2022
Exports
$1.94MWorld Rnk 35 / 184
Flag Rnk 881 / 1198
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$46.6MWorld Rnk 9 / 218
Flag Rnk 530 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia
1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.94M in Tool Sets, making it the 35th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 881st most exported product in Malaysia. The main destination of Tool Sets exports from Malaysia are: Singapore ($450k), China ($304k), Papua New Guinea ($261k), Chinese Taipei ($237k), and United States ($126k).

The fastest growing export markets for Tool Sets of Malaysia between 2021 and 2022 were China ($258k), Papua New Guinea ($233k), and Chinese Taipei ($126k).

Imports In 2022, Malaysia imported $46.6M in Tool Sets, becoming the 9th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 530th most imported product in Malaysia. Malaysia imports Tool Sets primarily from: China ($40.1M), Singapore ($3.2M), South Korea ($684k), Chinese Taipei ($462k), and Germany ($345k).

The fastest growing import markets in Tool Sets for Malaysia between 2021 and 2022 were Singapore ($1.9M), South Korea ($579k), and United States ($254k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR349k(18.8%)
IMPORT GROWTH (June 2023 - June 2024)MYR-18.5M(-67.2%)
MAIN DESTINATION (June 2024)JapanMYR1.91M

This section shows Tool Sets'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 Tool Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.94M
IMPORTS (2022)$46.6M
NET TRADE (2022)-$44.6M

In 2022, Malaysia exported $1.94M in Tool Sets. The main destinations of Malaysia exports on Tool Sets were Singapore ($450k), China ($304k), Papua New Guinea ($261k), Chinese Taipei ($237k), and United States ($126k).

In 2022, Malaysia imported $46.6M in Tool Sets, mainly from China ($40.1M), Singapore ($3.2M), South Korea ($684k), Chinese Taipei ($462k), and Germany ($345k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$258k (569%)
Papua New Guinea$233k (835%)
Chinese Taipei$126k (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Malaysia WERE (2021 - 2022):
Colombia-$75.5k (-82.4%)
Singapore-$67.2k (-13%)
Vietnam-$51.9k (-76.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tool Sets were:
In 2022, Malaysia's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $129k
TOP IMPORT POTENTIALGermany+ $329k

Tool Sets’s highest export potential is Singapore. With an export gap of $129k.   Tool Sets’s highest import potential is Germany with an import gap of $329k.

See methodology.

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