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2022
Exports $16.6MWorld Rnk 35 / 204
Flag Rnk 558 / 1198
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Eyewear0.83Rnk 232 / 1025
2022
Imports $55.5MWorld Rnk 36 / 221
Flag Rnk 491 / 1203
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $16.6M in Eyewear, making it the 35th largest exporter of Eyewear in the world. At the same year, Eyewear was the 558th most exported product in Malaysia. The main destination of Eyewear exports from Malaysia are: United States ($3.95M), Singapore ($1.01M), Germany ($809k), United Kingdom ($797k), and Indonesia ($756k).

The fastest growing export markets for Eyewear of Malaysia between 2021 and 2022 were United States ($369k), Indonesia ($329k), and United Arab Emirates ($142k).

Imports In 2022, Malaysia imported $55.5M in Eyewear, becoming the 36th largest importer of Eyewear in the world. At the same year, Eyewear was the 491st most imported product in Malaysia. Malaysia imports Eyewear primarily from: China ($43.3M), Italy ($3.81M), Chinese Taipei ($2.07M), Hong Kong ($2.01M), and Singapore ($1.32M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Eyewear exports accounted up to MYR5.6M and imports accounted up to MYR23.5M, resulting in a negative trade balance of MYR17.9M. Between June 2023 and June 2024 the exports of Malaysia's   Eyewear have decreased by MYR-322k (-5.44%) from MYR5.92M to MYR5.6M, while imports increased by MYR11M (88.1%) from MYR12.5M to MYR23.5M.

Destinations In June 2024, Eyewear were exported mostly to Singapore (MYR768k), United States (MYR564k), South Korea (MYR504k), Indonesia (MYR430k), and Japan (MYR417k), and were imported mostly from Canada (MYR6.09M), China (MYR5.2M), Italy (MYR4.26M), South Korea (MYR1.49M), and Chinese Taipei (MYR1.27M).

Growth In June 2024, the decrease in Eyewear's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-755k or -70.8%), United Arab Emirates (MYR-304k or -84.5%), and United Kingdom (MYR-188k or -71%). In June 2024, the increase in Eyewear's year-by-year imports was explained primarily by an increase in imports from Italy (MYR1.8M or 83.7%), Chinese Taipei (MYR329k or 51.3%), and Japan (MYR269k or 86%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-322k(-5.44%)
IMPORT GROWTH (June 2023 - June 2024)MYR11M(88.1%)
MAIN DESTINATION (June 2024)SingaporeMYR768k

This section shows Eyewear'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 Eyewear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.6M
IMPORTS (2022)$55.5M
NET TRADE (2022)-$38.9M

In 2022, Malaysia exported $16.6M in Eyewear. The main destinations of Malaysia exports on Eyewear were United States ($3.95M), Singapore ($1.01M), Germany ($809k), United Kingdom ($797k), and Indonesia ($756k).

In 2022, Malaysia imported $55.5M in Eyewear, mainly from China ($43.3M), Italy ($3.81M), Chinese Taipei ($2.07M), Hong Kong ($2.01M), and Singapore ($1.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Eyewear EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$369k (10.3%)
Indonesia$329k (76.8%)
United Arab Emirates$142k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear BY Malaysia WERE (2021 - 2022):
Vietnam-$1.08M (-73.3%)
Japan-$1.05M (-68.8%)
Mexico-$631k (-73.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Eyewear were:
China $4.53B
Italy $3.48B
Chinese Taipei $521M
In 2022, Malaysia's main importing competitors in Eyewear were:
United States $3.04B
Germany $668M
France $666M

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Trade Value of Eyewear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.72M
TOP IMPORT POTENTIALChina+ $7.74M

Eyewear’s highest export potential is United States. With an export gap of $2.72M.   Eyewear’s highest import potential is China with an import gap of $7.74M.

See methodology.

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