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2022
Exports $992MWorld Rnk 8 / 214
Flag Rnk 54 / 1198
2022
Destination $79.8M Thailand
2021 - 2022
FASTEST GROWING MARKET $79.8MThailand
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $421MWorld Rnk 24 / 223
Flag Rnk 127 / 1203
2022
Origin $42.9M China
2021 - 2022
FASTEST GROWING ORIGIN $42.9MJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $992M in Thermostats, making it the 8th largest exporter of Thermostats in the world. At the same year, Thermostats was the 54th most exported product in Malaysia. The main destination of Thermostats exports from Malaysia are: Thailand ($286M), United States ($248M), Japan ($68.4M), Singapore ($53M), and Chinese Taipei ($40.5M).

The fastest growing export markets for Thermostats of Malaysia between 2021 and 2022 were Thailand ($79.8M), United States ($39M), and Singapore ($20.9M).

Imports In 2022, Malaysia imported $421M in Thermostats, becoming the 24th largest importer of Thermostats in the world. At the same year, Thermostats was the 127th most imported product in Malaysia. Malaysia imports Thermostats primarily from: China ($96.1M), Japan ($93.6M), United States ($61.2M), Thailand ($41.1M), and Singapore ($24M).

The fastest growing import markets in Thermostats for Malaysia between 2021 and 2022 were Japan ($42.9M), China ($27.4M), and South Korea ($9.93M).

COMPANIES In 2023, leading companies such as Wistron (58), Motorola (13), and Electrolux (3) were at the forefront of shipping Thermostats from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Thermostats exports accounted up to MYR293M and imports accounted up to MYR168M, resulting in a positive trade balance of MYR125M. Between September 2023 and September 2024 the exports of Malaysia's   Thermostats have decreased by MYR-94.6M (-24.4%) from MYR388M to MYR293M, while imports increased by MYR15.3M (10%) from MYR153M to MYR168M.

Destinations In September 2024, Thermostats were exported mostly to United States (MYR79.8M), Thailand (MYR72.1M), Singapore (MYR32.4M), Indonesia (MYR21.8M), and Chinese Taipei (MYR16.2M), and were imported mostly from Japan (MYR41.1M), China (MYR33.2M), Philippines (MYR16.7M), United States (MYR16.1M), and Singapore (MYR12.9M).

Growth In September 2024, the decrease in Thermostats's year-by-year exports was explained primarily by a decrease in exports to South Africa (MYR-7.75M or -39.3%), Canada (MYR-3.86M or -63.5%), and India (MYR-3.62M or -44.3%). In September 2024, the increase in Thermostats's year-by-year imports was explained primarily by an increase in imports from Philippines (MYR10.6M or 670%), Japan (MYR7.44M or 48.2%), and South Korea (MYR5.97M or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-94.6M(-24.4%)
IMPORT GROWTH (September 2023 - September 2024)MYR15.3M(10%)
MAIN DESTINATION (September 2024)United StatesMYR79.8M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$992M
IMPORTS (2022)$421M
NET TRADE (2022)$571M

In 2022, Malaysia exported $992M in Thermostats. The main destinations of Malaysia exports on Thermostats were Thailand ($286M), United States ($248M), Japan ($68.4M), Singapore ($53M), and Chinese Taipei ($40.5M).

In 2022, Malaysia imported $421M in Thermostats, mainly from China ($96.1M), Japan ($93.6M), United States ($61.2M), Thailand ($41.1M), and Singapore ($24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Thailand$79.8M (38.7%)
United States$39M (18.7%)
Singapore$20.9M (65.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Malaysia WERE (2021 - 2022):
Argentina-$1.94M (-50.3%)
Spain-$1.74M (-29.3%)
Brunei-$1.63M (-82.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Malaysia's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $34.6M
TOP IMPORT POTENTIALChina+ $28.1M

Thermostats’s highest export potential is China. With an export gap of $34.6M.   Thermostats’s highest import potential is China with an import gap of $28.1M.

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