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2022
Exports $20.6MWorld Rnk 21 / 84
Flag Rnk 520 / 1198
2022
Destination $7.79M Pakistan
2021 - 2022
FASTEST GROWING MARKET $7.79MIndia
2022
PRODUCT COMPLEXITY IN Scrap Vessels-1.24Rnk 890 / 1025
2022
Imports $583kWorld Rnk 25 / 100
Flag Rnk 1106 / 1203
2022
Origin $260k South Korea
2021 - 2022
FASTEST GROWING ORIGIN $260kSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $20.6M in Scrap Vessels, making it the 21st largest exporter of Scrap Vessels in the world. At the same year, Scrap Vessels was the 520th most exported product in Malaysia. The main destination of Scrap Vessels exports from Malaysia are: Pakistan ($11.3M), India ($9.18M), Australia ($48.4k), Malaysia ($26.6k), and Indonesia ($8.98k).

The fastest growing export markets for Scrap Vessels of Malaysia between 2021 and 2022 were India ($7.79M), Australia ($48.4k), and Malaysia ($26.6k).

Imports In 2022, Malaysia imported $583k in Scrap Vessels, becoming the 25th largest importer of Scrap Vessels in the world. At the same year, Scrap Vessels was the 1106th most imported product in Malaysia. Malaysia imports Scrap Vessels primarily from: South Korea ($260k), China ($161k), United States ($94.3k), Malaysia ($26.6k), and Singapore ($21.4k).

The fastest growing import markets in Scrap Vessels for Malaysia between 2021 and 2022 were South Korea ($260k), China ($149k), and Malaysia ($26.6k).

Latest Trends

May 2024

About

Overview In May 2024 Malaysia's Scrap Vessels exports accounted up to MYR299k and imports accounted up to MYR330, resulting in a positive trade balance of MYR299k. Between September 2020 and May 2024 the exports of Malaysia's   Scrap Vessels have increased by MYR242k (422%) from MYR57.2k to MYR299k, while imports decreased by MYR-93.6k (-99.6%) from MYR93.9k to MYR330.

Destinations In May 2024, Scrap Vessels were exported mostly to , and were imported mostly from Argentina (MYR330).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - May 2024)MYR242k(422%)
IMPORT GROWTH (June 2022 - June 2024)MYR-93.6k(-99.6%)
MAIN DESTINATION (May 2024)

This section shows Scrap Vessels'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 Scrap Vessels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.6M
IMPORTS (2022)$583k
NET TRADE (2022)$20M

In 2022, Malaysia exported $20.6M in Scrap Vessels. The main destinations of Malaysia exports on Scrap Vessels were Pakistan ($11.3M), India ($9.18M), Australia ($48.4k), Malaysia ($26.6k), and Indonesia ($8.98k).

In 2022, Malaysia imported $583k in Scrap Vessels, mainly from South Korea ($260k), China ($161k), United States ($94.3k), Malaysia ($26.6k), and Singapore ($21.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Vessels EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
India$7.79M (562%)
Australia$48.4k (1%)
Malaysia$26.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Vessels BY Malaysia WERE (2021 - 2022):
Pakistan-$31.8M (-73.7%)
Papua New Guinea-$973k (-100%)
Indonesia-$57.2k (-86.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Scrap Vessels were:
Thailand $271M
South Korea $195M
Japan $175M
In 2022, Malaysia's main importing competitors in Scrap Vessels were:
India $713M
Thailand $257M
Pakistan $240M

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Trade Value of Scrap Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.6M
TOP IMPORT POTENTIALSouth Korea+ $393k

Scrap Vessels’s highest export potential is India. With an export gap of $2.6M.   Scrap Vessels’s highest import potential is South Korea with an import gap of $393k.

See methodology.

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