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2023
Exports $707MWorld Rnk 9 / 199
Flag Rnk 71 / 1208
2023
Destination $31.7M Japan
2022 - 2023
FASTEST GROWING MARKET $31.7MUnited States
2023
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 167 / 1025
2023
Imports $165MWorld Rnk 29 / 223
Flag Rnk 241 / 1211
2023
Origin $22M China
2022 - 2023
FASTEST GROWING ORIGIN $22MUnited States
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $707M in Navigation Equipment, making it the 9th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 71st most exported product in Malaysia. The main destination of Navigation Equipment exports from Malaysia are: Japan ($375M), United States ($222M), United Kingdom ($19M), Brazil ($13M), and Germany ($11.8M).

The fastest growing export markets for Navigation Equipment of Malaysia between 2022 and 2023 were United States ($31.7M), Japan ($20.5M), and United Kingdom ($12.5M).

Imports In 2023, Malaysia imported $165M in Navigation Equipment, becoming the 29th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 241st most imported product in Malaysia. Malaysia imports Navigation Equipment primarily from: China ($73.2M), United States ($27.8M), Japan ($13.3M), Germany ($10M), and Singapore ($7.32M).

The fastest growing import markets in Navigation Equipment for Malaysia between 2022 and 2023 were United States ($22M), China ($17.9M), and Italy ($3.54M).

COMPANIES In 2023, leading companies such as Motorola (19) and Panasonic (1) were at the forefront of shipping Navigation Equipment from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Navigation Equipment exports accounted up to MYR58.6M and imports accounted up to MYR55.6M, resulting in a positive trade balance of MYR3.05M. Between November 2023 and November 2024 the exports of Malaysia's   Navigation Equipment have increased by MYR2.61M (4.66%) from MYR56M to MYR58.6M, while imports decreased by MYR-13.5M (-19.6%) from MYR69.1M to MYR55.6M.

Destinations In November 2024, Navigation Equipment were exported mostly to United States (MYR35.6M), Netherlands (MYR4.61M), Hong Kong (MYR4.25M), Singapore (MYR2.92M), and Brazil (MYR2.69M), and were imported mostly from China (MYR30.2M), Japan (MYR9.74M), United States (MYR4.21M), South Africa (MYR3.15M), and Germany (MYR2.04M).

Growth In November 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to United States (MYR10.3M or 71.9%), Netherlands (MYR3.43M or 132%), and South Korea (MYR2.03M or 10.5k%). In November 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Germany (MYR-13.3M or -95.7%), Japan (MYR-1.15M or -27.5%), and Chinese Taipei (MYR-895k or -65.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.61M(4.66%)
IMPORT GROWTH (November 2023 - November 2024)MYR-13.5M(-19.6%)
MAIN DESTINATION (November 2024)United StatesMYR35.6M

This section shows Navigation 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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$707M
IMPORTS (2023)$165M
NET TRADE (2023)$542M

In 2023, Malaysia exported $707M in Navigation Equipment. The main destinations of Malaysia exports on Navigation Equipment were Japan ($375M), United States ($222M), United Kingdom ($19M), Brazil ($13M), and Germany ($11.8M).

In 2023, Malaysia imported $165M in Navigation Equipment, mainly from China ($73.2M), United States ($27.8M), Japan ($13.3M), Germany ($10M), and Singapore ($7.32M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$31.7M (16.7%)
Japan$20.5M (5.79%)
United Kingdom$12.5M (190%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Malaysia WERE (2022 - 2023):
India-$6.48M (-90.5%)
France-$5.29M (-47.4%)
Italy-$2.24M (-46.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Navigation Equipment were:
China $3.35B
United States $3.12B
Germany $1.92B
In 2023, Malaysia's main importing competitors in Navigation Equipment were:
United States $4.43B
Germany $2.3B
China $1.81B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.64M
TOP IMPORT POTENTIALChina+ $11.2M

Navigation Equipment’s highest export potential is China. With an export gap of $9.64M.   Navigation Equipment’s highest import potential is China with an import gap of $11.2M.

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