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2023
Exports $73.8MWorld Rnk 44 / 153
Flag Rnk 302 / 1208
2023
Destination $12.1M United States
2022 - 2023
FASTEST GROWING MARKET $12.1MUnited States
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.54Rnk 355 / 1025
2023
Imports $1.45BWorld Rnk 18 / 211
Flag Rnk 25 / 1211
2023
Origin $61.7M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $61.7MChina
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $73.8M in Hot-Rolled Iron, making it the 44th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 302nd most exported product in Malaysia. The main destination of Hot-Rolled Iron exports from Malaysia are: United States ($27.2M), Singapore ($12.9M), Chinese Taipei ($9.38M), Mexico ($8.86M), and Philippines ($3.8M).

The fastest growing export markets for Hot-Rolled Iron of Malaysia between 2022 and 2023 were United States ($12.1M), Mexico ($8.86M), and Brunei ($1.14M).

Imports In 2023, Malaysia imported $1.45B in Hot-Rolled Iron, becoming the 18th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 25th most imported product in Malaysia. Malaysia imports Hot-Rolled Iron primarily from: Chinese Taipei ($389M), Japan ($289M), Vietnam ($283M), China ($265M), and South Korea ($122M).

The fastest growing import markets in Hot-Rolled Iron for Malaysia between 2022 and 2023 were China ($61.7M), Japan ($46.7M), and Singapore ($24.4M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Hot-Rolled Iron exports accounted up to MYR33.2M and imports accounted up to MYR560M, resulting in a negative trade balance of MYR527M. Between November 2023 and November 2024 the exports of Malaysia's   Hot-Rolled Iron have decreased by MYR-31.6M (-48.8%) from MYR64.8M to MYR33.2M, while imports decreased by MYR-70.1M (-11.1%) from MYR630M to MYR560M.

Destinations In November 2024, Hot-Rolled Iron were exported mostly to Mexico (MYR21.4M), Singapore (MYR6.69M), Indonesia (MYR2.16M), Canada (MYR1.07M), and India (MYR1.04M), and were imported mostly from China (MYR239M), Chinese Taipei (MYR120M), Japan (MYR85.5M), Vietnam (MYR44.3M), and South Korea (MYR19.7M).

Growth In November 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-3.32M or -24%). In November 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Vietnam (MYR-119M or -93.4%), Japan (MYR-99.5M or -58.8%), and Indonesia (MYR-90.2M or -85.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-31.6M(-48.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR-70.1M(-11.1%)
MAIN DESTINATION (November 2024)MexicoMYR21.4M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$73.8M
IMPORTS (2023)$1.45B
NET TRADE (2023)-$1.37B

In 2023, Malaysia exported $73.8M in Hot-Rolled Iron. The main destinations of Malaysia exports on Hot-Rolled Iron were United States ($27.2M), Singapore ($12.9M), Chinese Taipei ($9.38M), Mexico ($8.86M), and Philippines ($3.8M).

In 2023, Malaysia imported $1.45B in Hot-Rolled Iron, mainly from Chinese Taipei ($389M), Japan ($289M), Vietnam ($283M), China ($265M), and South Korea ($122M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$12.1M (80.1%)
Mexico$8.86M (1%)
Brunei$1.14M (691%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Malaysia WERE (2022 - 2023):
Singapore-$13.9M (-51.9%)
Chinese Taipei-$10.2M (-52.2%)
Philippines-$1.87M (-33%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
South Korea $6.09B
In 2023, Malaysia's main importing competitors in Hot-Rolled Iron were:
Vietnam $5.05B
Italy $4.85B
South Korea $3.76B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.74M
TOP IMPORT POTENTIALChina+ $66.3M

Hot-Rolled Iron’s highest export potential is United States. With an export gap of $6.74M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $66.3M.

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