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2022
ExportsfalseWorld Rnk 26 / 78
Flag Rnk 977 / 1198
2021 - 2022
FASTEST GROWING MARKET $77.9kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.68Rnk 28 / 1025
2022
Origin $9.12M China
2021 - 2022
FASTEST GROWING ORIGIN $9.12MChinese Taipei
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $718k in Hot-Rolled Stainless Steel Bars, making it the 26th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 977th most exported product in Malaysia. The main destination of Hot-Rolled Stainless Steel Bars exports from Malaysia are: Singapore ($567k), United Kingdom ($77.9k), India ($23.6k), China ($20.2k), and United States ($19.5k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of Malaysia between 2021 and 2022 were United Kingdom ($77.9k), Singapore ($43k), and India ($22.4k).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for Malaysia between 2021 and 2022 were Chinese Taipei ($9.12M), Japan ($2.09M), and Sweden ($553k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Hot-Rolled Stainless Steel Bars exports accounted up to MYR7.23k and imports accounted up to MYR10M, resulting in a negative trade balance of MYR10M. Between June 2023 and June 2024 the exports of Malaysia's   Hot-Rolled Stainless Steel Bars have increased by MYR6.08k (527%) from MYR1.15k to MYR7.23k, while imports decreased by MYR-5.11M (-33.7%) from MYR15.2M to MYR10M.

Destinations In June 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Singapore (MYR7.22k) and Indonesia (MYR11), and were imported mostly from China (MYR6.88M), Japan (MYR2.16M), Chinese Taipei (MYR512k), United States (MYR206k), and Singapore (MYR155k).

Growth In June 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR64.1k or 96.9%). In June 2024, the decrease in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by a decrease in imports from China (MYR-11.6M or -87.8%), India (MYR-754k or -91.2%), and Sweden (MYR-73.8k or -33.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR6.08k(527%)
IMPORT GROWTH (June 2023 - June 2024)MYR-5.11M(-33.7%)
MAIN DESTINATION (June 2024)SingaporeMYR7.22k

This section shows Hot-Rolled Stainless Steel 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 Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$718k

In 2022, Malaysia exported $718k in Hot-Rolled Stainless Steel Bars. The main destinations of Malaysia exports on Hot-Rolled Stainless Steel Bars were Singapore ($567k), United Kingdom ($77.9k), India ($23.6k), China ($20.2k), and United States ($19.5k).

In N/A, Malaysia imported N/A in Hot-Rolled Stainless Steel Bars, mainly from China ($33.7M), Chinese Taipei ($24.1M), Japan ($10.8M), India ($2.05M), and Sweden ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United Kingdom$77.9k (1%)
Singapore$43k (8.22%)
India$22.4k (1.82k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY Malaysia WERE (2021 - 2022):
Brunei-$20.9k (-99.4%)
China-$17k (-45.8%)
Vietnam-$13.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $449M
Italy $413M
Japan $392M
In 2022, Malaysia's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $427M
Germany $353M
China $311M

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Trade Value of Hot-Rolled Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $54.9k
TOP IMPORT POTENTIALIndia+ $1.49M

Hot-Rolled Stainless Steel Bars’s highest export potential is China. With an export gap of $54.9k.   Hot-Rolled Stainless Steel Bars’s highest import potential is India with an import gap of $1.49M.

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