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2022
Exports $7.53MWorld Rnk 38 / 180
Flag Rnk 674 / 1198
2022
Destination $427k Australia
2021 - 2022
FASTEST GROWING MARKET $427kPhilippines
2022
PRODUCT COMPLEXITY IN Tufted Carpets0.096Rnk 524 / 1025
2022
Imports $76.6MWorld Rnk 23 / 215
Flag Rnk 421 / 1203
2022
Origin $9.76M China
2021 - 2022
FASTEST GROWING ORIGIN $9.76MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $7.53M in Tufted Carpets, making it the 38th largest exporter of Tufted Carpets in the world. At the same year, Tufted Carpets was the 674th most exported product in Malaysia. The main destination of Tufted Carpets exports from Malaysia are: Australia ($2.58M), Vietnam ($1.06M), Singapore ($1.01M), Philippines ($490k), and Thailand ($478k).

The fastest growing export markets for Tufted Carpets of Malaysia between 2021 and 2022 were Philippines ($427k), Chinese Taipei ($116k), and Mozambique ($113k).

Imports In 2022, Malaysia imported $76.6M in Tufted Carpets, becoming the 23rd largest importer of Tufted Carpets in the world. At the same year, Tufted Carpets was the 421st most imported product in Malaysia. Malaysia imports Tufted Carpets primarily from: China ($63.8M), India ($2.34M), Indonesia ($1.91M), Germany ($1.88M), and Thailand ($1.06M).

The fastest growing import markets in Tufted Carpets for Malaysia between 2021 and 2022 were China ($9.76M), India ($433k), and Germany ($267k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Tufted Carpets exports accounted up to MYR3.06M and imports accounted up to MYR12.4M, resulting in a negative trade balance of MYR9.37M. Between September 2023 and September 2024 the exports of Malaysia's   Tufted Carpets have increased by MYR775k (33.9%) from MYR2.29M to MYR3.06M, while imports decreased by MYR-1.4M (-10.2%) from MYR13.8M to MYR12.4M.

Destinations In September 2024, Tufted Carpets were exported mostly to Indonesia (MYR873k), Japan (MYR589k), Vietnam (MYR362k), Singapore (MYR350k), and Australia (MYR338k), and were imported mostly from China (MYR9.04M), Germany (MYR864k), Vietnam (MYR430k), Indonesia (MYR373k), and Belgium (MYR346k).

Growth In September 2024, the increase in Tufted Carpets's year-by-year exports was explained primarily by an increase in exports to Philippines (MYR610k or 1.1k%), Singapore (MYR485k or 130%), and Brunei (MYR123k or 314%). In September 2024, the decrease in Tufted Carpets's year-by-year imports was explained primarily by a decrease in imports from China (MYR-4.62M or -26.1%), Indonesia (MYR-1.03M or -88.2%), and India (MYR-468k or -68.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR775k(33.9%)
IMPORT GROWTH (September 2023 - September 2024)MYR-1.4M(-10.2%)
MAIN DESTINATION (September 2024)IndonesiaMYR873k

This section shows Tufted Carpets'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 Tufted Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.53M
IMPORTS (2022)$76.6M
NET TRADE (2022)-$69.1M

In 2022, Malaysia exported $7.53M in Tufted Carpets. The main destinations of Malaysia exports on Tufted Carpets were Australia ($2.58M), Vietnam ($1.06M), Singapore ($1.01M), Philippines ($490k), and Thailand ($478k).

In 2022, Malaysia imported $76.6M in Tufted Carpets, mainly from China ($63.8M), India ($2.34M), Indonesia ($1.91M), Germany ($1.88M), and Thailand ($1.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tufted Carpets EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$427k (673%)
Chinese Taipei$116k (107%)
Mozambique$113k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tufted Carpets BY Malaysia WERE (2021 - 2022):
India-$8.66M (-96.1%)
China-$1.44M (-94%)
Australia-$1.06M (-29.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tufted Carpets were:
China $1.51B
Netherlands $933M
Belgium $844M
In 2022, Malaysia's main importing competitors in Tufted Carpets were:
United States $1.05B
United Kingdom $793M
Germany $526M

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Trade Value of Tufted Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $525k
TOP IMPORT POTENTIALIndia+ $2.7M

Tufted Carpets’s highest export potential is Japan. With an export gap of $525k.   Tufted Carpets’s highest import potential is India with an import gap of $2.7M.

See methodology.

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