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2023
Exports $89.3BWorld Rnk 12 / 224
Flag Rnk 2 / 21
2023
Destination $7.57B China
2022 - 2023
FASTEST GROWING MARKET $7.57BChina
2023
PRODUCT COMPLEXITY IN Mineral Products0.38Rnk 423 / 1025
2023
Imports $57.1BWorld Rnk 15 / 226
Flag Rnk 2 / 21
2023
Origin $1.35B Singapore
2022 - 2023
FASTEST GROWING ORIGIN $1.35BSaudi Arabia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $89.3B in Mineral Products, making it the 12th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 2nd most exported product in Malaysia. The main destination of Mineral Products exports from Malaysia are: China ($32.1B), Singapore ($10.5B), Australia ($8.05B), Japan ($7.32B), and Indonesia ($5B).

The fastest growing export markets for Mineral Products of Malaysia between 2022 and 2023 were China ($7.57B), Australia ($1.72B), and New Zealand ($609M).

Imports In 2023, Malaysia imported $57.1B in Mineral Products, becoming the 15th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 2nd most imported product in Malaysia. Malaysia imports Mineral Products primarily from: Singapore ($9.32B), Saudi Arabia ($8.73B), Indonesia ($5.23B), China ($4.7B), and United Arab Emirates ($4.21B).

The fastest growing import markets in Mineral Products for Malaysia between 2022 and 2023 were Saudi Arabia ($1.35B), United Arab Emirates ($713M), and United States ($711M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (16), Coaster Fine Furniture (7), and Panasonic (7) were at the forefront of shipping Mineral Products from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Mineral Products exports accounted up to MYR17B and imports accounted up to MYR17B, resulting in a negative trade balance of MYR58.8M. Between November 2023 and November 2024 the exports of Malaysia's   Mineral Products have decreased by MYR-6.42B (-27.4%) from MYR23.4B to MYR17B, while imports decreased by MYR-4.08B (-19.3%) from MYR21.1B to MYR17B.

Destinations In November 2024, Mineral Products were exported mostly to Japan (MYR2.43B), Singapore (MYR2.38B), Australia (MYR2.08B), Indonesia (MYR1.92B), and South Korea (MYR1.87B), and were imported mostly from Singapore (MYR2.76B), Saudi Arabia (MYR2.65B), Australia (MYR1.4B), Indonesia (MYR1.3B), and India (MYR1.22B).

Growth In November 2024, the decrease in Mineral Products's year-by-year exports was explained primarily by a decrease in exports to India (MYR-119M or -27.7%), China (MYR-96.2M or -3.22%), and Sri Lanka (MYR-94.2M or -83.3%). In November 2024, the decrease in Mineral Products's year-by-year imports was explained primarily by a decrease in imports from India (MYR-813M or -93.4%), Republic of the Congo (MYR-414M or -93.8%), and South Korea (MYR-353M or -34.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-6.42B(-27.4%)
IMPORT GROWTH (November 2023 - November 2024)MYR-4.08B(-19.3%)
MAIN DESTINATION (November 2024)JapanMYR2.43B

This section shows Mineral Products'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 Mineral Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$89.3B
IMPORTS (2023)$57.1B
NET TRADE (2023)$32.2B

In 2023, Malaysia exported $89.3B in Mineral Products. The main destinations of Malaysia exports on Mineral Products were China ($32.1B), Singapore ($10.5B), Australia ($8.05B), Japan ($7.32B), and Indonesia ($5B).

In 2023, Malaysia imported $57.1B in Mineral Products, mainly from Singapore ($9.32B), Saudi Arabia ($8.73B), Indonesia ($5.23B), China ($4.7B), and United Arab Emirates ($4.21B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$7.57B (30.8%)
Australia$1.72B (27.1%)
New Zealand$609M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Malaysia WERE (2022 - 2023):
Singapore-$5.32B (-33.6%)
Japan-$3.63B (-33.1%)
Bangladesh-$1.46B (-50.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Mineral Products were:
United States $361B
Russia $248B
Australia $240B
In 2023, Malaysia's main importing competitors in Mineral Products were:
China $719B
United States $276B
India $233B

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.54B
TOP IMPORT POTENTIALIndonesia+ $1.24B

Mineral Products’s highest export potential is China. With an export gap of $4.54B.   Mineral Products’s highest import potential is Indonesia with an import gap of $1.24B.

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