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2023
Exports $126MWorld Rnk 23 / 182
Flag Rnk 241 / 1208
2023
Destination $2.31M United States
2022 - 2023
FASTEST GROWING MARKET $2.31MChinese Taipei
2023
PRODUCT COMPLEXITY IN Rubberworking Machinery1.68Rnk 24 / 1025
2023
Imports $365MWorld Rnk 21 / 216
Flag Rnk 129 / 1211
2023
Origin $9.43M China
2022 - 2023
FASTEST GROWING ORIGIN $9.43MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $126M in Rubberworking Machinery, making it the 23rd largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 241st most exported product in Malaysia. The main destination of Rubberworking Machinery exports from Malaysia are: United States ($30.7M), India ($15M), Cote d'Ivoire ($11.9M), Thailand ($8.95M), and Indonesia ($6.5M).

The fastest growing export markets for Rubberworking Machinery of Malaysia between 2022 and 2023 were Chinese Taipei ($2.31M), South Korea ($2.01M), and Indonesia ($1.8M).

Imports In 2023, Malaysia imported $365M in Rubberworking Machinery, becoming the 21st largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 129th most imported product in Malaysia. Malaysia imports Rubberworking Machinery primarily from: China ($161M), Germany ($47.7M), Japan ($38M), Chinese Taipei ($29.2M), and Singapore ($18.2M).

The fastest growing import markets in Rubberworking Machinery for Malaysia between 2022 and 2023 were Singapore ($9.43M), Germany ($6.23M), and Netherlands ($2.45M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Rubberworking Machinery exports accounted up to MYR42M and imports accounted up to MYR152M, resulting in a negative trade balance of MYR110M. Between November 2023 and November 2024 the exports of Malaysia's   Rubberworking Machinery have increased by MYR5.35M (14.6%) from MYR36.6M to MYR42M, while imports increased by MYR28.3M (22.9%) from MYR123M to MYR152M.

Destinations In November 2024, Rubberworking Machinery were exported mostly to China (MYR9.42M), Singapore (MYR7.09M), India (MYR7.03M), United States (MYR4.36M), and Cote d'Ivoire (MYR4.33M), and were imported mostly from China (MYR79M), Japan (MYR26.2M), Singapore (MYR13.7M), Germany (MYR9.94M), and Chinese Taipei (MYR7.54M).

Growth In November 2024, the increase in Rubberworking Machinery's year-by-year exports was explained primarily by an increase in exports to India (MYR3.53M or 128%), Japan (MYR3.46M or 1.23k%), and Iran (MYR1.6M or 401%). In November 2024, the increase in Rubberworking Machinery's year-by-year imports was explained primarily by an increase in imports from Austria (MYR18.5M or 6.23k%), South Korea (MYR12.3M or 186%), and Italy (MYR1.58M or 41.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR5.35M(14.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR28.3M(22.9%)
MAIN DESTINATION (November 2024)ChinaMYR9.42M

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$126M
IMPORTS (2023)$365M
NET TRADE (2023)-$239M

In 2023, Malaysia exported $126M in Rubberworking Machinery. The main destinations of Malaysia exports on Rubberworking Machinery were United States ($30.7M), India ($15M), Cote d'Ivoire ($11.9M), Thailand ($8.95M), and Indonesia ($6.5M).

In 2023, Malaysia imported $365M in Rubberworking Machinery, mainly from China ($161M), Germany ($47.7M), Japan ($38M), Chinese Taipei ($29.2M), and Singapore ($18.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Chinese Taipei$2.31M (302%)
South Korea$2.01M (1.25k%)
Indonesia$1.8M (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Malaysia WERE (2022 - 2023):
Vietnam-$13.2M (-83.2%)
United States-$11.9M (-27.9%)
France-$11.7M (-93.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Rubberworking Machinery were:
China $6.97B
Germany $6.13B
Japan $2.61B
In 2023, Malaysia's main importing competitors in Rubberworking Machinery were:
United States $3.68B
China $3.11B
Mexico $1.64B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.3M
TOP IMPORT POTENTIALChina+ $11.1M

Rubberworking Machinery’s highest export potential is China. With an export gap of $14.3M.   Rubberworking Machinery’s highest import potential is China with an import gap of $11.1M.

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