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2023
Exports $132MWorld Rnk 4 / 171
Flag Rnk 237 / 1208
2023
Destination $23.9M United States
2022 - 2023
FASTEST GROWING MARKET $23.9MNetherlands
2023
PRODUCT COMPLEXITY IN Sound Recording Equipment0.41Rnk 405 / 1025
2023
Imports $10.1MWorld Rnk 41 / 209
Flag Rnk 809 / 1211
2023
Origin $790k China
2022 - 2023
FASTEST GROWING ORIGIN $790kHong Kong
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $132M in Sound Recording Equipment, making it the 4th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 237th most exported product in Malaysia. The main destination of Sound Recording Equipment exports from Malaysia are: United States ($26.1M), Netherlands ($24.1M), Germany ($20.3M), United Kingdom ($12.8M), and China ($6.52M).

The fastest growing export markets for Sound Recording Equipment of Malaysia between 2022 and 2023 were Netherlands ($23.9M), United Kingdom ($5.22M), and Germany ($3.91M).

Imports In 2023, Malaysia imported $10.1M in Sound Recording Equipment, becoming the 41st largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 809th most imported product in Malaysia. Malaysia imports Sound Recording Equipment primarily from: China ($6.51M), Hong Kong ($1.03M), Vietnam ($846k), United States ($332k), and Singapore ($319k).

The fastest growing import markets in Sound Recording Equipment for Malaysia between 2022 and 2023 were Hong Kong ($790k), Vietnam ($527k), and Japan ($155k).

COMPANIES In 2023, leading companies such as Continental Tire (2) and Conair (1) were at the forefront of shipping Sound Recording Equipment from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Sound Recording Equipment exports accounted up to MYR31.4M and imports accounted up to MYR2.2M, resulting in a positive trade balance of MYR29.2M. Between November 2023 and November 2024 the exports of Malaysia's   Sound Recording Equipment have increased by MYR2.45M (8.45%) from MYR29M to MYR31.4M, while imports decreased by MYR-1.6M (-42.1%) from MYR3.81M to MYR2.2M.

Destinations In November 2024, Sound Recording Equipment were exported mostly to United States (MYR19.2M), United Kingdom (MYR3.14M), Belgium (MYR2.62M), Germany (MYR1.39M), and Singapore (MYR1.03M), and were imported mostly from China (MYR1.15M), Singapore (MYR302k), United Kingdom (MYR231k), Hong Kong (MYR152k), and Italy (MYR87.5k).

Growth In November 2024, the increase in Sound Recording Equipment's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR2.58M or 191%), Belgium (MYR1.75M or 37.1%), and China (MYR481k or 46.2%). In November 2024, the decrease in Sound Recording Equipment's year-by-year imports was explained primarily by a decrease in imports from China (MYR-412k or -22.9%), Singapore (MYR-30.9k or -41.7%), and Hong Kong (MYR-20.8k or -28.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR2.45M(8.45%)
IMPORT GROWTH (November 2023 - November 2024)MYR-1.6M(-42.1%)
MAIN DESTINATION (November 2024)United StatesMYR19.2M

This section shows Sound Recording Equipment'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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$132M
IMPORTS (2023)$10.1M
NET TRADE (2023)$121M

In 2023, Malaysia exported $132M in Sound Recording Equipment. The main destinations of Malaysia exports on Sound Recording Equipment were United States ($26.1M), Netherlands ($24.1M), Germany ($20.3M), United Kingdom ($12.8M), and China ($6.52M).

In 2023, Malaysia imported $10.1M in Sound Recording Equipment, mainly from China ($6.51M), Hong Kong ($1.03M), Vietnam ($846k), United States ($332k), and Singapore ($319k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Netherlands$23.9M (10.5k%)
United Kingdom$5.22M (69.2%)
Germany$3.91M (23.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Malaysia WERE (2022 - 2023):
United States-$37.7M (-59.1%)
Japan-$2.98M (-37.4%)
Singapore-$2.75M (-31.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Sound Recording Equipment were:
China $2.14B
Vietnam $402M
Netherlands $211M
In 2023, Malaysia's main importing competitors in Sound Recording Equipment were:
United States $1.01B
Germany $388M
Netherlands $243M

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.05M
TOP IMPORT POTENTIALChina+ $3.02M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $4.05M.   Sound Recording Equipment’s highest import potential is China with an import gap of $3.02M.

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