2023
Exports
$9.95MWorld Rnk 34 / 164
Flag Rnk 622 / 1208
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$19.1MWorld Rnk 24 / 184
Flag Rnk 680 / 1211
2023
ECONOMIC COMPLEXITY of Malaysia
1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $9.95M in Precious Stones, making it the 34th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 622nd most exported product in Malaysia. The main destination of Precious Stones exports from Malaysia are: Hong Kong ($4.92M), Thailand ($1.79M), Switzerland ($957k), France ($920k), and United Kingdom ($914k).

The fastest growing export markets for Precious Stones of Malaysia between 2022 and 2023 were Hong Kong ($2.37M), Switzerland ($948k), and France ($918k).

Imports In 2023, Malaysia imported $19.1M in Precious Stones, becoming the 24th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 680th most imported product in Malaysia. Malaysia imports Precious Stones primarily from: Hong Kong ($6.08M), Thailand ($5M), India ($2.71M), United Arab Emirates ($1.97M), and Brazil ($893k).

The fastest growing import markets in Precious Stones for Malaysia between 2022 and 2023 were India ($2.32M), United Arab Emirates ($1.97M), and Hong Kong ($728k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR1.34M(74.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR14.8M(194%)
MAIN DESTINATION (November 2024)ThailandMYR2.14M

This section shows Precious Stones'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 Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.95M
IMPORTS (2023)$19.1M
NET TRADE (2023)-$9.18M

In 2023, Malaysia exported $9.95M in Precious Stones. The main destinations of Malaysia exports on Precious Stones were Hong Kong ($4.92M), Thailand ($1.79M), Switzerland ($957k), France ($920k), and United Kingdom ($914k).

In 2023, Malaysia imported $19.1M in Precious Stones, mainly from Hong Kong ($6.08M), Thailand ($5M), India ($2.71M), United Arab Emirates ($1.97M), and Brazil ($893k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$2.37M (92.7%)
Switzerland$948k (11.3k%)
France$918k (64.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Malaysia WERE (2022 - 2023):
Sri Lanka-$1.68M (-99.9%)
Singapore-$152k (-76.6%)
United States-$116k (-42.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Precious Stones were:
In 2023, Malaysia's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.1M
TOP IMPORT POTENTIALThailand+ $3.36M

Precious Stones’s highest export potential is Thailand. With an export gap of $1.1M.   Precious Stones’s highest import potential is Thailand with an import gap of $3.36M.

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