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2022
Exports $136MWorld Rnk 12 / 182
Flag Rnk 242 / 1198
2022
Destination $5.12M Japan
2021 - 2022
FASTEST GROWING MARKET $5.12MHong Kong
2022
PRODUCT COMPLEXITY IN Electromagnets1.02Rnk 163 / 1025
2022
Imports $250MWorld Rnk 14 / 216
Flag Rnk 197 / 1203
2022
Origin $35.4M China
2021 - 2022
FASTEST GROWING ORIGIN $35.4MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $136M in Electromagnets, making it the 12th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 242nd most exported product in Malaysia. The main destination of Electromagnets exports from Malaysia are: Japan ($45M), Thailand ($23.7M), China ($10.9M), Hong Kong ($9.99M), and Switzerland ($8.31M).

The fastest growing export markets for Electromagnets of Malaysia between 2021 and 2022 were Hong Kong ($5.12M), Japan ($4.73M), and Germany ($1.82M).

Imports In 2022, Malaysia imported $250M in Electromagnets, becoming the 14th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 197th most imported product in Malaysia. Malaysia imports Electromagnets primarily from: China ($114M), Japan ($82.4M), Vietnam ($18.7M), Thailand ($12.6M), and Philippines ($3.64M).

The fastest growing import markets in Electromagnets for Malaysia between 2021 and 2022 were China ($35.4M), Japan ($16.8M), and Spain ($1.84M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Electromagnets exports accounted up to MYR30.4M and imports accounted up to MYR67.8M, resulting in a negative trade balance of MYR37.5M. Between June 2023 and June 2024 the exports of Malaysia's   Electromagnets have decreased by MYR-20.2M (-40%) from MYR50.6M to MYR30.4M, while imports increased by MYR2.19M (3.33%) from MYR65.6M to MYR67.8M.

Destinations In June 2024, Electromagnets were exported mostly to Japan (MYR9.23M), China (MYR4.56M), Thailand (MYR3.17M), United States (MYR2.59M), and Vietnam (MYR2.18M), and were imported mostly from China (MYR34M), Japan (MYR19.5M), Thailand (MYR3.29M), Singapore (MYR2.96M), and Chinese Taipei (MYR1.37M).

Growth In June 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Germany (MYR-12.6M or -96.6%), Philippines (MYR-8.56M or -86%), and United States (MYR-8.01M or -90.3%). In June 2024, the increase in Electromagnets's year-by-year imports was explained primarily by an increase in imports from Vietnam (MYR10.2M or 891%), Switzerland (MYR389k or 869%), and United Kingdom (MYR304k or 66.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-20.2M(-40%)
IMPORT GROWTH (June 2023 - June 2024)MYR2.19M(3.33%)
MAIN DESTINATION (June 2024)JapanMYR9.23M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$136M
IMPORTS (2022)$250M
NET TRADE (2022)-$114M

In 2022, Malaysia exported $136M in Electromagnets. The main destinations of Malaysia exports on Electromagnets were Japan ($45M), Thailand ($23.7M), China ($10.9M), Hong Kong ($9.99M), and Switzerland ($8.31M).

In 2022, Malaysia imported $250M in Electromagnets, mainly from China ($114M), Japan ($82.4M), Vietnam ($18.7M), Thailand ($12.6M), and Philippines ($3.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Hong Kong$5.12M (105%)
Japan$4.73M (11.8%)
Germany$1.82M (45.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Malaysia WERE (2021 - 2022):
Thailand-$12.2M (-33.9%)
Philippines-$10.2M (-58.3%)
China-$3.58M (-24.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Malaysia's main importing competitors in Electromagnets were:
Germany $1.58B
United States $1.51B
Japan $1.04B

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.89M
TOP IMPORT POTENTIALChina+ $18.2M

Electromagnets’s highest export potential is China. With an export gap of $7.89M.   Electromagnets’s highest import potential is China with an import gap of $18.2M.

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