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2022
Exports $11.1MWorld Rnk 57 / 192
Flag Rnk 616 / 1198
2022
Destination $610k Indonesia
2021 - 2022
FASTEST GROWING MARKET $610kChina
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $88MWorld Rnk 17 / 223
Flag Rnk 388 / 1203
2022
Origin $1.25M China
2021 - 2022
FASTEST GROWING ORIGIN $1.25MVietnam
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $11.1M in Packing Bags, making it the 57th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 616th most exported product in Malaysia. The main destination of Packing Bags exports from Malaysia are: Indonesia ($3.25M), Singapore ($2.47M), Thailand ($1.7M), Vietnam ($790k), and China ($631k).

The fastest growing export markets for Packing Bags of Malaysia between 2021 and 2022 were China ($610k), Vietnam ($299k), and Germany ($135k).

Imports In 2022, Malaysia imported $88M in Packing Bags, becoming the 17th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 388th most imported product in Malaysia. Malaysia imports Packing Bags primarily from: China ($53.1M), Vietnam ($17.3M), Indonesia ($4.38M), Thailand ($3.83M), and India ($2.99M).

The fastest growing import markets in Packing Bags for Malaysia between 2021 and 2022 were Vietnam ($1.25M), Australia ($814k), and Japan ($663k).

COMPANIES In 2023, leading companies such as Motorola (4) and Arhaus (1) were at the forefront of shipping Packing Bags from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Packing Bags exports accounted up to MYR3.01M and imports accounted up to MYR25.3M, resulting in a negative trade balance of MYR22.3M. Between September 2023 and September 2024 the exports of Malaysia's   Packing Bags have increased by MYR920k (44.1%) from MYR2.09M to MYR3.01M, while imports increased by MYR5.64M (28.6%) from MYR19.7M to MYR25.3M.

Destinations In September 2024, Packing Bags were exported mostly to Singapore (MYR1.44M), Indonesia (MYR695k), China (MYR180k), Netherlands (MYR134k), and France (MYR122k), and were imported mostly from China (MYR13.6M), Vietnam (MYR5.45M), Thailand (MYR2.43M), Indonesia (MYR1.43M), and India (MYR624k).

Growth In September 2024, the increase in Packing Bags's year-by-year exports was explained primarily by an increase in exports to China (MYR1.07M or 2.56k%), Brunei (MYR88.7k or 945%), and South Korea (MYR4.57k or 362%). In September 2024, the increase in Packing Bags's year-by-year imports was explained primarily by an increase in imports from United States (MYR247k or 229%), Japan (MYR121k or 123%), and Singapore (MYR23k or 404%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR920k(44.1%)
IMPORT GROWTH (September 2023 - September 2024)MYR5.64M(28.6%)
MAIN DESTINATION (September 2024)SingaporeMYR1.44M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.1M
IMPORTS (2022)$88M
NET TRADE (2022)-$76.9M

In 2022, Malaysia exported $11.1M in Packing Bags. The main destinations of Malaysia exports on Packing Bags were Indonesia ($3.25M), Singapore ($2.47M), Thailand ($1.7M), Vietnam ($790k), and China ($631k).

In 2022, Malaysia imported $88M in Packing Bags, mainly from China ($53.1M), Vietnam ($17.3M), Indonesia ($4.38M), Thailand ($3.83M), and India ($2.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$610k (2.84k%)
Vietnam$299k (60.9%)
Germany$135k (294%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Malaysia WERE (2021 - 2022):
Indonesia-$592k (-15.4%)
United States-$586k (-81%)
Singapore-$490k (-16.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, Malaysia's main importing competitors in Packing Bags were:
United States $894M
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $620k
TOP IMPORT POTENTIALIndia+ $4.45M

Packing Bags’s highest export potential is Thailand. With an export gap of $620k.   Packing Bags’s highest import potential is India with an import gap of $4.45M.

See methodology.

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