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2022
Exports $1.77BWorld Rnk 6 / 215
Flag Rnk 28 / 1198
2022
Destination $30.4M United States
2021 - 2022
FASTEST GROWING MARKET $30.4MAustralia
2022
PRODUCT COMPLEXITY IN Electric Heaters0.46Rnk 379 / 1025
2022
Imports $607MWorld Rnk 28 / 224
Flag Rnk 85 / 1203
2022
Origin $33.6M China
2021 - 2022
FASTEST GROWING ORIGIN $33.6MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.77B in Electric Heaters, making it the 6th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 28th most exported product in Malaysia. The main destination of Electric Heaters exports from Malaysia are: United States ($366M), China ($152M), South Korea ($142M), Poland ($88.9M), and Australia ($70.6M).

The fastest growing export markets for Electric Heaters of Malaysia between 2021 and 2022 were Australia ($30.4M), Poland ($21.9M), and India ($15.2M).

Imports In 2022, Malaysia imported $607M in Electric Heaters, becoming the 28th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 85th most imported product in Malaysia. Malaysia imports Electric Heaters primarily from: China ($486M), Germany ($15.1M), Singapore ($13.3M), United States ($9.92M), and Vietnam ($9.73M).

The fastest growing import markets in Electric Heaters for Malaysia between 2021 and 2022 were China ($33.6M), Germany ($9.05M), and Italy ($5.06M).

COMPANIES In 2023, leading companies such as Samsung (28) and Electrolux (26) were at the forefront of shipping Electric Heaters from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Electric Heaters exports accounted up to MYR682M and imports accounted up to MYR162M, resulting in a positive trade balance of MYR521M. Between August 2023 and August 2024 the exports of Malaysia's   Electric Heaters have increased by MYR67.5M (11%) from MYR615M to MYR682M, while imports increased by MYR42.4M (35.5%) from MYR119M to MYR162M.

Destinations In August 2024, Electric Heaters were exported mostly to United States (MYR207M), Japan (MYR65.6M), South Korea (MYR38.8M), United Kingdom (MYR33.3M), and Netherlands (MYR24.5M), and were imported mostly from China (MYR109M), South Korea (MYR10.6M), Thailand (MYR6.79M), Singapore (MYR3.56M), and United States (MYR3.55M).

Growth In August 2024, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to China (MYR29.3M or 64.1%), United States (MYR25.9M or 26.7%), and Turkey (MYR21.3M or 434%). In August 2024, the increase in Electric Heaters's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR2.75M or 274%), United States (MYR2.49M or 114%), and France (MYR2.05M or 207%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR67.5M(11%)
IMPORT GROWTH (August 2023 - August 2024)MYR42.4M(35.5%)
MAIN DESTINATION (August 2024)United StatesMYR207M

This section shows Electric Heaters'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 Electric Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.77B
IMPORTS (2022)$607M
NET TRADE (2022)$1.17B

In 2022, Malaysia exported $1.77B in Electric Heaters. The main destinations of Malaysia exports on Electric Heaters were United States ($366M), China ($152M), South Korea ($142M), Poland ($88.9M), and Australia ($70.6M).

In 2022, Malaysia imported $607M in Electric Heaters, mainly from China ($486M), Germany ($15.1M), Singapore ($13.3M), United States ($9.92M), and Vietnam ($9.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Australia$30.4M (75.4%)
Poland$21.9M (32.6%)
India$15.2M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Malaysia WERE (2021 - 2022):
South Korea-$49.7M (-25.9%)
Russia-$45.8M (-71.6%)
China-$13.6M (-8.21%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Electric Heaters were:
China $31.5B
Germany $5.3B
Italy $2.96B
In 2022, Malaysia's main importing competitors in Electric Heaters were:
United States $12.8B
Germany $6.24B
France $3.15B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76M
TOP IMPORT POTENTIALChina+ $70.7M

Electric Heaters’s highest export potential is United States. With an export gap of $76M.   Electric Heaters’s highest import potential is China with an import gap of $70.7M.

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