Rubber in Malaysia | The Observatory of Economic Complexity

About

Exports In 2023, Malaysia exported $915M in Rubber, making it the 4th largest exporter of Rubber in the world. At the same year, Rubber was the 51st most exported product in Malaysia. The main destination of Rubber exports from Malaysia are: China ($373M), Slovakia ($63.7M), Germany ($60.5M), Singapore ($54.1M), and India ($44.2M).

The fastest growing export markets for Rubber of Malaysia between 2022 and 2023 were Pakistan ($12.2M), Russia ($4.72M), and Latvia ($2.45M).

Imports In 2023, Malaysia imported $1.28B in Rubber, becoming the 3rd largest importer of Rubber in the world. At the same year, Rubber was the 30th most imported product in Malaysia. Malaysia imports Rubber primarily from: Thailand ($523M), Cote d'Ivoire ($484M), Philippines ($76.4M), Ghana ($51.5M), and Burma ($40.1M).

The fastest growing import markets in Rubber for Malaysia between 2022 and 2023 were Cote d'Ivoire ($113M), Ghana ($17M), and China ($11M).

COMPANIES In 2023, leading companies such as Continental Tire (71), Goodyear Tire and Rubber (19), and Bridgestone Tires (17) were at the forefront of shipping Rubber from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Rubber exports accounted up to MYR372M and imports accounted up to MYR829M, resulting in a negative trade balance of MYR456M. Between November 2023 and November 2024 the exports of Malaysia's Rubber have increased by MYR26.2M (7.56%) from MYR346M to MYR372M, while imports increased by MYR170M (25.8%) from MYR659M to MYR829M.

Destinations In November 2024, Rubber were exported mostly to China (MYR158M), Germany (MYR50.8M), United States (MYR38.3M), United Arab Emirates (MYR30.4M), and Pakistan (MYR16.8M), and were imported mostly from Thailand (MYR352M), Cote d'Ivoire (MYR231M), Burma (MYR63.7M), Ghana (MYR58.3M), and Philippines (MYR49.1M).

Growth In November 2024, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR3.49M or 577%), Turkey (MYR2.88M or 27.2%), and Netherlands (MYR1.95M or 220%). In November 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from South Africa (MYR32M or 1.28k%), Cote d'Ivoire (MYR28.6M or 18.9%), and Democratic Republic of the Congo (MYR2.77M or 704%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)MYR26.2M(7.56%)

IMPORT GROWTH (November 2023 - November 2024)MYR170M(25.8%)

MAIN DESTINATION (November 2024)ChinaMYR158M

This section shows Rubber'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 Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$915M

IMPORTS (2023)$1.28B

NET TRADE (2023)-$369M

In 2023, Malaysia exported $915M in Rubber. The main destinations of Malaysia exports on Rubber were China ($373M), Slovakia ($63.7M), Germany ($60.5M), Singapore ($54.1M), and India ($44.2M).

In 2023, Malaysia imported $1.28B in Rubber, mainly from Thailand ($523M), Cote d'Ivoire ($484M), Philippines ($76.4M), Ghana ($51.5M), and Burma ($40.1M).

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