Malaysia | Imports and Exports | World | Parts and accessories of the motor vehicles of headings 8701 to 8705 | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
| Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| 8708. Parts and accessories of the motor vehicles of headings 87.01 to 87.05 | Malaysia | World | Exports | Value (US$) | 870,001,695.00 | 879,021,833.00 | 828,673,922.00 | 770,050,501.00 | 772,233,166.00 | 782,855,070.70 | 839,510,343.40 | 1,070,881,100.13 | 962,175,726.60 | 1,163,452,773.02 | 1,181,684,212.89 | 1,153,698,347.25 |
| Value Growth, YoY (%) | 5.38 | 1.03 | -5.72 | -7.07 | 0.28 | 1.37 | 7.23 | 27.56 | -10.15 | 20.91 | 1.56 | -2.36 | ||||
| Imports | Value (US$) | 2,111,486,818.00 | 2,129,913,936.00 | 2,317,692,599.00 | 2,417,191,172.00 | 2,270,487,170.00 | 2,329,409,462.14 | 2,516,888,637.22 | 2,649,064,221.88 | 2,170,125,294.63 | 2,724,811,906.44 | 3,705,840,848.76 | 4,045,554,350.66 | |||
| Value Growth, YoY (%) | 25.73 | 0.87 | 8.81 | 4.29 | -6.06 | 2.59 | 8.04 | 5.25 | -18.07 | 25.56 | 36.00 | 9.16 |
The value of exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from Malaysia totalled $ 1.15 billion in 2023. Sales of commodity group 8708 from Malaysia decreased by 2.36% in value terms compared to 2022. exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" decreased by $ 27 million (cumulative exports of commodity group 8708 from Malaysia amounted $1.18 billion in 2022)
Exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" amounted to 0.369% of total exports from Malaysia (cumulative merchandise exports from Malaysia totalled $ 312 billion in 2023). The share of commodity group 8708 in total exports from Malaysia increased by 0.033 p.p. compared to 2022 (it was 0.335% in 2022 and cumulative exports from Malaysia were equal to $ 352 billion).
Exports of commodity group 8708 amounted to 51% of total sales of group "" from Malaysia in 2023 (the value of exports of commodity group from Malaysia amounted to $2.22 billion in 2023). The share of exports of commodity group 8708 in sales of commodity group from Malaysia increased by 6.67 p.p. compared to 2022 (it was 45% in 2022, and exports of commodity group from Malaysia were $2.61 billion).
Where does Malaysia export Parts and accessories of the motor vehicles of headings 87.01 to 87.05?
Top export destinations of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from Malaysia in 2023:
- Singapore with a share of 13% (150 million US$)
- Thailand with a share of 11.7% (135 million US$)
- Australia with a share of 11% (127 million US$)
- USA with a share of 7.48% (86 million US$)
- Other Asia, nes with a share of 7.32% (84 million US$)
- Hong Kong with a share of 5.93% (68 million US$)
- Indonesia with a share of 5.8% (66 million US$)
- Germany with a share of 4.5% (51 million US$)
- Japan with a share of 4.1% (47 million US$)
- China with a share of 3.9% (45 million US$)
Exports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - from Malaysia in 2023 represented by the following main commodity groups:
- 26% (306 million US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 25% (289 million US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
- 15.1% (174 million US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 8.97% (103 million US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 8.01% (92 million US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 4.12% (47 million US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 1.75% (20 million US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 1.73% (20 million US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 0.784% (9.05 million US$): 870891 - Vehicles; parts, radiators
- 0.694% (8.01 million US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
The value of imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" to Malaysia totalled $ 4.04 billion in 2023. Sales of commodity group 8708 to Malaysia went up by 9.16% compared to 2022: imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 339 million (the value of imports of commodity group 8708 to Malaysia was equal to $3.7 billion in 2022)
Imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" accounted for 1.52% of total import flow to Malaysia (in 2023, total imports to Malaysia amounted to $ 265 billion). The share of commodity group 8708 in total imports to Malaysia increased by 0.263 p.p. compared to 2022 (it was 1.25% in 2022 and cumulative imports to Malaysia were equal to $ 294 billion).
Imports of commodity group 8708 reached 49% of total imports of group "" to Malaysia in 2023 (imports of commodity group to Malaysia totalled $8.24 billion in 2023). The share of purchases of commodity group 8708 in imports of commodity group to Malaysia went down by 0.788 p.p. compared to 2022 (it was 49% in 2022, and imports of commodity group to Malaysia accounted for $7.43 billion).
Where does Malaysia import Parts and accessories of the motor vehicles of headings 87.01 to 87.05 from?
Top trading partners (import of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05") of Malaysia in 2023:
- Thailand with a share of 26% (1.09 billion US$)
- Japan with a share of 19% (772 million US$)
- Germany with a share of 17.7% (718 million US$)
- China with a share of 16% (651 million US$)
- Indonesia with a share of 9.79% (396 million US$)
- Singapore with a share of 2.42% (98 million US$)
- USA with a share of 1.6% (64 million US$)
- Korea with a share of 1.22% (49 million US$)
- Belgium - 27 million US$
- United Kingdom - 19.8 million US$
Imports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - to Malaysia in 2023 represented by the following main commodity groups:
- 27% (1.11 billion US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 20% (810 million US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 12.9% (523 million US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 8.36% (338 million US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
- 5.81% (235 million US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 4.3% (174 million US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 4.25% (172 million US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 2.99% (121 million US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 1.94% (78 million US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
- 1.46% (59 million US$): 870893 - Vehicle parts; clutches and parts thereof
