Silver in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $29.3M in Silver, making it the 43rd largest exporter of Silver in the world. At the same year, Silver was the 457th most exported product in Malaysia. The main destination of Silver exports from Malaysia are: Japan ($21.7M), Hungary ($1.16M), Hong Kong ($1.01M), Thailand ($920k), and Egypt ($915k).

The fastest growing export markets for Silver of Malaysia between 2021 and 2022 were Japan ($2.98M), Egypt ($535k), and Thailand ($391k).

Imports In 2022, Malaysia imported $121M in Silver, becoming the 24th largest importer of Silver in the world. At the same year, Silver was the 329th most imported product in Malaysia. Malaysia imports Silver primarily from: Japan ($78.5M), China ($8.83M), United States ($6.15M), Singapore ($5.72M), and South Korea ($3.71M).

The fastest growing import markets in Silver for Malaysia between 2021 and 2022 were Poland ($834k), Canada ($484k), and United Arab Emirates ($383k).

Latest Trends

July 2024

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Overview In July 2024 Malaysia's Silver exports accounted up to MYR2.53M and imports accounted up to MYR43.1M, resulting in a negative trade balance of MYR40.6M. Between July 2023 and July 2024 the exports of Malaysia's Silver have increased by MYR633k (33.4%) from MYR1.89M to MYR2.53M, while imports increased by MYR6.77M (18.6%) from MYR36.3M to MYR43.1M.

Destinations In July 2024, Silver were exported mostly to Switzerland (MYR780k), China (MYR722k), Japan (MYR523k), Germany (MYR214k), and Hong Kong (MYR156k), and were imported mostly from Japan (MYR24.4M), Singapore (MYR5.06M), United States (MYR4.11M), China (MYR3.18M), and Switzerland (MYR1.46M).

Growth In July 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 July 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from China (MYR7.28M or 43.4%), Japan (MYR4M or 160%), and Italy (MYR686k or 1.67k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)MYR633k(33.4%)

IMPORT GROWTH (July 2023 - July 2024)MYR6.77M(18.6%)

MAIN DESTINATION (July 2024)SwitzerlandMYR780k

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 (2022)$29.3M

IMPORTS (2022)$121M

NET TRADE (2022)-$91.5M

In 2022, Malaysia exported $29.3M in Silver. The main destinations of Malaysia exports on Silver were Japan ($21.7M), Hungary ($1.16M), Hong Kong ($1.01M), Thailand ($920k), and Egypt ($915k).

In 2022, Malaysia imported $121M in Silver, mainly from Japan ($78.5M), China ($8.83M), United States ($6.15M), Singapore ($5.72M), and South Korea ($3.71M).

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