Silver in Malaysia | The Observatory of Economic Complexity

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Exports In 2023, Malaysia exported $17.1M in Silver, making it the 47th largest exporter of Silver in the world. At the same year, Silver was the 528th most exported product in Malaysia. The main destination of Silver exports from Malaysia are: Japan ($7.5M), Egypt ($1.89M), China ($1.32M), United States ($1.09M), and Hong Kong ($830k).

The fastest growing export markets for Silver of Malaysia between 2022 and 2023 were China ($918k), United States ($680k), and New Zealand ($498k).

Imports In 2023, Malaysia imported $120M in Silver, becoming the 23rd largest importer of Silver in the world. At the same year, Silver was the 292nd most imported product in Malaysia. Malaysia imports Silver primarily from: Japan ($53.9M), China ($36.2M), Singapore ($8.02M), United States ($7.63M), and Italy ($2.46M).

The fastest growing import markets in Silver for Malaysia between 2022 and 2023 were China ($6.81M), Singapore ($4.39M), and United States ($4.23M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Silver exports accounted up to MYR1.77M and imports accounted up to MYR20.3M, resulting in a negative trade balance of MYR18.5M. Between November 2023 and November 2024 the exports of Malaysia's Silver have increased by MYR1.11M (168%) from MYR658k to MYR1.77M, while imports decreased by MYR-11.1M (-35.3%) from MYR31.4M to MYR20.3M.

Destinations In November 2024, Silver were exported mostly to Japan (MYR829k), Germany (MYR355k), Thailand (MYR343k), United States (MYR152k), and Hong Kong (MYR68.9k), and were imported mostly from Singapore (MYR6.06M), Japan (MYR5.69M), United States (MYR3.76M), Hungary (MYR1.16M), and Mexico (MYR979k).

Growth In November 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Japan (MYR695k or 20.2%). In November 2024, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (MYR-2.28M or -85%), Switzerland (MYR-943k or -92.6%), and Singapore (MYR-469k or -67.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)MYR1.11M(168%)

IMPORT GROWTH (November 2023 - November 2024)MYR-11.1M(-35.3%)

MAIN DESTINATION (November 2024)JapanMYR829k

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$17.1M

IMPORTS (2023)$120M

NET TRADE (2023)-$103M

In 2023, Malaysia exported $17.1M in Silver. The main destinations of Malaysia exports on Silver were Japan ($7.5M), Egypt ($1.89M), China ($1.32M), United States ($1.09M), and Hong Kong ($830k).

In 2023, Malaysia imported $120M in Silver, mainly from Japan ($53.9M), China ($36.2M), Singapore ($8.02M), United States ($7.63M), and Italy ($2.46M).

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