Electric Batteries in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $1.71B in Electric Batteries, making it the 11th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 29th most exported product in Malaysia. The main destination of Electric Batteries exports from Malaysia are: United States ($437M), China ($244M), Hong Kong ($243M), Vietnam ($165M), and Mexico ($140M).

The fastest growing export markets for Electric Batteries of Malaysia between 2021 and 2022 were United States ($137M), China ($125M), and Mexico ($110M).

Imports In 2022, Malaysia imported $1.2B in Electric Batteries, becoming the 23rd largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 35th most imported product in Malaysia. Malaysia imports Electric Batteries primarily from: China ($617M), Singapore ($125M), Chinese Taipei ($79.4M), South Korea ($62.3M), and Philippines ($54.3M).

The fastest growing import markets in Electric Batteries for Malaysia between 2021 and 2022 were China ($237M), Chinese Taipei ($30.9M), and Germany ($8.86M).

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Electric Batteries exports accounted up to MYR370M and imports accounted up to MYR177M, resulting in a positive trade balance of MYR192M. Between September 2019 and September 2020 the exports of Malaysia's Electric Batteries have increased by MYR62M (20.1%) from MYR308M to MYR370M, while imports increased by MYR18.5M (11.6%) from MYR159M to MYR177M.

Destinations In September 2020, Electric Batteries were exported mostly to Hong Kong (MYR96.7M), Vietnam (MYR84.7M), China (MYR45.9M), United States (MYR30M), and Germany (MYR19.5M), and were imported mostly from China (MYR56.9M), Philippines (MYR21.9M), Thailand (MYR18.3M), South Korea (MYR12.3M), and India (MYR11.7M).

Growth In September 2020, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to United States (MYR102M or 1.69k%), South Korea (MYR29.5M or 76.3%), and Singapore (MYR5.57M or 77.7%). In September 2020, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (MYR8.69M or 44.5%), Philippines (MYR5.65M or 34.4%), and South Korea (MYR3.2M or 19.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR62M(20.1%)

IMPORT GROWTH (September 2019 - September 2020)MYR18.5M(11.6%)

MAIN DESTINATION (September 2020)Hong KongMYR96.7M

This section shows Electric Batteries'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 Electric Batteries over time.

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