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2022
Exports $32.4MWorld Rnk 13 / 166
Flag Rnk 434 / 1198
2022
Destination $2.06M Japan
2021 - 2022
FASTEST GROWING MARKET $2.06MMexico
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $16.9MWorld Rnk 22 / 204
Flag Rnk 746 / 1203
2022
Origin $3.03M China
2021 - 2022
FASTEST GROWING ORIGIN $3.03MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $32.4M in Musical Instrument Parts, making it the 13th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 434th most exported product in Malaysia. The main destination of Musical Instrument Parts exports from Malaysia are: Japan ($6.07M), Belgium ($4.68M), United States ($4.58M), India ($2.98M), and Mexico ($2.08M).

The fastest growing export markets for Musical Instrument Parts of Malaysia between 2021 and 2022 were Mexico ($2.06M), Belgium ($1.53M), and India ($1.28M).

Imports In 2022, Malaysia imported $16.9M in Musical Instrument Parts, becoming the 22nd largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 746th most imported product in Malaysia. Malaysia imports Musical Instrument Parts primarily from: China ($9.47M), Indonesia ($1.79M), Chinese Taipei ($1.73M), United States ($865k), and Singapore ($837k).

The fastest growing import markets in Musical Instrument Parts for Malaysia between 2021 and 2022 were China ($3.03M), United Arab Emirates ($561k), and Singapore ($168k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Musical Instrument Parts exports accounted up to MYR8.84M and imports accounted up to MYR5.01M, resulting in a positive trade balance of MYR3.83M. Between September 2023 and September 2024 the exports of Malaysia's   Musical Instrument Parts have increased by MYR351k (4.13%) from MYR8.49M to MYR8.84M, while imports increased by MYR638k (14.6%) from MYR4.37M to MYR5.01M.

Destinations In September 2024, Musical Instrument Parts were exported mostly to Belgium (MYR3.63M), United States (MYR1.95M), Japan (MYR1.16M), Australia (MYR350k), and Canada (MYR299k), and were imported mostly from China (MYR2.88M), Indonesia (MYR569k), United States (MYR509k), Chinese Taipei (MYR470k), and Japan (MYR310k).

Growth In September 2024, the increase in Musical Instrument Parts's year-by-year exports was explained primarily by an increase in exports to United States (MYR435k or 69.3%), South Korea (MYR118k or 716%), and Chinese Taipei (MYR96.5k or 93.4%). In September 2024, the increase in Musical Instrument Parts's year-by-year imports was explained primarily by an increase in imports from Japan (MYR163k or 61.4%), Chinese Taipei (MYR154k or 110%), and Germany (MYR18.7k or 334%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR351k(4.13%)
IMPORT GROWTH (September 2023 - September 2024)MYR638k(14.6%)
MAIN DESTINATION (September 2024)BelgiumMYR3.63M

This section shows Musical Instrument 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 Musical Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.4M
IMPORTS (2022)$16.9M
NET TRADE (2022)$15.5M

In 2022, Malaysia exported $32.4M in Musical Instrument Parts. The main destinations of Malaysia exports on Musical Instrument Parts were Japan ($6.07M), Belgium ($4.68M), United States ($4.58M), India ($2.98M), and Mexico ($2.08M).

In 2022, Malaysia imported $16.9M in Musical Instrument Parts, mainly from China ($9.47M), Indonesia ($1.79M), Chinese Taipei ($1.73M), United States ($865k), and Singapore ($837k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Mexico$2.06M (9.91k%)
Belgium$1.53M (48.5%)
India$1.28M (75.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Malaysia WERE (2021 - 2022):
United States-$3.57M (-43.8%)
China-$2.68M (-68.6%)
Austria-$2.07M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, Malaysia's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.65M
TOP IMPORT POTENTIALIndonesia+ $962k

Musical Instrument Parts’s highest export potential is United States. With an export gap of $1.65M.   Musical Instrument Parts’s highest import potential is Indonesia with an import gap of $962k.

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