2022
Exports
$611MWorld Rnk 25 / 218
Flag Rnk 83 / 1198
2022
PRODUCT COMPLEXITY IN Seats
0.0071Rnk 545 / 1025
2022
Imports
$834MWorld Rnk 22 / 224
Flag Rnk 69 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia
1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $611M in Seats, making it the 25th largest exporter of Seats in the world. At the same year, Seats was the 83rd most exported product in Malaysia. The main destination of Seats exports from Malaysia are: United States ($251M), Australia ($54.8M), Singapore ($34.3M), Canada ($28.2M), and Japan ($22.7M).

The fastest growing export markets for Seats of Malaysia between 2021 and 2022 were United States ($63.5M), Australia ($21.6M), and Canada ($18.2M).

Imports In 2022, Malaysia imported $834M in Seats, becoming the 22nd largest importer of Seats in the world. At the same year, Seats was the 69th most imported product in Malaysia. Malaysia imports Seats primarily from: China ($629M), Thailand ($47.6M), Indonesia ($27.6M), Germany ($26.8M), and Japan ($25.4M).

The fastest growing import markets in Seats for Malaysia between 2021 and 2022 were Germany ($13.1M), Indonesia ($12.1M), and Thailand ($8.94M).

COMPANIES In 2023, leading companies such as Lovesac (356), CITY Furniture (33), and Goplus (27) were at the forefront of shipping Seats from Malaysia to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR11.1M(5.57%)
IMPORT GROWTH (August 2023 - August 2024)MYR22.6M(15.1%)
MAIN DESTINATION (August 2024)United StatesMYR65M

This section shows Seats'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 Seats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$611M
IMPORTS (2022)$834M
NET TRADE (2022)-$224M

In 2022, Malaysia exported $611M in Seats. The main destinations of Malaysia exports on Seats were United States ($251M), Australia ($54.8M), Singapore ($34.3M), Canada ($28.2M), and Japan ($22.7M).

In 2022, Malaysia imported $834M in Seats, mainly from China ($629M), Thailand ($47.6M), Indonesia ($27.6M), Germany ($26.8M), and Japan ($25.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seats EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$63.5M (33.8%)
Australia$21.6M (65%)
Canada$18.2M (182%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seats BY Malaysia WERE (2021 - 2022):
Hong Kong-$12.2M (-69.8%)
Turkey-$5.69M (-39%)
Mexico-$5.34M (-63.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Seats were:
China $34.3B
Poland $6.67B
Vietnam $4.84B
In 2022, Malaysia's main importing competitors in Seats were:

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Trade Value of Seats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.7M
TOP IMPORT POTENTIALChina+ $73.1M

Seats’s highest export potential is United States. With an export gap of $52.7M.   Seats’s highest import potential is China with an import gap of $73.1M.

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