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2022
Exports $27.2MWorld Rnk 69 / 221
Flag Rnk 472 / 1198
2022
Destination $4.11M Singapore
2021 - 2022
FASTEST GROWING MARKET $4.11MSpain
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.17Rnk 874 / 1025
2022
Imports $452MWorld Rnk 23 / 225
Flag Rnk 121 / 1203
2022
Origin $70.2M China
2021 - 2022
FASTEST GROWING ORIGIN $70.2MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $27.2M in Non-Knit Men's Suits, making it the 69th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 472nd most exported product in Malaysia. The main destination of Non-Knit Men's Suits exports from Malaysia are: Singapore ($6.97M), Spain ($5.95M), India ($1.89M), Hong Kong ($1.76M), and Philippines ($1.55M).

The fastest growing export markets for Non-Knit Men's Suits of Malaysia between 2021 and 2022 were Spain ($4.11M), India ($1.4M), and United Arab Emirates ($1.16M).

Imports In 2022, Malaysia imported $452M in Non-Knit Men's Suits, becoming the 23rd largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 121st most imported product in Malaysia. Malaysia imports Non-Knit Men's Suits primarily from: China ($338M), Bangladesh ($21.2M), Vietnam ($19M), Pakistan ($14.7M), and India ($9.42M).

The fastest growing import markets in Non-Knit Men's Suits for Malaysia between 2021 and 2022 were China ($70.2M), Bangladesh ($12.7M), and Vietnam ($11.4M).

COMPANIES In 2023, leading companies such as H&M Clothing (2) were at the forefront of shipping Non-Knit Men's Suits from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Non-Knit Men's Suits exports accounted up to MYR16.6M and imports accounted up to MYR62.5M, resulting in a negative trade balance of MYR45.9M. Between August 2023 and August 2024 the exports of Malaysia's   Non-Knit Men's Suits have increased by MYR7.02M (73.5%) from MYR9.56M to MYR16.6M, while imports increased by MYR10.7M (20.8%) from MYR51.8M to MYR62.5M.

Destinations In August 2024, Non-Knit Men's Suits were exported mostly to Philippines (MYR4.79M), Singapore (MYR4.29M), Japan (MYR1.81M), Netherlands (MYR1.25M), and Hong Kong (MYR839k), and were imported mostly from China (MYR17.4M), Bangladesh (MYR10.3M), Vietnam (MYR8.51M), Japan (MYR4.08M), and Indonesia (MYR3.85M).

Growth In August 2024, the increase in Non-Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR1.62M or 47.8%), Hong Kong (MYR1.15M or 192%), and Germany (MYR684k or 1.74k%). In August 2024, the increase in Non-Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from Bangladesh (MYR4.65M or 70.2%), India (MYR1.36M or 63.8%), and Hong Kong (MYR1.26M or 101%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR7.02M(73.5%)
IMPORT GROWTH (August 2023 - August 2024)MYR10.7M(20.8%)
MAIN DESTINATION (August 2024)PhilippinesMYR4.79M

This section shows Non-Knit Men's Suits'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 Non-Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2M
IMPORTS (2022)$452M
NET TRADE (2022)-$425M

In 2022, Malaysia exported $27.2M in Non-Knit Men's Suits. The main destinations of Malaysia exports on Non-Knit Men's Suits were Singapore ($6.97M), Spain ($5.95M), India ($1.89M), Hong Kong ($1.76M), and Philippines ($1.55M).

In 2022, Malaysia imported $452M in Non-Knit Men's Suits, mainly from China ($338M), Bangladesh ($21.2M), Vietnam ($19M), Pakistan ($14.7M), and India ($9.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Spain$4.11M (222%)
India$1.4M (285%)
United Arab Emirates$1.16M (529%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Malaysia WERE (2021 - 2022):
United States-$3.34M (-90.3%)
France-$763k (-83.5%)
Singapore-$447k (-6.03%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Non-Knit Men's Suits were:
China $10.7B
Bangladesh $8.82B
Vietnam $3.63B
In 2022, Malaysia's main importing competitors in Non-Knit Men's Suits were:
United States $10.8B
Germany $5.92B
France $2.37B

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $1.43M
TOP IMPORT POTENTIALBangladesh+ $26M

Non-Knit Men's Suits’s highest export potential is Spain. With an export gap of $1.43M.   Non-Knit Men's Suits’s highest import potential is Bangladesh with an import gap of $26M.

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