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2023
Exports $262MWorld Rnk 13 / 192
Flag Rnk 146 / 1208
2023
Destination $1.9M Singapore
2022 - 2023
FASTEST GROWING MARKET $1.9MNetherlands
2023
PRODUCT COMPLEXITY IN Therapeutic Appliances0.45Rnk 385 / 1025
2023
Imports $131MWorld Rnk 24 / 220
Flag Rnk 277 / 1211
2023
Origin $32.5M China
2022 - 2023
FASTEST GROWING ORIGIN $32.5MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $262M in Therapeutic Appliances, making it the 13th largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 146th most exported product in Malaysia. The main destination of Therapeutic Appliances exports from Malaysia are: Singapore ($108M), United States ($73.2M), Australia ($33.5M), China ($8.83M), and Germany ($6.61M).

The fastest growing export markets for Therapeutic Appliances of Malaysia between 2022 and 2023 were Netherlands ($1.9M), India ($1.76M), and Belgium ($932k).

Imports In 2023, Malaysia imported $131M in Therapeutic Appliances, becoming the 24th largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 277th most imported product in Malaysia. Malaysia imports Therapeutic Appliances primarily from: China ($94.1M), Singapore ($7.35M), United Kingdom ($3.74M), United States ($3.42M), and Australia ($3.28M).

The fastest growing import markets in Therapeutic Appliances for Malaysia between 2022 and 2023 were China ($32.5M), Netherlands ($2.62M), and United Kingdom ($1.82M).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Therapeutic Appliances exports accounted up to MYR91M and imports accounted up to MYR60.2M, resulting in a positive trade balance of MYR30.8M. Between December 2023 and December 2024 the exports of Malaysia's   Therapeutic Appliances have increased by MYR56.6M (164%) from MYR34.4M to MYR91M, while imports increased by MYR16.1M (36.5%) from MYR44.1M to MYR60.2M.

Destinations In December 2024, Therapeutic Appliances were exported mostly to Singapore (MYR41.3M), South Korea (MYR39M), United States (MYR3.27M), Australia (MYR2.88M), and United Kingdom (MYR1.06M), and were imported mostly from China (MYR41.3M), Singapore (MYR5.12M), Japan (MYR4.97M), Australia (MYR1.98M), and Canada (MYR1.71M).

Growth In December 2024, the increase in Therapeutic Appliances's year-by-year exports was explained primarily by an increase in exports to Canada (MYR1.35M or 1.21k%), Germany (MYR968k or 35.3%), and Japan (MYR270k or 263%). In December 2024, the increase in Therapeutic Appliances's year-by-year imports was explained primarily by an increase in imports from China (MYR18.8M or 77%), Singapore (MYR5.33M or 903%), and Canada (MYR1.16M or 20.4k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR56.6M(164%)
IMPORT GROWTH (December 2023 - December 2024)MYR16.1M(36.5%)
MAIN DESTINATION (December 2024)SingaporeMYR41.3M

This section shows Therapeutic Appliances'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 Therapeutic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$262M
IMPORTS (2023)$131M
NET TRADE (2023)$131M

In 2023, Malaysia exported $262M in Therapeutic Appliances. The main destinations of Malaysia exports on Therapeutic Appliances were Singapore ($108M), United States ($73.2M), Australia ($33.5M), China ($8.83M), and Germany ($6.61M).

In 2023, Malaysia imported $131M in Therapeutic Appliances, mainly from China ($94.1M), Singapore ($7.35M), United Kingdom ($3.74M), United States ($3.42M), and Australia ($3.28M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Netherlands$1.9M (2.98k%)
India$1.76M (2.25k%)
Belgium$932k (1.63k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY Malaysia WERE (2022 - 2023):
Australia-$115M (-77.4%)
United States-$18.4M (-20.1%)
Singapore-$6.9M (-6.01%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Therapeutic Appliances were:
China $5.92B
Singapore $1.83B
United States $1.67B
In 2023, Malaysia's main importing competitors in Therapeutic Appliances were:
United States $5.82B
Netherlands $1.15B
Germany $1.08B

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Trade Value of Therapeutic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.1M
TOP IMPORT POTENTIALChina+ $13.9M

Therapeutic Appliances’s highest export potential is United States. With an export gap of $22.1M.   Therapeutic Appliances’s highest import potential is China with an import gap of $13.9M.

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