212M), Japan ($171M), and Mexico ($85.7M).

The fastest growing export markets for Low-voltage Protection Equipment of Malaysia between 2022 and 2023 were United States ($58M), France ($27.9M), and China ($22.6M).

Imports In 2023, Malaysia imported $1.87B in Low-voltage Protection Equipment, becoming the 19th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 20th most imported product in Malaysia. Malaysia imports Low-voltage Protection Equipment primarily from: China ($514M), Singapore ($424M), United States ($215M), Japan ($160M), and Thailand ($92.4M).

The fastest growing import markets in Low-voltage Protection Equipment for Malaysia between 2022 and 2023 were Thailand ($21.5M), Mexico ($20.2M), and Turkey ($2.87M).

COMPANIES In 2023, leading companies such as Cooper Lighting Solutions (57), Yaheetech (14), and Cloud Network Technology (4) were at the forefront of shipping Low-voltage Protection Equipment from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Low-voltage Protection Equipment exports accounted up to MYR431M and imports accounted up to MYR848M, resulting in a negative trade balance of MYR418M. Between November 2023 and November 2024 the exports of Malaysia's   Low-voltage Protection Equipment have increased by MYR30.1M (7.53%) from MYR400M to MYR431M, while imports decreased by MYR-14.7M (-1.7%) from MYR863M to MYR848M.

Destinations In November 2024, Low-voltage Protection Equipment were exported mostly to Singapore (MYR119M), United States (MYR57.1M), Japan (MYR47.8M), Hong Kong (MYR44.1M), and China (MYR36.1M), and were imported mostly from China (MYR260M), Singapore (MYR185M), United States (MYR83.9M), Japan (MYR63.8M), and South Korea (MYR40.3M).

Growth In November 2024, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Japan (MYR8.62M or 11.7%), France (MYR3.49M or 30.3%), and Thailand (MYR3.14M or 15.7%). In November 2024, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from China (MYR-52.3M or -17.1%), Chinese Taipei (MYR-27.5M or -59.2%), and Hong Kong (MYR-10.1M or -35.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR30.1M(7.53%)
IMPORT GROWTH (November 2023 - November 2024)MYR-14.7M(-1.7%)
MAIN DESTINATION (November 2024)SingaporeMYR119M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.67B
IMPORTS (2023)$1.87B
NET TRADE (2023)-$195M

In 2023, Malaysia exported $1.67B in Low-voltage Protection Equipment. The main destinations of Malaysia exports on Low-voltage Protection Equipment were Singapore ($348M), China ($227M), United States ($212M), Japan ($171M), and Mexico ($85.7M).

In 2023, Malaysia imported $1.87B in Low-voltage Protection Equipment, mainly from China ($514M), Singapore ($424M), United States ($215M), Japan ($160M), and Thailand ($92.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$58M (37.8%)
France$27.9M (62.7%)
China$22.6M (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Malaysia WERE (2022 - 2023):
Germany-$55.6M (-40.4%)
Hong Kong-$52M (-41.4%)
Japan-$45.4M (-21%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Low-voltage Protection Equipment were:
China $24.8B
Germany $15.5B
United States $9.69B
In 2023, Malaysia's main importing competitors in Low-voltage Protection Equipment were:
United States $13.5B
Germany $9.42B
China $8.39B

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $101M
TOP IMPORT POTENTIALChina+ $165M

Low-voltage Protection Equipment’s highest export potential is China. With an export gap of $101M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $165M.

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