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2023
Exports $2.59BWorld Rnk 19 / 223
Flag Rnk 15 / 21
2023
Destination $13.1M Japan
2022 - 2023
FASTEST GROWING MARKET $13.1MTurkey
2023
PRODUCT COMPLEXITY IN Wood Products0.31Rnk 454 / 1025
2023
Imports $984MWorld Rnk 30 / 226
Flag Rnk 19 / 21
2023
Origin $20.3M China
2022 - 2023
FASTEST GROWING ORIGIN $20.3MThailand
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $2.59B in Wood Products, making it the 19th largest exporter of Wood Products in the world. At the same year, Wood Products was the 15th most exported product in Malaysia. The main destination of Wood Products exports from Malaysia are: Japan ($601M), United States ($315M), India ($208M), Singapore ($170M), and Netherlands ($133M).

The fastest growing export markets for Wood Products of Malaysia between 2022 and 2023 were Turkey ($13.1M), France ($7.4M), and Mauritius ($2.67M).

Imports In 2023, Malaysia imported $984M in Wood Products, becoming the 30th largest importer of Wood Products in the world. At the same year, Wood Products was the 19th most imported product in Malaysia. Malaysia imports Wood Products primarily from: China ($262M), Indonesia ($206M), Vietnam ($160M), Thailand ($137M), and New Zealand ($20.1M).

The fastest growing import markets in Wood Products for Malaysia between 2022 and 2023 were Thailand ($20.3M), Uruguay ($6.96M), and Cameroon ($4.25M).

COMPANIES In 2023, leading companies such as Lollicup (7), ReaderLink (6), and Coaster Fine Furniture (2) were at the forefront of shipping Wood Products from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Wood Products exports accounted up to MYR830M and imports accounted up to MYR452M, resulting in a positive trade balance of MYR378M. Between November 2023 and November 2024 the exports of Malaysia's   Wood Products have decreased by MYR-48.5M (-5.52%) from MYR878M to MYR830M, while imports increased by MYR14.3M (3.26%) from MYR438M to MYR452M.

Destinations In November 2024, Wood Products were exported mostly to Japan (MYR209M), United States (MYR133M), India (MYR84.8M), China (MYR54.8M), and Singapore (MYR49M), and were imported mostly from China (MYR148M), Indonesia (MYR96.3M), Vietnam (MYR68.6M), Thailand (MYR57.9M), and New Zealand (MYR19.1M).

Growth In November 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-153M or -69.6%), Japan (MYR-98.7M or -36.3%), and China (MYR-20.8M or -44%). In November 2024, the increase in Wood Products's year-by-year imports was explained primarily by an increase in imports from Australia (MYR19M or 348%), Canada (MYR2.21M or 150%), and Uruguay (MYR2M or 173%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-48.5M(-5.52%)
IMPORT GROWTH (November 2023 - November 2024)MYR14.3M(3.26%)
MAIN DESTINATION (November 2024)JapanMYR209M

This section shows Wood Products'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 Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.59B
IMPORTS (2023)$984M
NET TRADE (2023)$1.61B

In 2023, Malaysia exported $2.59B in Wood Products. The main destinations of Malaysia exports on Wood Products were Japan ($601M), United States ($315M), India ($208M), Singapore ($170M), and Netherlands ($133M).

In 2023, Malaysia imported $984M in Wood Products, mainly from China ($262M), Indonesia ($206M), Vietnam ($160M), Thailand ($137M), and New Zealand ($20.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Turkey$13.1M (507%)
France$7.4M (25.5%)
Mauritius$2.67M (34.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Malaysia WERE (2022 - 2023):
Japan-$239M (-28.5%)
United States-$216M (-40.6%)
South Korea-$71.1M (-44%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Wood Products were:
China $15.6B
Canada $13.6B
Germany $10.8B
In 2023, Malaysia's main importing competitors in Wood Products were:
United States $24.8B
China $17.1B
Japan $9.87B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $126M
TOP IMPORT POTENTIALIndonesia+ $53.5M

Wood Products’s highest export potential is China. With an export gap of $126M.   Wood Products’s highest import potential is Indonesia with an import gap of $53.5M.

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