Scrap Iron in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $134M in Scrap Iron, making it the 52nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 243rd most exported product in Malaysia. The main destination of Scrap Iron exports from Malaysia are: India ($80.5M), Singapore ($18.2M), Thailand ($7.28M), Indonesia ($6.08M), and Japan ($6.05M).

The fastest growing export markets for Scrap Iron of Malaysia between 2021 and 2022 were Thailand ($3.05M), Japan ($1.37M), and United States ($535k).

Imports In 2022, Malaysia imported $545M in Scrap Iron, becoming the 22nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 97th most imported product in Malaysia. Malaysia imports Scrap Iron primarily from: United States ($201M), Japan ($144M), Australia ($50.4M), Singapore ($38.7M), and United Kingdom ($25M).

The fastest growing import markets in Scrap Iron for Malaysia between 2021 and 2022 were Brazil ($2.6M), Australia ($1.62M), and Nicaragua ($276k).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Scrap Iron from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Scrap Iron exports accounted up to MYR88.5M and imports accounted up to MYR304M, resulting in a negative trade balance of MYR215M. Between September 2019 and September 2020 the exports of Malaysia's Scrap Iron have increased by MYR21.9M (32.9%) from MYR66.5M to MYR88.5M, while imports decreased by MYR-228M (-42.9%) from MYR532M to MYR304M.

Destinations In September 2020, Scrap Iron were exported mostly to India (MYR34.3M), Indonesia (MYR18.3M), China (MYR14.7M), Singapore (MYR7.77M), and Bangladesh (MYR3.96M), and were imported mostly from United States (MYR107M), Japan (MYR102M), Australia (MYR15.6M), Hong Kong (MYR11.6M), and United Kingdom (MYR11.6M).

Growth In September 2020, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR6.47M or 88.3%), China (MYR6.04M or 1.86k%), and South Korea (MYR2.81M or 352%). In September 2020, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from China (MYR-9.11M or -83.5%), Indonesia (MYR-2.77M or -90.3%), and India (MYR-900k or -37.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR21.9M(32.9%)

IMPORT GROWTH (September 2019 - September 2020)MYR-228M(-42.9%)

MAIN DESTINATION (September 2020)IndiaMYR34.3M

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$134M

IMPORTS (2022)$545M

NET TRADE (2022)-$411M

In 2022, Malaysia exported $134M in Scrap Iron. The main destinations of Malaysia exports on Scrap Iron were India ($80.5M), Singapore ($18.2M), Thailand ($7.28M), Indonesia ($6.08M), and Japan ($6.05M).

In 2022, Malaysia imported $545M in Scrap Iron, mainly from United States ($201M), Japan ($144M), Australia ($50.4M), Singapore ($38.7M), and United Kingdom ($25M).

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