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2022
Exports $825kWorld Rnk 32 / 140
Flag Rnk 964 / 1198
2022
Destination $153k United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $153kUnited Arab Emirates
2022
Imports $11.5MWorld Rnk 9 / 211
Flag Rnk 809 / 1203
2022
Origin $300k China
2021 - 2022
FASTEST GROWING ORIGIN $300kJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $825k in Time Recording Instruments, making it the 32nd largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 964th most exported product in Malaysia. The main destination of Time Recording Instruments exports from Malaysia are: United Arab Emirates ($154k), Chile ($92.2k), Japan ($65.5k), Vietnam ($63.2k), and United States ($55.7k).

The fastest growing export markets for Time Recording Instruments of Malaysia between 2021 and 2022 were United Arab Emirates ($153k), Chile ($91.5k), and Japan ($55.4k).

Imports In 2022, Malaysia imported $11.5M in Time Recording Instruments, becoming the 9th largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 809th most imported product in Malaysia. Malaysia imports Time Recording Instruments primarily from: China ($10M), Japan ($395k), Chinese Taipei ($303k), United States ($210k), and Netherlands ($174k).

The fastest growing import markets in Time Recording Instruments for Malaysia between 2021 and 2022 were Japan ($300k), United States ($181k), and Netherlands ($144k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Time Recording Instruments exports accounted up to MYR41.6k and imports accounted up to MYR135k, resulting in a negative trade balance of MYR93.8k. Between June 2023 and June 2024 the exports of Malaysia's   Time Recording Instruments have decreased by MYR-78.1k (-65.2%) from MYR120k to MYR41.6k, while imports decreased by MYR-3.19k (-2.3%) from MYR139k to MYR135k.

Destinations In June 2024, Time Recording Instruments were exported mostly to Singapore (MYR17.8k), Hong Kong (MYR9.37k), Lithuania (MYR6.38k), Indonesia (MYR1.9k), and Japan (MYR1.4k), and were imported mostly from China (MYR89.5k), United States (MYR29.9k), Japan (MYR11.8k), United Kingdom (MYR1.11k), and Singapore (MYR1.02k).

Growth In June 2024, the decrease in Time Recording Instruments's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-70.7k or -99.9%). In June 2024, the decrease in Time Recording Instruments's year-by-year imports was explained primarily by a decrease in imports from China (MYR-34.8k or -57%), Germany (MYR-21.3k or -97.9%), and United States (MYR-20k or -81.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-78.1k(-65.2%)
IMPORT GROWTH (June 2023 - June 2024)MYR-3.19k(-2.3%)
MAIN DESTINATION (June 2024)SingaporeMYR17.8k

This section shows Time Recording Instruments'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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$825k
IMPORTS (2022)$11.5M
NET TRADE (2022)-$10.6M

In 2022, Malaysia exported $825k in Time Recording Instruments. The main destinations of Malaysia exports on Time Recording Instruments were United Arab Emirates ($154k), Chile ($92.2k), Japan ($65.5k), Vietnam ($63.2k), and United States ($55.7k).

In 2022, Malaysia imported $11.5M in Time Recording Instruments, mainly from China ($10M), Japan ($395k), Chinese Taipei ($303k), United States ($210k), and Netherlands ($174k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United Arab Emirates$153k (9.88k%)
Chile$91.5k (14.7k%)
Japan$55.4k (546%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY Malaysia WERE (2021 - 2022):
Singapore-$7.17k (-21%)
Maldives-$6.65k (-100%)
Russia-$6.17k (-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 Time Recording Instruments were:
China $168M
France $41.2M
United States $24.5M
In 2022, Malaysia's main importing competitors in Time Recording Instruments were:
United States $54.5M
Germany $34.3M
Japan $34M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $58.3k
TOP IMPORT POTENTIALUnited States+ $95.9k

Time Recording Instruments’s highest export potential is United States. With an export gap of $58.3k.   Time Recording Instruments’s highest import potential is United States with an import gap of $95.9k.

See methodology.

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