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2022
Exports $34.7MWorld Rnk 33 / 120
Flag Rnk 425 / 1198
2022
Destination $5.41M Thailand
2021 - 2022
FASTEST GROWING MARKET $5.41MQatar
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $252MWorld Rnk 32 / 201
Flag Rnk 192 / 1203
2022
Origin $11.6M Japan
2021 - 2022
FASTEST GROWING ORIGIN $11.6MSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $34.7M in Flat Flat-Rolled Steel, making it the 33rd largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 425th most exported product in Malaysia. The main destination of Flat Flat-Rolled Steel exports from Malaysia are: Thailand ($5.64M), Singapore ($5.48M), Qatar ($5.41M), United Arab Emirates ($4.25M), and Philippines ($3.88M).

The fastest growing export markets for Flat Flat-Rolled Steel of Malaysia between 2021 and 2022 were Qatar ($5.41M), Iraq ($3.83M), and Thailand ($3.57M).

Imports In 2022, Malaysia imported $252M in Flat Flat-Rolled Steel, becoming the 32nd largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 192nd most imported product in Malaysia. Malaysia imports Flat Flat-Rolled Steel primarily from: Japan ($83.6M), China ($59.8M), Singapore ($42.9M), Chinese Taipei ($15.3M), and Vietnam ($14.7M).

The fastest growing import markets in Flat Flat-Rolled Steel for Malaysia between 2021 and 2022 were Singapore ($11.6M), Chinese Taipei ($10.4M), and Denmark ($2.68M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Flat Flat-Rolled Steel exports accounted up to MYR6.65M and imports accounted up to MYR58.5M, resulting in a negative trade balance of MYR51.8M. Between June 2023 and June 2024 the exports of Malaysia's   Flat Flat-Rolled Steel have increased by MYR3.65M (122%) from MYR3M to MYR6.65M, while imports decreased by MYR-7.41M (-11.2%) from MYR65.9M to MYR58.5M.

Destinations In June 2024, Flat Flat-Rolled Steel were exported mostly to Burma (MYR2.99M), Singapore (MYR2.24M), Chinese Taipei (MYR1.32M), Indonesia (MYR89k), and Maldives (MYR7.2k), and were imported mostly from China (MYR17.6M), Singapore (MYR17M), Japan (MYR9.35M), Sweden (MYR5.7M), and Vietnam (MYR3.4M).

Growth In June 2024, the increase in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR876k or 50%). In June 2024, the decrease in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by a decrease in imports from China (MYR-43.7M or -72.3%), Vietnam (MYR-12.1M or -76%), and South Korea (MYR-8.46M or -72.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR3.65M(122%)
IMPORT GROWTH (June 2023 - June 2024)MYR-7.41M(-11.2%)
MAIN DESTINATION (June 2024)BurmaMYR2.99M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.7M
IMPORTS (2022)$252M
NET TRADE (2022)-$217M

In 2022, Malaysia exported $34.7M in Flat Flat-Rolled Steel. The main destinations of Malaysia exports on Flat Flat-Rolled Steel were Thailand ($5.64M), Singapore ($5.48M), Qatar ($5.41M), United Arab Emirates ($4.25M), and Philippines ($3.88M).

In 2022, Malaysia imported $252M in Flat Flat-Rolled Steel, mainly from Japan ($83.6M), China ($59.8M), Singapore ($42.9M), Chinese Taipei ($15.3M), and Vietnam ($14.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Qatar$5.41M (1%)
Iraq$3.83M (1%)
Thailand$3.57M (173%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Malaysia WERE (2021 - 2022):
China-$9.88M (-99.3%)
Yemen-$5.11M (-100%)
United Arab Emirates-$4.07M (-48.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, Malaysia's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $4.73M
TOP IMPORT POTENTIALChina+ $23.3M

Flat Flat-Rolled Steel’s highest export potential is Thailand. With an export gap of $4.73M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $23.3M.

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