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2022
Exports $3.44BWorld Rnk 40 / 226
Flag Rnk 11 / 21
2022
Destination $62.5M United States
2021 - 2022
FASTEST GROWING MARKET $62.5MTurkey
2022
PRODUCT COMPLEXITY IN Textiles1.5Rnk 52 / 1025
2022
Imports $8.02BWorld Rnk 29 / 226
Flag Rnk 8 / 21
2022
Origin $928M China
2021 - 2022
FASTEST GROWING ORIGIN $928MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $3.44B in Textiles, making it the 40th largest exporter of Textiles in the world. At the same year, Textiles was the 11th most exported product in Malaysia. The main destination of Textiles exports from Malaysia are: United States ($399M), Turkey ($357M), Japan ($298M), China ($241M), and Singapore ($233M).

The fastest growing export markets for Textiles of Malaysia between 2021 and 2022 were Turkey ($62.5M), India ($50.6M), and United States ($32.9M).

Imports In 2022, Malaysia imported $8.02B in Textiles, becoming the 29th largest importer of Textiles in the world. At the same year, Textiles was the 8th most imported product in Malaysia. Malaysia imports Textiles primarily from: China ($5.18B), Singapore ($354M), India ($272M), Vietnam ($264M), and Indonesia ($243M).

The fastest growing import markets in Textiles for Malaysia between 2021 and 2022 were China ($928M), Singapore ($142M), and Australia ($97.4M).

COMPANIES In 2023, leading companies such as H&M Clothing (24), Kontoor Brands (12), and Nike (9) were at the forefront of shipping Textiles from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Textiles exports accounted up to MYR1.32B and imports accounted up to MYR1.62B, resulting in a negative trade balance of MYR301M. Between June 2023 and June 2024 the exports of Malaysia's   Textiles have increased by MYR66.2M (5.27%) from MYR1.25B to MYR1.32B, while imports increased by MYR330M (25.6%) from MYR1.29B to MYR1.62B.

Destinations In June 2024, Textiles were exported mostly to United States (MYR126M), China (MYR120M), Japan (MYR117M), Singapore (MYR91.9M), and Vietnam (MYR76.9M), and were imported mostly from China (MYR622M), Singapore (MYR164M), Vietnam (MYR126M), India (MYR83.4M), and Bangladesh (MYR78.4M).

Growth In June 2024, the increase in Textiles's year-by-year exports was explained primarily by an increase in exports to Unclassified (MYR11.5M or 2.61k%), Spain (MYR8.45M or 36.5%), and Singapore (MYR7.55M or 9.32%). In June 2024, the increase in Textiles's year-by-year imports was explained primarily by an increase in imports from Singapore (MYR47M or 85.1%), United States (MYR23.3M or 110%), and Cambodia (MYR8.42M or 45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR66.2M(5.27%)
IMPORT GROWTH (June 2023 - June 2024)MYR330M(25.6%)
MAIN DESTINATION (June 2024)United StatesMYR126M

This section shows Textiles'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 Textiles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.44B
IMPORTS (2022)$8.02B
NET TRADE (2022)-$4.58B

In 2022, Malaysia exported $3.44B in Textiles. The main destinations of Malaysia exports on Textiles were United States ($399M), Turkey ($357M), Japan ($298M), China ($241M), and Singapore ($233M).

In 2022, Malaysia imported $8.02B in Textiles, mainly from China ($5.18B), Singapore ($354M), India ($272M), Vietnam ($264M), and Indonesia ($243M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Turkey$62.5M (21.2%)
India$50.6M (59.8%)
United States$32.9M (8.98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Malaysia WERE (2021 - 2022):
Cambodia-$132M (-58.3%)
Indonesia-$51.5M (-22.8%)
Nigeria-$41.5M (-59.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Textiles were:
China $303B
Bangladesh $57.7B
Vietnam $48.8B
In 2022, Malaysia's main importing competitors in Textiles were:
United States $148B
Germany $69.3B
Japan $35.3B

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $127M
TOP IMPORT POTENTIALChina+ $353M

Textiles’s highest export potential is United States. With an export gap of $127M.   Textiles’s highest import potential is China with an import gap of $353M.

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