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2022
Exports $20.1MWorld Rnk 29 / 181
Flag Rnk 526 / 1198
2022
Destination $9.44M United States
2021 - 2022
FASTEST GROWING MARKET $9.44MUnited States
2022
PRODUCT COMPLEXITY IN Medical Furniture0.86Rnk 222 / 1025
2022
Imports $37.3MWorld Rnk 31 / 217
Flag Rnk 580 / 1203
2022
Origin $4.05M China
2021 - 2022
FASTEST GROWING ORIGIN $4.05MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $20.1M in Medical Furniture, making it the 29th largest exporter of Medical Furniture in the world. At the same year, Medical Furniture was the 526th most exported product in Malaysia. The main destination of Medical Furniture exports from Malaysia are: United States ($12.9M), Singapore ($891k), Sweden ($772k), Canada ($582k), and Botswana ($531k).

The fastest growing export markets for Medical Furniture of Malaysia between 2021 and 2022 were United States ($9.44M), Canada ($532k), and Botswana ($531k).

Imports In 2022, Malaysia imported $37.3M in Medical Furniture, becoming the 31st largest importer of Medical Furniture in the world. At the same year, Medical Furniture was the 580th most imported product in Malaysia. Malaysia imports Medical Furniture primarily from: China ($26.9M), Germany ($1.97M), Chinese Taipei ($1.18M), Vietnam ($1.16M), and Italy ($1.11M).

The fastest growing import markets in Medical Furniture for Malaysia between 2021 and 2022 were China ($4.05M), Italy ($639k), and Sweden ($351k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Medical Furniture exports accounted up to MYR1.07M and imports accounted up to MYR12.4M, resulting in a negative trade balance of MYR11.3M. Between June 2023 and June 2024 the exports of Malaysia's   Medical Furniture have increased by MYR210k (24.3%) from MYR862k to MYR1.07M, while imports decreased by MYR-8.72M (-41.3%) from MYR21.1M to MYR12.4M.

Destinations In June 2024, Medical Furniture were exported mostly to Bangladesh (MYR517k), Hong Kong (MYR181k), Singapore (MYR180k), Australia (MYR124k), and Papua New Guinea (MYR21.3k), and were imported mostly from China (MYR8.23M), Czechia (MYR796k), Germany (MYR734k), United States (MYR642k), and India (MYR550k).

Growth In June 2024, the increase in Medical Furniture's year-by-year exports was explained primarily by an increase in exports to Australia (MYR267k or 4.27k%) and Japan (MYR56.9k or 325%). In June 2024, the decrease in Medical Furniture's year-by-year imports was explained primarily by a decrease in imports from France (MYR-830k or -81.9%), United States (MYR-190k or -36.7%), and Singapore (MYR-39.1k or -66.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR210k(24.3%)
IMPORT GROWTH (June 2023 - June 2024)MYR-8.72M(-41.3%)
MAIN DESTINATION (June 2024)BangladeshMYR517k

This section shows Medical Furniture'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 Medical Furniture over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.1M
IMPORTS (2022)$37.3M
NET TRADE (2022)-$17.2M

In 2022, Malaysia exported $20.1M in Medical Furniture. The main destinations of Malaysia exports on Medical Furniture were United States ($12.9M), Singapore ($891k), Sweden ($772k), Canada ($582k), and Botswana ($531k).

In 2022, Malaysia imported $37.3M in Medical Furniture, mainly from China ($26.9M), Germany ($1.97M), Chinese Taipei ($1.18M), Vietnam ($1.16M), and Italy ($1.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Furniture EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$9.44M (273%)
Canada$532k (1.08k%)
Botswana$531k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Furniture BY Malaysia WERE (2021 - 2022):
Singapore-$760k (-46%)
Ethiopia-$552k (-100%)
Philippines-$445k (-83.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Medical Furniture were:
China $1.47B
United States $710M
Germany $616M
In 2022, Malaysia's main importing competitors in Medical Furniture were:
United States $1.2B
Germany $363M
Canada $293M

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Trade Value of Medical Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $803k
TOP IMPORT POTENTIALChina+ $2.17M

Medical Furniture’s highest export potential is Singapore. With an export gap of $803k.   Medical Furniture’s highest import potential is China with an import gap of $2.17M.

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