Musical Instrument Parts in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $32.4M in Musical Instrument Parts, making it the 13th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 434th most exported product in Malaysia. The main destination of Musical Instrument Parts exports from Malaysia are: Japan ($6.07M), Belgium ($4.68M), United States ($4.58M), India ($2.98M), and Mexico ($2.08M).

The fastest growing export markets for Musical Instrument Parts of Malaysia between 2021 and 2022 were Mexico ($2.06M), Belgium ($1.53M), and India ($1.28M).

Imports In 2022, Malaysia imported $16.9M in Musical Instrument Parts, becoming the 22nd largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 746th most imported product in Malaysia. Malaysia imports Musical Instrument Parts primarily from: China ($9.47M), Indonesia ($1.79M), Chinese Taipei ($1.73M), United States ($865k), and Singapore ($837k).

The fastest growing import markets in Musical Instrument Parts for Malaysia between 2021 and 2022 were China ($3.03M), United Arab Emirates ($561k), and Singapore ($168k).

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Musical Instrument Parts exports accounted up to MYR10.3M and imports accounted up to MYR5.95M, resulting in a positive trade balance of MYR4.36M. Between September 2019 and September 2020 the exports of Malaysia's Musical Instrument Parts have increased by MYR4.46M (76.1%) from MYR5.86M to MYR10.3M, while imports increased by MYR2.58M (76.7%) from MYR3.37M to MYR5.95M.

Destinations In September 2020, Musical Instrument Parts were exported mostly to Belgium (MYR3.09M), United States (MYR2.38M), Japan (MYR2.33M), Canada (MYR573k), and China (MYR508k), and were imported mostly from Chinese Taipei (MYR1.69M), China (MYR1.5M), Indonesia (MYR1.23M), United States (MYR617k), and Japan (MYR505k).

Growth In September 2020, the increase in Musical Instrument Parts's year-by-year exports was explained primarily by an increase in exports to Japan (MYR1.29M or 251%), United States (MYR801k or 358%), and Belgium (MYR597k or 143%). In September 2020, the increase in Musical Instrument Parts's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR1.51M or 1.4k%), Chinese Taipei (MYR990k or 400%), and Thailand (MYR83.2k or 63%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR4.46M(76.1%)

IMPORT GROWTH (September 2019 - September 2020)MYR2.58M(76.7%)

MAIN DESTINATION (September 2020)BelgiumMYR3.09M

This section shows Musical Instrument Parts'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 Musical Instrument Parts over time.

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