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2022
Exports $71.7MWorld Rnk 19 / 123
Flag Rnk 321 / 1198
2022
Destination $7.01MN/A
2021 - 2022
FASTEST GROWING MARKET $7.01MJapan
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $152MWorld Rnk 18 / 197
Flag Rnk 280 / 1203
2022
Origin $8.26M Japan
2021 - 2022
FASTEST GROWING ORIGIN $8.26MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

The fastest growing export markets for Petroleum Resins of Malaysia between 2021 and 2022 were Japan ($7.01M), Thailand ($640k), and Vietnam ($455k).

Imports In 2022, Malaysia imported $152M in Petroleum Resins, becoming the 18th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 280th most imported product in Malaysia. Malaysia imports Petroleum Resins primarily from: Japan ($51.7M), China ($38.8M), United States ($24.4M), Singapore ($9.44M), and South Korea ($9.09M).

The fastest growing import markets in Petroleum Resins for Malaysia between 2021 and 2022 were United States ($8.26M), Japan ($3.95M), and South Korea ($1.45M).

Latest Trends

July 2024

About

Overview In July 2024 Malaysia's Petroleum Resins exports accounted up to MYR21M and imports accounted up to MYR40.1M, resulting in a negative trade balance of MYR19M. Between July 2023 and July 2024 the exports of Malaysia's   Petroleum Resins have decreased by MYR-5.74M (-21.5%) from MYR26.8M to MYR21M, while imports decreased by MYR-2.95M (-6.85%) from MYR43M to MYR40.1M.

Destinations In July 2024, Petroleum Resins were exported mostly to Thailand (MYR5.63M), China (MYR2.94M), India (MYR2.93M), Japan (MYR2.2M), and South Korea (MYR1.47M), and were imported mostly from China (MYR19M), Japan (MYR6.59M), Singapore (MYR4.07M), Chinese Taipei (MYR2.86M), and United States (MYR2.14M).

Growth In July 2024, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to Japan (MYR-3.7M or -49.8%), Hong Kong (MYR-767k or -71.9%), and Singapore (MYR-485k or -61.2%). In July 2024, the decrease in Petroleum Resins's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-2.18M or -39.1%), Singapore (MYR-1.88M or -41.8%), and United Kingdom (MYR-1.48M or -91.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)MYR-5.74M(-21.5%)
IMPORT GROWTH (July 2023 - July 2024)MYR-2.95M(-6.85%)
MAIN DESTINATION (July 2024)ThailandMYR5.63M

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.7M
IMPORTS (2022)$152M
NET TRADE (2022)-$80.1M

In 2022, Malaysia imported $152M in Petroleum Resins, mainly from Japan ($51.7M), China ($38.8M), United States ($24.4M), Singapore ($9.44M), and South Korea ($9.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$7.01M (37.3%)
Thailand$640k (7.33%)
Vietnam$455k (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Malaysia WERE (2021 - 2022):
China-$2.56M (-18.9%)
Indonesia-$980k (-21.1%)
Hong Kong-$725k (-33.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Malaysia's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.8M
TOP IMPORT POTENTIALChina+ $6.53M

Petroleum Resins’s highest export potential is China. With an export gap of $6.8M.   Petroleum Resins’s highest import potential is China with an import gap of $6.53M.

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