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2023
Exports $25.6MWorld Rnk 28 / 180
Flag Rnk 461 / 1208
2023
Destination $2.42M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $2.42MSwitzerland
2023
PRODUCT COMPLEXITY IN Precious Metal Watches0.62Rnk 321 / 1025
2023
Imports $215MWorld Rnk 17 / 210
Flag Rnk 200 / 1211
2023
Origin $94.5M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $94.5MSwitzerland
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $25.6M in Precious Metal Watches, making it the 28th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 461st most exported product in Malaysia. The main destination of Precious Metal Watches exports from Malaysia are: Hong Kong ($10.7M), United States ($4.73M), Switzerland ($3.63M), Singapore ($2.96M), and Brunei ($1.01M).

The fastest growing export markets for Precious Metal Watches of Malaysia between 2022 and 2023 were Switzerland ($2.42M), Philippines ($264k), and Canada ($164k).

Imports In 2023, Malaysia imported $215M in Precious Metal Watches, becoming the 17th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 200th most imported product in Malaysia. Malaysia imports Precious Metal Watches primarily from: Switzerland ($127M), Singapore ($65.1M), China ($10.3M), Thailand ($4.96M), and Japan ($1.53M).

The fastest growing import markets in Precious Metal Watches for Malaysia between 2022 and 2023 were Switzerland ($94.5M), Singapore ($7.46M), and France ($812k).

COMPANIES In 2023, leading companies such as Motorola (18) were at the forefront of shipping Precious Metal Watches from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Precious Metal Watches exports accounted up to MYR26.4M and imports accounted up to MYR87.4M, resulting in a negative trade balance of MYR61M. Between November 2023 and November 2024 the exports of Malaysia's   Precious Metal Watches have increased by MYR5.86M (28.6%) from MYR20.5M to MYR26.4M, while imports decreased by MYR-26.7M (-23.4%) from MYR114M to MYR87.4M.

Destinations In November 2024, Precious Metal Watches were exported mostly to Singapore (MYR17.9M), Switzerland (MYR4.69M), Hong Kong (MYR1.82M), Australia (MYR1.55M), and Brunei (MYR130k), and were imported mostly from Switzerland (MYR55.8M), Singapore (MYR26M), China (MYR2.5M), Thailand (MYR1.12M), and Hong Kong (MYR598k).

Growth In November 2024, the increase in Precious Metal Watches's year-by-year exports was explained primarily by an increase in exports to United Kingdom (MYR49.1k or 116%), Brunei (MYR30.1k or 11.9%), and Australia (MYR3.15k or 9.38%). In November 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-14.7M or -46.7%), Hong Kong (MYR-3.32M or -75.5%), and France (MYR-446k or -97.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR5.86M(28.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR-26.7M(-23.4%)
MAIN DESTINATION (November 2024)SingaporeMYR17.9M

This section shows Precious Metal Watches'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 Precious Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$25.6M
IMPORTS (2023)$215M
NET TRADE (2023)-$189M

In 2023, Malaysia exported $25.6M in Precious Metal Watches. The main destinations of Malaysia exports on Precious Metal Watches were Hong Kong ($10.7M), United States ($4.73M), Switzerland ($3.63M), Singapore ($2.96M), and Brunei ($1.01M).

In 2023, Malaysia imported $215M in Precious Metal Watches, mainly from Switzerland ($127M), Singapore ($65.1M), China ($10.3M), Thailand ($4.96M), and Japan ($1.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Switzerland$2.42M (199%)
Philippines$264k (203%)
Canada$164k (534%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Malaysia WERE (2022 - 2023):
Hong Kong-$11.5M (-51.8%)
United States-$4.83M (-50.5%)
Singapore-$637k (-17.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Precious Metal Watches were:
Switzerland $12.4B
France $826M
Singapore $636M
In 2023, Malaysia's main importing competitors in Precious Metal Watches were:
Hong Kong $2.61B
United States $1.89B
Switzerland $1.53B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $3.54M
TOP IMPORT POTENTIALSwitzerland+ $1.77M

Precious Metal Watches’s highest export potential is Singapore. With an export gap of $3.54M.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $1.77M.

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