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2023
Exports $604kWorld Rnk 36 / 133
Flag Rnk 1009 / 1208
2023
Destination $123k Poland
2022 - 2023
FASTEST GROWING MARKET $123kPoland
2023
Imports $18.9MWorld Rnk 4 / 209
Flag Rnk 683 / 1211
2023
Origin $4.6M China
2022 - 2023
FASTEST GROWING ORIGIN $4.6MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $604k in Time Recording Instruments, making it the 36th largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 1009th most exported product in Malaysia. The main destination of Time Recording Instruments exports from Malaysia are: Poland ($123k), Saudi Arabia ($82k), Singapore ($60k), China ($49.7k), and United States ($49.4k).

The fastest growing export markets for Time Recording Instruments of Malaysia between 2022 and 2023 were Poland ($123k), Singapore ($22.9k), and Saudi Arabia ($21.2k).

Imports In 2023, Malaysia imported $18.9M in Time Recording Instruments, becoming the 4th largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 683rd most imported product in Malaysia. Malaysia imports Time Recording Instruments primarily from: China ($17.9M), Japan ($578k), Thailand ($97.4k), Bangladesh ($75.9k), and United States ($66.1k).

The fastest growing import markets in Time Recording Instruments for Malaysia between 2022 and 2023 were China ($4.6M), Japan ($150k), and Thailand ($84.1k).

COMPANIES In 2024, leading companies such as Motorola (2) were at the forefront of shipping Time Recording Instruments from Malaysia to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Time Recording Instruments exports accounted up to MYR119k and imports accounted up to MYR374k, resulting in a negative trade balance of MYR255k. Between December 2023 and December 2024 the exports of Malaysia's   Time Recording Instruments have increased by MYR2k (1.71%) from MYR117k to MYR119k, while imports increased by MYR258k (222%) from MYR116k to MYR374k.

Destinations In December 2024, Time Recording Instruments were exported mostly to Germany (MYR47k), Hong Kong (MYR46.7k), China (MYR12.4k), Singapore (MYR8.31k), and Chinese Taipei (MYR1.6k), and were imported mostly from Japan (MYR145k), China (MYR71.3k), Thailand (MYR55.9k), Bangladesh (MYR52.4k), and United States (MYR18.3k).

Growth In December 2024, the increase in Time Recording Instruments's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR23.3k or 885%), Hong Kong (MYR3.21k or 10.1%), and Singapore (MYR2.68k or 12.2%). In December 2024, the increase in Time Recording Instruments's year-by-year imports was explained primarily by an increase in imports from China (MYR56.5k or 215%), Japan (MYR1.69k or 2.87k%), and United Kingdom (MYR453 or 141%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR2k(1.71%)
IMPORT GROWTH (December 2023 - December 2024)MYR258k(222%)
MAIN DESTINATION (December 2024)GermanyMYR47k

This section shows Time Recording Instruments'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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$604k
IMPORTS (2023)$18.9M
NET TRADE (2023)-$18.3M

In 2023, Malaysia exported $604k in Time Recording Instruments. The main destinations of Malaysia exports on Time Recording Instruments were Poland ($123k), Saudi Arabia ($82k), Singapore ($60k), China ($49.7k), and United States ($49.4k).

In 2023, Malaysia imported $18.9M in Time Recording Instruments, mainly from China ($17.9M), Japan ($578k), Thailand ($97.4k), Bangladesh ($75.9k), and United States ($66.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Poland$123k (1%)
Singapore$22.9k (61.6%)
Saudi Arabia$21.2k (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY Malaysia WERE (2022 - 2023):
United Arab Emirates-$151k (-97.5%)
Vietnam-$69.7k (-97%)
Japan-$65.6k (-98.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Time Recording Instruments were:
China $155M
France $34.6M
United States $25M
In 2023, Malaysia's main importing competitors in Time Recording Instruments were:
United States $42.4M
Japan $26.2M
Germany $24M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $58.3k
TOP IMPORT POTENTIALUnited States+ $95.9k

Time Recording Instruments’s highest export potential is United States. With an export gap of $58.3k.   Time Recording Instruments’s highest import potential is United States with an import gap of $95.9k.

See methodology.

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