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2022
Exports $2.64MWorld Rnk 32 / 158
Flag Rnk 832 / 1198
2022
Destination $271k Singapore
2021 - 2022
FASTEST GROWING MARKET $271kChile
2022
PRODUCT COMPLEXITY IN Pastes and Waxes1Rnk 171 / 1025
2022
Imports $9.53MWorld Rnk 35 / 209
Flag Rnk 832 / 1203
2022
Origin $2.94M China
2021 - 2022
FASTEST GROWING ORIGIN $2.94MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.64M in Pastes and Waxes, making it the 32nd largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 832nd most exported product in Malaysia. The main destination of Pastes and Waxes exports from Malaysia are: Singapore ($908k), Chile ($489k), Canada ($272k), Philippines ($151k), and Ecuador ($148k).

The fastest growing export markets for Pastes and Waxes of Malaysia between 2021 and 2022 were Chile ($271k), Canada ($257k), and Philippines ($125k).

Imports In 2022, Malaysia imported $9.53M in Pastes and Waxes, becoming the 35th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 832nd most imported product in Malaysia. Malaysia imports Pastes and Waxes primarily from: China ($7.75M), Germany ($432k), Italy ($351k), United Kingdom ($260k), and Thailand ($165k).

The fastest growing import markets in Pastes and Waxes for Malaysia between 2021 and 2022 were China ($2.94M), Germany ($176k), and United Kingdom ($130k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Pastes and Waxes exports accounted up to MYR225k and imports accounted up to MYR855k, resulting in a negative trade balance of MYR630k. Between June 2023 and June 2024 the exports of Malaysia's   Pastes and Waxes have decreased by MYR-914k (-80.2%) from MYR1.14M to MYR225k, while imports decreased by MYR-104k (-10.8%) from MYR959k to MYR855k.

Destinations In June 2024, Pastes and Waxes were exported mostly to Singapore (MYR179k), China (MYR22.9k), Denmark (MYR7.34k), Hong Kong (MYR6.77k), and New Zealand (MYR4.12k), and were imported mostly from Germany (MYR277k), United Kingdom (MYR198k), China (MYR139k), Thailand (MYR77.6k), and Vietnam (MYR42.3k).

Growth In June 2024, the decrease in Pastes and Waxes's year-by-year exports was explained primarily by a decrease in exports to Chile (MYR-143k or -61.6%), Singapore (MYR-83.7k or -30.5%), and Hong Kong (MYR-15.3k or -98.9%). In June 2024, the decrease in Pastes and Waxes's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-429k or -97.2%), Singapore (MYR-36.4k or -94.6%), and Italy (MYR-36.4k or -87.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-914k(-80.2%)
IMPORT GROWTH (June 2023 - June 2024)MYR-104k(-10.8%)
MAIN DESTINATION (June 2024)SingaporeMYR179k

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.64M
IMPORTS (2022)$9.53M
NET TRADE (2022)-$6.89M

In 2022, Malaysia exported $2.64M in Pastes and Waxes. The main destinations of Malaysia exports on Pastes and Waxes were Singapore ($908k), Chile ($489k), Canada ($272k), Philippines ($151k), and Ecuador ($148k).

In 2022, Malaysia imported $9.53M in Pastes and Waxes, mainly from China ($7.75M), Germany ($432k), Italy ($351k), United Kingdom ($260k), and Thailand ($165k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chile$271k (124%)
Canada$257k (1.68k%)
Philippines$125k (471%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Malaysia WERE (2021 - 2022):
United Kingdom-$90.6k (-90.4%)
Sri Lanka-$81.1k (-57.3%)
Singapore-$30.9k (-3.29%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Pastes and Waxes were:
China $529M
Germany $254M
Italy $125M
In 2022, Malaysia's main importing competitors in Pastes and Waxes were:
United States $285M
Germany $91.8M
Netherlands $49.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $171k
TOP IMPORT POTENTIALChina+ $372k

Pastes and Waxes’s highest export potential is United States. With an export gap of $171k.   Pastes and Waxes’s highest import potential is China with an import gap of $372k.

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