2022
Exports
$8.58MWorld Rnk 28 / 194
Flag Rnk 657 / 1198
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$15.9MWorld Rnk 26 / 217
Flag Rnk 757 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia
1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $8.58M in Wood Ornaments, making it the 28th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 657th most exported product in Malaysia. The main destination of Wood Ornaments exports from Malaysia are: Japan ($5.02M), Singapore ($2.23M), Australia ($254k), United States ($249k), and Indonesia ($128k).

The fastest growing export markets for Wood Ornaments of Malaysia between 2021 and 2022 were Japan ($1.64M), Singapore ($933k), and Australia ($176k).

Imports In 2022, Malaysia imported $15.9M in Wood Ornaments, becoming the 26th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 757th most imported product in Malaysia. Malaysia imports Wood Ornaments primarily from: China ($13.1M), Indonesia ($895k), Brazil ($250k), Singapore ($206k), and India ($197k).

The fastest growing import markets in Wood Ornaments for Malaysia between 2021 and 2022 were Indonesia ($406k), Brazil ($147k), and Vietnam ($112k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR847k(37.9%)
IMPORT GROWTH (June 2023 - June 2024)MYR8.52k(0.61%)
MAIN DESTINATION (June 2024)JapanMYR2.13M

This section shows Wood Ornaments'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 Wood Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.58M
IMPORTS (2022)$15.9M
NET TRADE (2022)-$7.31M

In 2022, Malaysia exported $8.58M in Wood Ornaments. The main destinations of Malaysia exports on Wood Ornaments were Japan ($5.02M), Singapore ($2.23M), Australia ($254k), United States ($249k), and Indonesia ($128k).

In 2022, Malaysia imported $15.9M in Wood Ornaments, mainly from China ($13.1M), Indonesia ($895k), Brazil ($250k), Singapore ($206k), and India ($197k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$1.64M (48.6%)
Singapore$933k (71.7%)
Australia$176k (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Malaysia WERE (2021 - 2022):
Hong Kong-$120k (-69.1%)
Germany-$40.3k (-57%)
Poland-$35.7k (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Malaysia's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $712k
TOP IMPORT POTENTIALChina+ $2.23M

Wood Ornaments’s highest export potential is United States. With an export gap of $712k.   Wood Ornaments’s highest import potential is China with an import gap of $2.23M.

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