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2022
Exports $2.85MWorld Rnk 40 / 174
Flag Rnk 826 / 1198
2022
Destination $450k Turkey
2021 - 2022
FASTEST GROWING MARKET $450kSingapore
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $43.8MWorld Rnk 23 / 218
Flag Rnk 544 / 1203
2022
Origin $24.7M China
2021 - 2022
FASTEST GROWING ORIGIN $24.7MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.85M in Umbrellas, making it the 40th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 826th most exported product in Malaysia. The main destination of Umbrellas exports from Malaysia are: Turkey ($1.36M), Singapore ($692k), Canada ($284k), Indonesia ($72.8k), and Chinese Taipei ($67.1k).

The fastest growing export markets for Umbrellas of Malaysia between 2021 and 2022 were Singapore ($450k), Canada ($283k), and Portugal ($58.1k).

Imports In 2022, Malaysia imported $43.8M in Umbrellas, becoming the 23rd largest importer of Umbrellas in the world. At the same year, Umbrellas was the 544th most imported product in Malaysia. Malaysia imports Umbrellas primarily from: China ($43.3M), Germany ($138k), India ($128k), Singapore ($59.9k), and Cambodia ($40.6k).

The fastest growing import markets in Umbrellas for Malaysia between 2021 and 2022 were China ($24.7M), India ($104k), and France ($28.4k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Umbrellas exports accounted up to MYR2.12M and imports accounted up to MYR3.64M, resulting in a negative trade balance of MYR1.52M. Between August 2023 and August 2024 the exports of Malaysia's   Umbrellas have increased by MYR1.38M (184%) from MYR746k to MYR2.12M, while imports increased by MYR1.44M (65.3%) from MYR2.2M to MYR3.64M.

Destinations In August 2024, Umbrellas were exported mostly to Singapore (MYR214k), Australia (MYR177k), India (MYR80.4k), Philippines (MYR70.7k), and Hong Kong (MYR31.8k), and were imported mostly from China (MYR3.45M), Belgium (MYR49.9k), Singapore (MYR41.9k), South Korea (MYR22.7k), and Japan (MYR17.6k).

Growth In August 2024, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR32.9k or 130%), Brunei (MYR29.3k or 293%), and Singapore (MYR25.3k or 25.5%). In August 2024, the increase in Umbrellas's year-by-year imports was explained primarily by an increase in imports from China (MYR535k or 27.2%), Cambodia (MYR78.5k or 150%), and India (MYR33.4k or 152%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR1.38M(184%)
IMPORT GROWTH (August 2023 - August 2024)MYR1.44M(65.3%)
MAIN DESTINATION (August 2024)SingaporeMYR214k

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.85M
IMPORTS (2022)$43.8M
NET TRADE (2022)-$41M

In 2022, Malaysia exported $2.85M in Umbrellas. The main destinations of Malaysia exports on Umbrellas were Turkey ($1.36M), Singapore ($692k), Canada ($284k), Indonesia ($72.8k), and Chinese Taipei ($67.1k).

In 2022, Malaysia imported $43.8M in Umbrellas, mainly from China ($43.3M), Germany ($138k), India ($128k), Singapore ($59.9k), and Cambodia ($40.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$450k (186%)
Canada$283k (61.5k%)
Portugal$58.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Malaysia WERE (2021 - 2022):
Brunei-$283k (-92.8%)
China-$231k (-99.8%)
Australia-$194k (-81.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, Malaysia's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $121k
TOP IMPORT POTENTIALChina+ $735k

Umbrellas’s highest export potential is Indonesia. With an export gap of $121k.   Umbrellas’s highest import potential is China with an import gap of $735k.

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