Iron Fasteners in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $397M in Iron Fasteners, making it the 22nd largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 116th most exported product in Malaysia. The main destination of Iron Fasteners exports from Malaysia are: Singapore ($63.7M), Thailand ($60M), Germany ($46.1M), United States ($37.1M), and Turkey ($21.2M).

The fastest growing export markets for Iron Fasteners of Malaysia between 2021 and 2022 were United States ($11.4M), Germany ($8.77M), and Italy ($3.8M).

Imports In 2022, Malaysia imported $618M in Iron Fasteners, becoming the 26th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 84th most imported product in Malaysia. Malaysia imports Iron Fasteners primarily from: China ($279M), Singapore ($127M), Japan ($48.8M), United States ($33.6M), and Thailand ($20.2M).

The fastest growing import markets in Iron Fasteners for Malaysia between 2021 and 2022 were China ($85.3M), Singapore ($68.5M), and Indonesia ($9.61M).

Latest Trends

March 2024

About

Overview In March 2024 Malaysia's Iron Fasteners exports accounted up to MYR121M and imports accounted up to MYR218M, resulting in a negative trade balance of MYR96.8M. Between March 2023 and March 2024 the exports of Malaysia's Iron Fasteners have decreased by MYR-7.23M (-5.62%) from MYR129M to MYR121M, while imports decreased by MYR-10.4M (-4.54%) from MYR229M to MYR218M.

Destinations In March 2024, Iron Fasteners were exported mostly to Singapore (MYR20.3M), Thailand (MYR18.6M), United States (MYR16.3M), Qatar (MYR6.22M), and Germany (MYR6.09M), and were imported mostly from China (MYR64.5M), Singapore (MYR53.5M), Japan (MYR21.2M), United States (MYR18M), and Chinese Taipei (MYR8.94M).

Growth In March 2024, the decrease in Iron Fasteners's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-2.84M or -13%), Thailand (MYR-2.55M or -13.6%), and Japan (MYR-2.13M or -29.2%). In March 2024, the decrease in Iron Fasteners's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-2.94M or -11.1%), Denmark (MYR-1.32M or -99.4%), and India (MYR-1.1M or -69.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR-7.23M(-5.62%)

IMPORT GROWTH (March 2023 - March 2024)MYR-10.4M(-4.54%)

MAIN DESTINATION (March 2024)SingaporeMYR20.3M

This section shows Iron Fasteners'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 Iron Fasteners over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$397M

IMPORTS (2022)$618M

NET TRADE (2022)-$220M

In 2022, Malaysia exported $397M in Iron Fasteners. The main destinations of Malaysia exports on Iron Fasteners were Singapore ($63.7M), Thailand ($60M), Germany ($46.1M), United States ($37.1M), and Turkey ($21.2M).

In 2022, Malaysia imported $618M in Iron Fasteners, mainly from China ($279M), Singapore ($127M), Japan ($48.8M), United States ($33.6M), and Thailand ($20.2M).

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