Waxes in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $180M in Waxes, making it the 6th largest exporter of Waxes in the world. At the same year, Waxes was the 202nd most exported product in Malaysia. The main destination of Waxes exports from Malaysia are: China ($78.4M), United States ($12.8M), Belgium ($11.7M), Thailand ($10.2M), and Japan ($7.4M).

The fastest growing export markets for Waxes of Malaysia between 2021 and 2022 were China ($7.77M), Belgium ($2.78M), and Netherlands ($2.31M).

Imports In 2022, Malaysia imported $31.3M in Waxes, becoming the 27th largest importer of Waxes in the world. At the same year, Waxes was the 613th most imported product in Malaysia. Malaysia imports Waxes primarily from: Thailand ($5.26M), South Korea ($5.22M), China ($4.94M), Singapore ($2.9M), and Germany ($2.45M).

The fastest growing import markets in Waxes for Malaysia between 2021 and 2022 were China ($1.52M), Germany ($681k), and Thailand ($412k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Waxes exports accounted up to MYR46.7M and imports accounted up to MYR14.4M, resulting in a positive trade balance of MYR32.2M. Between June 2023 and June 2024 the exports of Malaysia's Waxes have decreased by MYR-3.67M (-7.29%) from MYR50.3M to MYR46.7M, while imports increased by MYR5.64M (64.2%) from MYR8.79M to MYR14.4M.

Destinations In June 2024, Waxes were exported mostly to China (MYR21.6M), Thailand (MYR3.18M), United States (MYR3.06M), Belgium (MYR2.56M), and Vietnam (MYR1.52M), and were imported mostly from Singapore (MYR1.92M), South Korea (MYR1.9M), Germany (MYR1.81M), China (MYR1.74M), and Chinese Taipei (MYR1.69M).

Growth In June 2024, the decrease in Waxes's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-2.17M or -36.6%), Turkey (MYR-1.24M or -41.4%), and Japan (MYR-1.02M or -39.6%). In June 2024, the increase in Waxes's year-by-year imports was explained primarily by an increase in imports from China (MYR1.78M or 81.6%), Singapore (MYR1.4M or 500%), and Italy (MYR533k or 646%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR-3.67M(-7.29%)

IMPORT GROWTH (June 2023 - June 2024)MYR5.64M(64.2%)

MAIN DESTINATION (June 2024)ChinaMYR21.6M

This section shows Waxes'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 Waxes over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$180M

IMPORTS (2022)$31.3M

NET TRADE (2022)$149M

In 2022, Malaysia exported $180M in Waxes. The main destinations of Malaysia exports on Waxes were China ($78.4M), United States ($12.8M), Belgium ($11.7M), Thailand ($10.2M), and Japan ($7.4M).

In 2022, Malaysia imported $31.3M in Waxes, mainly from Thailand ($5.26M), South Korea ($5.22M), China ($4.94M), Singapore ($2.9M), and Germany ($2.45M).

Explore Visualizations