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2022
Exports $1.18BWorld Rnk 6 / 206
Flag Rnk 45 / 1198
2022
Destination $233M Singapore
2021 - 2022
FASTEST GROWING MARKET $233MSingapore
2022
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts0.9Rnk 210 / 1025
2022
Imports $573MWorld Rnk 21 / 220
Flag Rnk 93 / 1203
2022
Origin $72.5M China
2021 - 2022
FASTEST GROWING ORIGIN $72.5MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.18B in Bi-Wheel Vehicle Parts, making it the 6th largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 45th most exported product in Malaysia. The main destination of Bi-Wheel Vehicle Parts exports from Malaysia are: Singapore ($672M), Germany ($167M), Chinese Taipei ($31M), United States ($23.6M), and Spain ($21M).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Malaysia between 2021 and 2022 were Singapore ($233M), Germany ($151M), and Spain ($18.8M).

Imports In 2022, Malaysia imported $573M in Bi-Wheel Vehicle Parts, becoming the 21st largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 93rd most imported product in Malaysia. Malaysia imports Bi-Wheel Vehicle Parts primarily from: China ($278M), Indonesia ($151M), Vietnam ($44.8M), Thailand ($32.2M), and Japan ($24.7M).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Malaysia between 2021 and 2022 were China ($72.5M), Indonesia ($37.5M), and Vietnam ($10.8M).

COMPANIES In 2023, leading companies such as Motorola (47) and SKF Group (1) were at the forefront of shipping Bi-Wheel Vehicle Parts from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Bi-Wheel Vehicle Parts exports accounted up to MYR128M and imports accounted up to MYR70M, resulting in a positive trade balance of MYR58.5M. Between June 2023 and June 2024 the exports of Malaysia's   Bi-Wheel Vehicle Parts have decreased by MYR-78.7M (-38%) from MYR207M to MYR128M, while imports decreased by MYR-1.81M (-2.52%) from MYR71.8M to MYR70M.

Destinations In June 2024, Bi-Wheel Vehicle Parts were exported mostly to Singapore (MYR103M), Indonesia (MYR3.88M), Thailand (MYR3.69M), Brazil (MYR3.68M), and Japan (MYR3.19M), and were imported mostly from China (MYR19.4M), Indonesia (MYR17M), Vietnam (MYR16.2M), Thailand (MYR8M), and Japan (MYR3.56M).

Growth In June 2024, the decrease in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-49.7M or -23.5%), Thailand (MYR-5.66M or -51.2%), and Japan (MYR-3.52M or -68.9%). In June 2024, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from China (MYR-6.55M or -18.3%), Thailand (MYR-4.3M or -29.4%), and Japan (MYR-3.98M or -56.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-78.7M(-38%)
IMPORT GROWTH (June 2023 - June 2024)MYR-1.81M(-2.52%)
MAIN DESTINATION (June 2024)SingaporeMYR103M

This section shows Bi-Wheel Vehicle Parts'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 Bi-Wheel Vehicle Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.18B
IMPORTS (2022)$573M
NET TRADE (2022)$606M

In 2022, Malaysia exported $1.18B in Bi-Wheel Vehicle Parts. The main destinations of Malaysia exports on Bi-Wheel Vehicle Parts were Singapore ($672M), Germany ($167M), Chinese Taipei ($31M), United States ($23.6M), and Spain ($21M).

In 2022, Malaysia imported $573M in Bi-Wheel Vehicle Parts, mainly from China ($278M), Indonesia ($151M), Vietnam ($44.8M), Thailand ($32.2M), and Japan ($24.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$233M (53.2%)
Germany$151M (894%)
Spain$18.8M (832%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Malaysia WERE (2021 - 2022):
Japan-$8.93M (-51.4%)
Philippines-$3.37M (-48%)
China-$1.99M (-18.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Bi-Wheel Vehicle Parts were:
China $12B
Chinese Taipei $5.97B
Japan $2.21B
In 2022, Malaysia's main importing competitors in Bi-Wheel Vehicle Parts were:
Germany $4.18B
United States $2.41B
Netherlands $1.58B

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $25.4M
TOP IMPORT POTENTIALChina+ $43.8M

Bi-Wheel Vehicle Parts’s highest export potential is Indonesia. With an export gap of $25.4M.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $43.8M.

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