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2022
Exports $220MWorld Rnk 21 / 199
Flag Rnk 171 / 1198
2022
Destination $21.9M Singapore
2021 - 2022
FASTEST GROWING MARKET $21.9MSingapore
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.64Rnk 34 / 1025
2022
Imports $260MWorld Rnk 22 / 220
Flag Rnk 184 / 1203
2022
Origin $25.7M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $25.7MSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $220M in Metalworking Machine Parts, making it the 21st largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 171st most exported product in Malaysia. The main destination of Metalworking Machine Parts exports from Malaysia are: Singapore ($97.3M), China ($26.9M), United States ($14.8M), Philippines ($14.6M), and Thailand ($10.8M).

The fastest growing export markets for Metalworking Machine Parts of Malaysia between 2021 and 2022 were Singapore ($21.9M), Bangladesh ($1.41M), and Netherlands ($994k).

Imports In 2022, Malaysia imported $260M in Metalworking Machine Parts, becoming the 22nd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 184th most imported product in Malaysia. Malaysia imports Metalworking Machine Parts primarily from: Singapore ($69.1M), China ($51.1M), South Korea ($33.6M), Japan ($30.7M), and United States ($19.6M).

The fastest growing import markets in Metalworking Machine Parts for Malaysia between 2021 and 2022 were South Korea ($25.7M), Singapore ($14.9M), and China ($7.1M).

COMPANIES In 2023, leading companies such as Haas Automation (7) and Marelli Automotive Lighting (1) were at the forefront of shipping Metalworking Machine Parts from Malaysia to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Metalworking Machine Parts exports accounted up to MYR85.4M and imports accounted up to MYR80.8M, resulting in a positive trade balance of MYR4.54M. Between October 2023 and October 2024 the exports of Malaysia's   Metalworking Machine Parts have increased by MYR7.81k (0.0091%) from MYR85.4M to MYR85.4M, while imports decreased by MYR-22.8M (-22%) from MYR104M to MYR80.8M.

Destinations In October 2024, Metalworking Machine Parts were exported mostly to Singapore (MYR27M), China (MYR12.1M), United States (MYR12M), Chinese Taipei (MYR6.67M), and Thailand (MYR4.68M), and were imported mostly from Singapore (MYR21.4M), Chinese Taipei (MYR11.4M), China (MYR10.6M), Japan (MYR10.3M), and United States (MYR6.98M).

Growth In October 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Japan (MYR5.53M or 249%), Switzerland (MYR908k or 360%), and Finland (MYR895k or 8.99k%). In October 2024, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from India (MYR-28.2M or -95.2%), South Korea (MYR-13.3M or -92.4%), and Japan (MYR-6.57M or -40.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR7.81k(0.0091%)
IMPORT GROWTH (October 2023 - October 2024)MYR-22.8M(-22%)
MAIN DESTINATION (October 2024)SingaporeMYR27M

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$220M
IMPORTS (2022)$260M
NET TRADE (2022)-$40.7M

In 2022, Malaysia exported $220M in Metalworking Machine Parts. The main destinations of Malaysia exports on Metalworking Machine Parts were Singapore ($97.3M), China ($26.9M), United States ($14.8M), Philippines ($14.6M), and Thailand ($10.8M).

In 2022, Malaysia imported $260M in Metalworking Machine Parts, mainly from Singapore ($69.1M), China ($51.1M), South Korea ($33.6M), Japan ($30.7M), and United States ($19.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$21.9M (29%)
Bangladesh$1.41M (2.46k%)
Netherlands$994k (25.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Malaysia WERE (2021 - 2022):
China-$13.2M (-32.9%)
South Korea-$9.02M (-84.7%)
Morocco-$3.04M (-74.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Metalworking Machine Parts were:
Germany $3.59B
China $2.15B
United States $2.04B
In 2022, Malaysia's main importing competitors in Metalworking Machine Parts were:
United States $2.91B
Germany $2.12B
China $1.94B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.4M
TOP IMPORT POTENTIALChina+ $12.2M

Metalworking Machine Parts’s highest export potential is China. With an export gap of $13.4M.   Metalworking Machine Parts’s highest import potential is China with an import gap of $12.2M.

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