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2023
Exports $94.9MWorld Rnk 33 / 168
Flag Rnk 270 / 1208
2023
Destination $23.7M United States
2022 - 2023
FASTEST GROWING MARKET $23.7MUnited States
2023
PRODUCT COMPLEXITY IN Tractors0.83Rnk 239 / 1025
2023
Imports $195MWorld Rnk 56 / 214
Flag Rnk 213 / 1211
2023
Origin $30.1M China
2022 - 2023
FASTEST GROWING ORIGIN $30.1MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $94.9M in Tractors, making it the 33rd largest exporter of Tractors in the world. At the same year, Tractors was the 270th most exported product in Malaysia. The main destination of Tractors exports from Malaysia are: United States ($23.7M), Singapore ($20.4M), South Korea ($9.15M), Chinese Taipei ($6.59M), and Australia ($4.84M).

The fastest growing export markets for Tractors of Malaysia between 2022 and 2023 were United States ($23.7M), Colombia ($4.16M), and Brazil ($3.45M).

Imports In 2023, Malaysia imported $195M in Tractors, becoming the 56th largest importer of Tractors in the world. At the same year, Tractors was the 213th most imported product in Malaysia. Malaysia imports Tractors primarily from: China ($82.5M), Sweden ($33.1M), Japan ($26.3M), Germany ($17.2M), and Netherlands ($8.1M).

The fastest growing import markets in Tractors for Malaysia between 2022 and 2023 were China ($30.1M), Sweden ($11.7M), and Netherlands ($2.42M).

COMPANIES In 2023, leading companies such as CNH Industrial (2) were at the forefront of shipping Tractors from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Tractors exports accounted up to MYR13.3M and imports accounted up to MYR66.8M, resulting in a negative trade balance of MYR53.4M. Between November 2023 and November 2024 the exports of Malaysia's   Tractors have decreased by MYR-9.96M (-42.8%) from MYR23.3M to MYR13.3M, while imports decreased by MYR-24.9M (-27.2%) from MYR91.7M to MYR66.8M.

Destinations In November 2024, Tractors were exported mostly to Mexico (MYR6.04M), Philippines (MYR2.14M), Indonesia (MYR1.93M), Guatemala (MYR1.92M), and Australia (MYR402k), and were imported mostly from China (MYR36.5M), Sweden (MYR7.26M), Japan (MYR6.71M), Brazil (MYR4.93M), and South Korea (MYR4.08M).

Growth In November 2024, the decrease in Tractors's year-by-year exports was explained primarily by a decrease in exports to Papua New Guinea (MYR-1M or -94.5%). In November 2024, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from Thailand (MYR-8.47M or -82.9%), India (MYR-3.79M or -66.6%), and Japan (MYR-1.71M or -15.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-9.96M(-42.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR-24.9M(-27.2%)
MAIN DESTINATION (November 2024)MexicoMYR6.04M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$94.9M
IMPORTS (2023)$195M
NET TRADE (2023)-$100M

In 2023, Malaysia exported $94.9M in Tractors. The main destinations of Malaysia exports on Tractors were United States ($23.7M), Singapore ($20.4M), South Korea ($9.15M), Chinese Taipei ($6.59M), and Australia ($4.84M).

In 2023, Malaysia imported $195M in Tractors, mainly from China ($82.5M), Sweden ($33.1M), Japan ($26.3M), Germany ($17.2M), and Netherlands ($8.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$23.7M (1%)
Colombia$4.16M (3.73k%)
Brazil$3.45M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Malaysia WERE (2022 - 2023):
Singapore-$8.79M (-30.1%)
Chinese Taipei-$3.61M (-35.4%)
Australia-$2.45M (-33.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Tractors were:
Mexico $14.1B
Germany $13.7B
Netherlands $7.47B
In 2023, Malaysia's main importing competitors in Tractors were:
United States $19B
Canada $5.94B
France $5.51B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $1.68M
TOP IMPORT POTENTIALGermany+ $12.2M

Tractors’s highest export potential is Australia. With an export gap of $1.68M.   Tractors’s highest import potential is Germany with an import gap of $12.2M.

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