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2023
Exports $760MWorld Rnk 8 / 147
Flag Rnk 64 / 1208
2023
Destination $4.75M China
2022 - 2023
FASTEST GROWING MARKET $4.75MTurkey
2023
PRODUCT COMPLEXITY IN Styrene Polymers0.67Rnk 295 / 1025
2023
Imports $465MWorld Rnk 11 / 210
Flag Rnk 97 / 1211
2023
Origin $15.5M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $15.5MTurkey
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $760M in Styrene Polymers, making it the 8th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 64th most exported product in Malaysia. The main destination of Styrene Polymers exports from Malaysia are: China ($404M), Thailand ($68.7M), Indonesia ($61.6M), Vietnam ($60.2M), and Turkey ($20.8M).

The fastest growing export markets for Styrene Polymers of Malaysia between 2022 and 2023 were Turkey ($4.75M), Spain ($1.12M), and Burma ($1.07M).

Imports In 2023, Malaysia imported $465M in Styrene Polymers, becoming the 11th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 97th most imported product in Malaysia. Malaysia imports Styrene Polymers primarily from: Chinese Taipei ($85M), Japan ($75.1M), China ($48.8M), United States ($39.9M), and South Korea ($39.7M).

The fastest growing import markets in Styrene Polymers for Malaysia between 2022 and 2023 were Turkey ($15.5M), China ($6.75M), and Spain ($4.27M).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Styrene Polymers exports accounted up to MYR309M and imports accounted up to MYR188M, resulting in a positive trade balance of MYR120M. Between December 2023 and December 2024 the exports of Malaysia's   Styrene Polymers have increased by MYR12.5M (4.21%) from MYR296M to MYR309M, while imports increased by MYR2.75M (1.48%) from MYR186M to MYR188M.

Destinations In December 2024, Styrene Polymers were exported mostly to China (MYR178M), Vietnam (MYR30M), Thailand (MYR24.3M), Indonesia (MYR22.2M), and India (MYR8.33M), and were imported mostly from Chinese Taipei (MYR33.5M), Japan (MYR27.2M), United States (MYR21.8M), China (MYR21.5M), and Singapore (MYR14.4M).

Growth In December 2024, the increase in Styrene Polymers's year-by-year exports was explained primarily by an increase in exports to China (MYR13.4M or 11.2%), Indonesia (MYR9.73M or 51.6%), and Japan (MYR2.48M or 68%). In December 2024, the increase in Styrene Polymers's year-by-year imports was explained primarily by an increase in imports from Japan (MYR13.9M or 60.3%), Chinese Taipei (MYR6.59M or 20.4%), and China (MYR4.77M or 20.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR12.5M(4.21%)
IMPORT GROWTH (December 2023 - December 2024)MYR2.75M(1.48%)
MAIN DESTINATION (December 2024)ChinaMYR178M

This section shows Styrene Polymers'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 Styrene Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$760M
IMPORTS (2023)$465M
NET TRADE (2023)$295M

In 2023, Malaysia exported $760M in Styrene Polymers. The main destinations of Malaysia exports on Styrene Polymers were China ($404M), Thailand ($68.7M), Indonesia ($61.6M), Vietnam ($60.2M), and Turkey ($20.8M).

In 2023, Malaysia imported $465M in Styrene Polymers, mainly from Chinese Taipei ($85M), Japan ($75.1M), China ($48.8M), United States ($39.9M), and South Korea ($39.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Turkey$4.75M (29.6%)
Spain$1.12M (85.6%)
Burma$1.07M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY Malaysia WERE (2022 - 2023):
China-$102M (-20.2%)
Vietnam-$33.9M (-36%)
Thailand-$28.5M (-29.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Styrene Polymers were:
South Korea $3.02B
Chinese Taipei $2.47B
Belgium $1.53B
In 2023, Malaysia's main importing competitors in Styrene Polymers were:
China $3.19B
Germany $1.25B
United States $1.24B

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Trade Value of Styrene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $24M
TOP IMPORT POTENTIALChina+ $14M

Styrene Polymers’s highest export potential is Indonesia. With an export gap of $24M.   Styrene Polymers’s highest import potential is China with an import gap of $14M.

See methodology.

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