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2022
Exports $51.2MWorld Rnk 42 / 167
Flag Rnk 367 / 1198
2022
Destination $9.85MN/A
2021 - 2022
FASTEST GROWING MARKET $9.85MChinese Taipei
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $236MWorld Rnk 51 / 215
Flag Rnk 209 / 1203
2022
Origin $66.5M China
2021 - 2022
FASTEST GROWING ORIGIN $66.5MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

The fastest growing export markets for Tractors of Malaysia between 2021 and 2022 were Chinese Taipei ($9.85M), Australia ($5.66M), and Singapore ($4.1M).

Imports In 2022, Malaysia imported $236M in Tractors, becoming the 51st largest importer of Tractors in the world. At the same year, Tractors was the 209th most imported product in Malaysia. Malaysia imports Tractors primarily from: China ($125M), Japan ($30.8M), Sweden ($21.4M), Germany ($21.2M), and Thailand ($9.33M).

The fastest growing import markets in Tractors for Malaysia between 2021 and 2022 were China ($66.5M), Japan ($10.3M), and Sweden ($6.66M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Tractors exports accounted up to MYR11.2M and imports accounted up to MYR47.8M, resulting in a negative trade balance of MYR36.6M. Between June 2023 and June 2024 the exports of Malaysia's   Tractors have decreased by MYR-46.3M (-80.5%) from MYR57.6M to MYR11.2M, while imports decreased by MYR-17.2M (-26.5%) from MYR65M to MYR47.8M.

Destinations In June 2024, Tractors were exported mostly to United Arab Emirates (MYR6.55M), Chinese Taipei (MYR4.05M), Indonesia (MYR295k), Brunei (MYR175k), and Thailand (MYR139k), and were imported mostly from China (MYR24.6M), Japan (MYR7.45M), Sweden (MYR7.32M), Brazil (MYR3.45M), and India (MYR2.02M).

Growth In June 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 June 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 (June 2023 - June 2024)MYR-46.3M(-80.5%)
IMPORT GROWTH (June 2023 - June 2024)MYR-17.2M(-26.5%)
MAIN DESTINATION (June 2024)United Arab EmiratesMYR6.55M

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 (2022)$51.2M
IMPORTS (2022)$236M
NET TRADE (2022)-$185M

In 2022, Malaysia imported $236M in Tractors, mainly from China ($125M), Japan ($30.8M), Sweden ($21.4M), Germany ($21.2M), and Thailand ($9.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Chinese Taipei$9.85M (2.84k%)
Australia$5.66M (183%)
Singapore$4.1M (59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Malaysia WERE (2021 - 2022):
Vietnam-$4.52M (-85.2%)
Sri Lanka-$3.49M (-100%)
Iran-$2.98M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Malaysia's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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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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