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2022
Exports $1.45BWorld Rnk 3 / 126
Flag Rnk 38 / 1198
2022
Destination $156M Belgium
2021 - 2022
FASTEST GROWING MARKET $156MBelgium
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.34Rnk 659 / 1025
2022
Imports $217MWorld Rnk 28 / 210
Flag Rnk 221 / 1203
2022
Origin $5.62M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $5.62MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.45B in Hot-Rolled Iron Bars, making it the 3rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 38th most exported product in Malaysia. The main destination of Hot-Rolled Iron Bars exports from Malaysia are: Belgium ($236M), Philippines ($170M), United States ($139M), Thailand ($128M), and Burma ($110M).

The fastest growing export markets for Hot-Rolled Iron Bars of Malaysia between 2021 and 2022 were Belgium ($156M), United States ($139M), and Burma ($101M).

Imports In 2022, Malaysia imported $217M in Hot-Rolled Iron Bars, becoming the 28th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 221st most imported product in Malaysia. Malaysia imports Hot-Rolled Iron Bars primarily from: South Korea ($63.6M), Japan ($52M), Vietnam ($41.4M), Singapore ($20.2M), and China ($11.5M).

The fastest growing import markets in Hot-Rolled Iron Bars for Malaysia between 2021 and 2022 were China ($5.62M), Thailand ($3M), and Chinese Taipei ($382k).

COMPANIES In 2023, leading companies such as Motorola (1) were at the forefront of shipping Hot-Rolled Iron Bars from Malaysia to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Hot-Rolled Iron Bars exports accounted up to MYR300M and imports accounted up to MYR132M, resulting in a positive trade balance of MYR168M. Between August 2023 and August 2024 the exports of Malaysia's   Hot-Rolled Iron Bars have decreased by MYR-168M (-35.9%) from MYR469M to MYR300M, while imports increased by MYR57.7M (77.5%) from MYR74.5M to MYR132M.

Destinations In August 2024, Hot-Rolled Iron Bars were exported mostly to Thailand (MYR136M), Mexico (MYR54.7M), Singapore (MYR47.9M), Canada (MYR19.5M), and Australia (MYR5.09M), and were imported mostly from Indonesia (MYR44.1M), South Korea (MYR43.1M), Thailand (MYR11.4M), Vietnam (MYR10.1M), and Japan (MYR9.91M).

Growth In August 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-224M or -95.4%), South Korea (MYR-96.5M or -91.3%), and Thailand (MYR-95.9M or -67.7%). In August 2024, the increase in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by an increase in imports from Thailand (MYR4.99M or 227%) and China (MYR32.9k or 2.84%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-168M(-35.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR57.7M(77.5%)
MAIN DESTINATION (August 2024)ThailandMYR136M

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.45B
IMPORTS (2022)$217M
NET TRADE (2022)$1.23B

In 2022, Malaysia exported $1.45B in Hot-Rolled Iron Bars. The main destinations of Malaysia exports on Hot-Rolled Iron Bars were Belgium ($236M), Philippines ($170M), United States ($139M), Thailand ($128M), and Burma ($110M).

In 2022, Malaysia imported $217M in Hot-Rolled Iron Bars, mainly from South Korea ($63.6M), Japan ($52M), Vietnam ($41.4M), Singapore ($20.2M), and China ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Belgium$156M (197%)
United States$139M (1%)
Burma$101M (1.12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Malaysia WERE (2021 - 2022):
China-$491M (-83%)
Thailand-$88.2M (-40.8%)
Kenya-$29.8M (-87.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Malaysia's main importing competitors in Hot-Rolled Iron Bars were:
United States $1.29B
Germany $897M
Israel $826M

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.4M
TOP IMPORT POTENTIALChina+ $9.89M

Hot-Rolled Iron Bars’s highest export potential is China. With an export gap of $15.4M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $9.89M.

See methodology.

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