Styrene in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $72.6M in Styrene, making it the 16th largest exporter of Styrene in the world. At the same year, Styrene was the 451st most exported product in Malaysia. The main destination of Styrene exports from Malaysia are: India ($40M), Vietnam ($17.7M), Thailand ($10.9M), Australia ($1.94M), and Bangladesh ($611k).

The fastest growing export markets for Styrene of Malaysia between 2021 and 2022 were Vietnam ($17.3M), India ($6.22M), and Australia ($1.92M).

Imports In 2022, Malaysia imported $132M in Styrene, becoming the 22nd largest importer of Styrene in the world. At the same year, Styrene was the 318th most imported product in Malaysia. Malaysia imports Styrene primarily from: Saudi Arabia ($75.8M), Singapore ($55.9M), Indonesia ($94.3k), South Korea ($21.7k), and Japan ($9.11k).

The fastest growing import markets in Styrene for Malaysia between 2021 and 2022 were Saudi Arabia ($22.4M), South Korea ($13k), and Japan ($3.94k).

COMPANIES In 2023, leading companies such as Halyard Health (1.33k), Coaster Fine Furniture (890), and Motorola (838) were at the forefront of shipping Styrene from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Styrene exports accounted up to MYR232k and imports accounted up to MYR75.2M, resulting in a negative trade balance of MYR74.9M. Between June 2023 and June 2024 the exports of Malaysia's Styrene have decreased by MYR-391k (-62.7%) from MYR623k to MYR232k, while imports increased by MYR6.32M (9.17%) from MYR68.8M to MYR75.2M.

Destinations In June 2024, Styrene were exported mostly to Singapore (MYR168k), Australia (MYR18.7k), Philippines (MYR13.4k), Bangladesh (MYR13.1k), and Cambodia (MYR12.9k), and were imported mostly from Saudi Arabia (MYR40.1M), Singapore (MYR34.1M), Chinese Taipei (MYR856k), Indonesia (MYR45.6k), and Japan (MYR6.54k).

Growth In June 2024, the decrease in Styrene's year-by-year exports was explained primarily by a decrease in exports to India (MYR-13.4M or -51.6%), Bangladesh (MYR-750k or -99.5%), and Indonesia (MYR-299k or -74.9%). In June 2024, the increase in Styrene's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia (MYR18M or 74.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR-391k(-62.7%)

IMPORT GROWTH (June 2023 - June 2024)MYR6.32M(9.17%)

MAIN DESTINATION (June 2024)SingaporeMYR168k

This section shows Styrene'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$72.6M

IMPORTS (2022)$132M

NET TRADE (2022)-$59.2M

In 2022, Malaysia exported $72.6M in Styrene. The main destinations of Malaysia exports on Styrene were India ($40M), Vietnam ($17.7M), Thailand ($10.9M), Australia ($1.94M), and Bangladesh ($611k).

In 2022, Malaysia imported $132M in Styrene, mainly from Saudi Arabia ($75.8M), Singapore ($55.9M), Indonesia ($94.3k), South Korea ($21.7k), and Japan ($9.11k).

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