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2022
Exports $443kWorld Rnk 42 / 113
Flag Rnk 1020 / 1198
2022
Destination $147k Singapore
2021 - 2022
FASTEST GROWING MARKET $147kSingapore
2022
Imports $4.8MWorld Rnk 21 / 161
Flag Rnk 941 / 1203
2022
Origin $1.44M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.44MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $443k in Parachutes, making it the 42nd largest exporter of Parachutes in the world. At the same year, Parachutes was the 1020th most exported product in Malaysia. The main destination of Parachutes exports from Malaysia are: Singapore ($150k), United States ($131k), United Kingdom ($58k), Vietnam ($30.8k), and Denmark ($27.9k).

The fastest growing export markets for Parachutes of Malaysia between 2021 and 2022 were Singapore ($147k), United States ($131k), and United Kingdom ($58k).

Imports In 2022, Malaysia imported $4.8M in Parachutes, becoming the 21st largest importer of Parachutes in the world. At the same year, Parachutes was the 941st most imported product in Malaysia. Malaysia imports Parachutes primarily from: United States ($1.69M), South Korea ($1.67M), United Kingdom ($633k), Singapore ($343k), and India ($151k).

The fastest growing import markets in Parachutes for Malaysia between 2021 and 2022 were United States ($1.44M), United Kingdom ($633k), and South Korea ($336k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Parachutes exports accounted up to MYR8.01k and imports accounted up to MYR123k, resulting in a negative trade balance of MYR115k. Between June 2023 and June 2024 the exports of Malaysia's   Parachutes have decreased by MYR-306k (-97.4%) from MYR314k to MYR8.01k, while imports increased by MYR58.5k (90.6%) from MYR64.6k to MYR123k.

Destinations In June 2024, Parachutes were exported mostly to N/A, and were imported mostly from United States (MYR55.5k), United Kingdom (MYR41.2k), and Japan (MYR26.5k).

Growth In June 2024, the decrease in Parachutes's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Parachutes's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-306k(-97.4%)
IMPORT GROWTH (June 2023 - June 2024)MYR58.5k(90.6%)

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$443k
IMPORTS (2022)$4.8M
NET TRADE (2022)-$4.36M

In 2022, Malaysia exported $443k in Parachutes. The main destinations of Malaysia exports on Parachutes were Singapore ($150k), United States ($131k), United Kingdom ($58k), Vietnam ($30.8k), and Denmark ($27.9k).

In 2022, Malaysia imported $4.8M in Parachutes, mainly from United States ($1.69M), South Korea ($1.67M), United Kingdom ($633k), Singapore ($343k), and India ($151k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$147k (5.54k%)
United States$131k (1%)
United Kingdom$58k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY Malaysia WERE (2021 - 2022):
Germany-$5.32k (-100%)
South Korea-$2.86k (-84.7%)
Australia-$1.98k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Parachutes were:
United States $127M
Vietnam $37.5M
United Kingdom $29.9M
In 2022, Malaysia's main importing competitors in Parachutes were:
United States $57.3M
France $43.1M
Germany $39.7M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.2k
TOP IMPORT POTENTIALChina+ $76.7k

Parachutes’s highest export potential is United States. With an export gap of $52.2k.   Parachutes’s highest import potential is China with an import gap of $76.7k.

See methodology.

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