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2022
Exports $83.2MWorld Rnk 28 / 167
Flag Rnk 302 / 1198
2022
Destination $22.6M United States
2021 - 2022
FASTEST GROWING MARKET $22.6MUnited States
2022
PRODUCT COMPLEXITY IN Recreational Boats0.3Rnk 445 / 1025
2022
Imports $32.2MWorld Rnk 51 / 217
Flag Rnk 606 / 1203
2022
Origin $7.79M China
2021 - 2022
FASTEST GROWING ORIGIN $7.79MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $83.2M in Recreational Boats, making it the 28th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 302nd most exported product in Malaysia. The main destination of Recreational Boats exports from Malaysia are: United States ($59.3M), Australia ($17.7M), Indonesia ($1.71M), Canada ($1.41M), and Singapore ($1.17M).

The fastest growing export markets for Recreational Boats of Malaysia between 2021 and 2022 were United States ($22.6M), Australia ($13.2M), and Indonesia ($1.65M).

Imports In 2022, Malaysia imported $32.2M in Recreational Boats, becoming the 51st largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 606th most imported product in Malaysia. Malaysia imports Recreational Boats primarily from: China ($11M), Italy ($6.72M), Mexico ($3.06M), Thailand ($3M), and Sweden ($1.76M).

The fastest growing import markets in Recreational Boats for Malaysia between 2021 and 2022 were China ($7.79M), Italy ($6.09M), and Mexico ($1.84M).

COMPANIES In 2023, leading companies such as Motorola (2) were at the forefront of shipping Recreational Boats from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Recreational Boats exports accounted up to MYR9.88M and imports accounted up to MYR15M, resulting in a negative trade balance of MYR5.11M. Between August 2023 and August 2024 the exports of Malaysia's   Recreational Boats have increased by MYR442k (4.68%) from MYR9.44M to MYR9.88M, while imports decreased by MYR-847k (-5.35%) from MYR15.8M to MYR15M.

Destinations In August 2024, Recreational Boats were exported mostly to United States (MYR7.47M), Christmas Island (MYR1.92M), Indonesia (MYR278k), Australia (MYR195k), and Papua New Guinea (MYR13.7k), and were imported mostly from Hong Kong (MYR9.29M), France (MYR4.44M), Singapore (MYR429k), Australia (MYR301k), and United States (MYR293k).

Growth In August 2024, the increase in Recreational Boats's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR181k or 29.6%). In August 2024, the decrease in Recreational Boats's year-by-year imports was explained primarily by a decrease in imports from Mexico (MYR-2.53M or -67%), China (MYR-669k or -53.1%), and Japan (MYR-38.3k or -99.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR442k(4.68%)
IMPORT GROWTH (August 2023 - August 2024)MYR-847k(-5.35%)
MAIN DESTINATION (August 2024)United StatesMYR7.47M

This section shows Recreational Boats'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 Recreational Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$83.2M
IMPORTS (2022)$32.2M
NET TRADE (2022)$51M

In 2022, Malaysia exported $83.2M in Recreational Boats. The main destinations of Malaysia exports on Recreational Boats were United States ($59.3M), Australia ($17.7M), Indonesia ($1.71M), Canada ($1.41M), and Singapore ($1.17M).

In 2022, Malaysia imported $32.2M in Recreational Boats, mainly from China ($11M), Italy ($6.72M), Mexico ($3.06M), Thailand ($3M), and Sweden ($1.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$22.6M (61.4%)
Australia$13.2M (291%)
Indonesia$1.65M (2.94k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Malaysia WERE (2021 - 2022):
Singapore-$6.79M (-85.3%)
Nigeria-$5.28M (-100%)
New Zealand-$3.47M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Recreational Boats were:
Italy $3.5B
United States $1.89B
France $1.35B
In 2022, Malaysia's main importing competitors in Recreational Boats were:
United States $3.03B
Malta $1.37B
Canada $1.13B

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $2.01M
TOP IMPORT POTENTIALChina+ $1.99M

Recreational Boats’s highest export potential is Singapore. With an export gap of $2.01M.   Recreational Boats’s highest import potential is China with an import gap of $1.99M.

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