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2022
Exports $71.7MWorld Rnk 19 / 123
Flag Rnk 321 / 1198
2022
Destination $7.01M Japan
2021 - 2022
FASTEST GROWING MARKET $7.01MJapan
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $152MWorld Rnk 18 / 197
Flag Rnk 280 / 1203
2022
Origin $8.26M Japan
2021 - 2022
FASTEST GROWING ORIGIN $8.26MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $71.7M in Petroleum Resins, making it the 19th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 321st most exported product in Malaysia. The main destination of Petroleum Resins exports from Malaysia are: Japan ($25.8M), China ($11M), Thailand ($9.38M), South Korea ($5.11M), and India ($4.68M).

The fastest growing export markets for Petroleum Resins of Malaysia between 2021 and 2022 were Japan ($7.01M), Thailand ($640k), and Vietnam ($455k).

Imports In 2022, Malaysia imported $152M in Petroleum Resins, becoming the 18th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 280th most imported product in Malaysia. Malaysia imports Petroleum Resins primarily from: Japan ($51.7M), China ($38.8M), United States ($24.4M), Singapore ($9.44M), and South Korea ($9.09M).

The fastest growing import markets in Petroleum Resins for Malaysia between 2021 and 2022 were United States ($8.26M), Japan ($3.95M), and South Korea ($1.45M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Petroleum Resins exports accounted up to MYR21M and imports accounted up to MYR44.5M, resulting in a negative trade balance of MYR23.5M. Between June 2023 and June 2024 the exports of Malaysia's   Petroleum Resins have increased by MYR2.11M (11.1%) from MYR18.9M to MYR21M, while imports increased by MYR7.2M (19.3%) from MYR37.3M to MYR44.5M.

Destinations In June 2024, Petroleum Resins were exported mostly to Thailand (MYR5.81M), China (MYR5.35M), India (MYR4.34M), Indonesia (MYR783k), and Singapore (MYR739k), and were imported mostly from China (MYR17.6M), Japan (MYR10.3M), Singapore (MYR5.24M), Chinese Taipei (MYR3.56M), and Germany (MYR1.59M).

Growth In June 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to China (MYR616k or 18.9%), South Korea (MYR289k or 14.8%), and Philippines (MYR120k or 21%). In June 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Japan (MYR9.22M or 112%), Canada (MYR287k or 359%), and Italy (MYR139k or 16%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR2.11M(11.1%)
IMPORT GROWTH (June 2023 - June 2024)MYR7.2M(19.3%)
MAIN DESTINATION (June 2024)ThailandMYR5.81M

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.7M
IMPORTS (2022)$152M
NET TRADE (2022)-$80.1M

In 2022, Malaysia exported $71.7M in Petroleum Resins. The main destinations of Malaysia exports on Petroleum Resins were Japan ($25.8M), China ($11M), Thailand ($9.38M), South Korea ($5.11M), and India ($4.68M).

In 2022, Malaysia imported $152M in Petroleum Resins, mainly from Japan ($51.7M), China ($38.8M), United States ($24.4M), Singapore ($9.44M), and South Korea ($9.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Japan$7.01M (37.3%)
Thailand$640k (7.33%)
Vietnam$455k (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Malaysia WERE (2021 - 2022):
China-$2.56M (-18.9%)
Indonesia-$980k (-21.1%)
Hong Kong-$725k (-33.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Malaysia's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.8M
TOP IMPORT POTENTIALChina+ $6.53M

Petroleum Resins’s highest export potential is China. With an export gap of $6.8M.   Petroleum Resins’s highest import potential is China with an import gap of $6.53M.

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