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2022
Exports $8.45MWorld Rnk 32 / 142
Flag Rnk 658 / 1198
2022
Destination $1.2M Laos
2021 - 2022
FASTEST GROWING MARKET $1.2MLaos
2022
PRODUCT COMPLEXITY IN Synthetic Fabrics-0.0088Rnk 549 / 1025
2022
Imports $15.3MWorld Rnk 50 / 208
Flag Rnk 766 / 1203
2022
Origin $2.42M China
2021 - 2022
FASTEST GROWING ORIGIN $2.42MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $8.45M in Synthetic Fabrics, making it the 32nd largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 658th most exported product in Malaysia. The main destination of Synthetic Fabrics exports from Malaysia are: Laos ($3.36M), United States ($1.92M), Turkey ($852k), Japan ($665k), and Vietnam ($501k).

The fastest growing export markets for Synthetic Fabrics of Malaysia between 2021 and 2022 were Laos ($1.2M), Turkey ($669k), and United States ($223k).

Imports In 2022, Malaysia imported $15.3M in Synthetic Fabrics, becoming the 50th largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 766th most imported product in Malaysia. Malaysia imports Synthetic Fabrics primarily from: China ($8.91M), Vietnam ($1.89M), Japan ($1.76M), Spain ($729k), and India ($593k).

The fastest growing import markets in Synthetic Fabrics for Malaysia between 2021 and 2022 were China ($2.42M), Vietnam ($828k), and Spain ($253k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Synthetic Fabrics exports accounted up to MYR1.69M and imports accounted up to MYR923k, resulting in a positive trade balance of MYR762k. Between June 2023 and June 2024 the exports of Malaysia's   Synthetic Fabrics have decreased by MYR-1.19M (-41.4%) from MYR2.88M to MYR1.69M, while imports decreased by MYR-1.98M (-68.2%) from MYR2.9M to MYR923k.

Destinations In June 2024, Synthetic Fabrics were exported mostly to Laos (MYR1.21M), Burma (MYR198k), Estonia (MYR130k), Japan (MYR125k), and Thailand (MYR6.72k), and were imported mostly from China (MYR576k), Vietnam (MYR167k), Indonesia (MYR72.3k), Hong Kong (MYR56.6k), and Japan (MYR37.3k).

Growth In June 2024, the decrease in Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to Laos (MYR-1.25M or -87%), Vietnam (MYR-676k or -58.8%), and Japan (MYR-49.7k or -14.5%). In June 2024, the decrease in Synthetic Fabrics's year-by-year imports was explained primarily by a decrease in imports from Spain (MYR-251k or -67.8%), Chinese Taipei (MYR-18.1k or -23.8%), and Thailand (MYR-5.28k or -80.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-1.19M(-41.4%)
IMPORT GROWTH (June 2023 - June 2024)MYR-1.98M(-68.2%)
MAIN DESTINATION (June 2024)LaosMYR1.21M

This section shows Synthetic Fabrics'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 Synthetic Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.45M
IMPORTS (2022)$15.3M
NET TRADE (2022)-$6.81M

In 2022, Malaysia exported $8.45M in Synthetic Fabrics. The main destinations of Malaysia exports on Synthetic Fabrics were Laos ($3.36M), United States ($1.92M), Turkey ($852k), Japan ($665k), and Vietnam ($501k).

In 2022, Malaysia imported $15.3M in Synthetic Fabrics, mainly from China ($8.91M), Vietnam ($1.89M), Japan ($1.76M), Spain ($729k), and India ($593k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Laos$1.2M (55.8%)
Turkey$669k (366%)
United States$223k (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY Malaysia WERE (2021 - 2022):
Hong Kong-$228k (-100%)
Indonesia-$221k (-78.2%)
Thailand-$103k (-71.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Synthetic Fabrics were:
China $1.42B
United States $264M
Germany $165M
In 2022, Malaysia's main importing competitors in Synthetic Fabrics were:
Vietnam $384M
Morocco $237M
Mexico $179M

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Trade Value of Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $460k
TOP IMPORT POTENTIALChina+ $2.39M

Synthetic Fabrics’s highest export potential is Vietnam. With an export gap of $460k.   Synthetic Fabrics’s highest import potential is China with an import gap of $2.39M.

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