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2022
Exports $63.1MWorld Rnk 11 / 84
Flag Rnk 340 / 1198
2022
Destination $5.89M Indonesia
2021 - 2022
FASTEST GROWING MARKET $5.89MSouth Korea
2022
PRODUCT COMPLEXITY IN Tug Boats-0.93Rnk 819 / 1025
2022
Imports $19.9MWorld Rnk 30 / 141
Flag Rnk 711 / 1203
2022
Origin $946k China
2021 - 2022
FASTEST GROWING ORIGIN $946kSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $63.1M in Tug Boats, making it the 11th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 340th most exported product in Malaysia. The main destination of Tug Boats exports from Malaysia are: Indonesia ($31.7M), Chinese Taipei ($6.41M), South Korea ($5.89M), Iraq ($4.82M), and Brunei ($3.87M).

The fastest growing export markets for Tug Boats of Malaysia between 2021 and 2022 were South Korea ($5.89M), Iraq ($4.82M), and Brunei ($3.87M).

Imports In 2022, Malaysia imported $19.9M in Tug Boats, becoming the 30th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 711th most imported product in Malaysia. Malaysia imports Tug Boats primarily from: China ($16.5M), Thailand ($2.39M), Singapore ($981k), and Indonesia ($55.2k).

The fastest growing import markets in Tug Boats for Malaysia between 2021 and 2022 were Singapore ($946k) and China ($461k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Tug Boats exports accounted up to MYR45.2M and imports accounted up to MYR584, resulting in a positive trade balance of MYR45.2M. Between June 2023 and June 2024 the exports of Malaysia's   Tug Boats have increased by MYR38.3M (556%) from MYR6.89M to MYR45.2M, while imports decreased by MYR-2.11M (-100%) from MYR2.11M to MYR584.

Destinations In June 2024, Tug Boats were exported mostly to Indonesia (MYR38.8M) and China (MYR6.39M), and were imported mostly from .

Growth In June 2024, the increase in Tug Boats's year-by-year exports was explained primarily by an increase in exports to . In November 2023, the decrease in Tug Boats's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR38.3M(556%)
IMPORT GROWTH (October 2019 - November 2023)MYR-2.11M(-100%)
MAIN DESTINATION (June 2024)IndonesiaMYR38.8M

This section shows Tug Boats'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 Tug Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$63.1M
IMPORTS (2022)$19.9M
NET TRADE (2022)$43.2M

In 2022, Malaysia exported $63.1M in Tug Boats. The main destinations of Malaysia exports on Tug Boats were Indonesia ($31.7M), Chinese Taipei ($6.41M), South Korea ($5.89M), Iraq ($4.82M), and Brunei ($3.87M).

In 2022, Malaysia imported $19.9M in Tug Boats, mainly from China ($16.5M), Thailand ($2.39M), Singapore ($981k), and Indonesia ($55.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
South Korea$5.89M (1%)
Iraq$4.82M (1%)
Brunei$3.87M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Malaysia WERE (2021 - 2022):
India-$31.9M (-98.8%)
United Arab Emirates-$20M (-100%)
Thailand-$14.3M (-94.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Tug Boats were:
China $444M
Qatar $340M
Singapore $339M
In 2022, Malaysia's main importing competitors in Tug Boats were:
United Arab Emirates $453M
India $364M
Singapore $195M

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $2.2M
TOP IMPORT POTENTIALThailand+ $299k

Tug Boats’s highest export potential is Singapore. With an export gap of $2.2M.   Tug Boats’s highest import potential is Thailand with an import gap of $299k.

See methodology.

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