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2022
Exports $2.3MWorld Rnk 43 / 200
Flag Rnk 857 / 1198
2022
Destination $314k United States
2021 - 2022
FASTEST GROWING MARKET $314kUnited States
2022
PRODUCT COMPLEXITY IN Wrenches1.67Rnk 30 / 1025
2022
Imports $26.6MWorld Rnk 31 / 219
Flag Rnk 641 / 1203
2022
Origin $4.28M China
2021 - 2022
FASTEST GROWING ORIGIN $4.28MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.3M in Wrenches, making it the 43rd largest exporter of Wrenches in the world. At the same year, Wrenches was the 857th most exported product in Malaysia. The main destination of Wrenches exports from Malaysia are: United States ($454k), Singapore ($277k), Thailand ($247k), Germany ($184k), and Philippines ($168k).

The fastest growing export markets for Wrenches of Malaysia between 2021 and 2022 were United States ($314k), Thailand ($136k), and Philippines ($120k).

Imports In 2022, Malaysia imported $26.6M in Wrenches, becoming the 31st largest importer of Wrenches in the world. At the same year, Wrenches was the 641st most imported product in Malaysia. Malaysia imports Wrenches primarily from: China ($18.7M), Chinese Taipei ($1.98M), United States ($1.34M), Japan ($857k), and India ($789k).

The fastest growing import markets in Wrenches for Malaysia between 2021 and 2022 were China ($4.28M), United States ($601k), and Singapore ($252k).

COMPANIES In 2023, leading companies such as Motorola (15), Design Within Reach (4), and Coaster Fine Furniture (1) were at the forefront of shipping Wrenches from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Wrenches exports accounted up to MYR1.13M and imports accounted up to MYR7.86M, resulting in a negative trade balance of MYR6.73M. Between June 2023 and June 2024 the exports of Malaysia's   Wrenches have decreased by MYR-11.2k (-0.98%) from MYR1.14M to MYR1.13M, while imports increased by MYR802k (11.4%) from MYR7.06M to MYR7.86M.

Destinations In June 2024, Wrenches were exported mostly to United States (MYR575k), Singapore (MYR204k), Thailand (MYR155k), Philippines (MYR72.5k), and Indonesia (MYR23.1k), and were imported mostly from China (MYR3.46M), United States (MYR1.49M), Chinese Taipei (MYR486k), India (MYR446k), and Singapore (MYR421k).

Growth In June 2024, the decrease in Wrenches's year-by-year exports was explained primarily by a decrease in exports to Germany (MYR-130k or -92.8%), Indonesia (MYR-41.3k or -82.1%), and Singapore (MYR-37.1k or -46.9%). In June 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Japan (MYR3.24M or 657%), China (MYR606k or 17%), and United States (MYR591k or 95.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-11.2k(-0.98%)
IMPORT GROWTH (June 2023 - June 2024)MYR802k(11.4%)
MAIN DESTINATION (June 2024)United StatesMYR575k

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.3M
IMPORTS (2022)$26.6M
NET TRADE (2022)-$24.3M

In 2022, Malaysia exported $2.3M in Wrenches. The main destinations of Malaysia exports on Wrenches were United States ($454k), Singapore ($277k), Thailand ($247k), Germany ($184k), and Philippines ($168k).

In 2022, Malaysia imported $26.6M in Wrenches, mainly from China ($18.7M), Chinese Taipei ($1.98M), United States ($1.34M), Japan ($857k), and India ($789k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$314k (224%)
Thailand$136k (122%)
Philippines$120k (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Malaysia WERE (2021 - 2022):
United Kingdom-$96.5k (-98.4%)
Papua New Guinea-$53.3k (-81.5%)
Singapore-$46.3k (-14.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Wrenches were:
China $1.41B
Chinese Taipei $1.02B
Germany $349M
In 2022, Malaysia's main importing competitors in Wrenches were:
United States $923M
Germany $325M
France $152M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $348k
TOP IMPORT POTENTIALChina+ $1.8M

Wrenches’s highest export potential is United States. With an export gap of $348k.   Wrenches’s highest import potential is China with an import gap of $1.8M.

See methodology.

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