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2023
Exports $6.3MWorld Rnk 19 / 107
Flag Rnk 700 / 1208
2023
Destination $6.02M China
2022 - 2023
FASTEST GROWING MARKET $6.02MChina
2023
PRODUCT COMPLEXITY IN Iron Ingots-1.38Rnk 922 / 1025
2023
Imports $1.8MWorld Rnk 42 / 175
Flag Rnk 1030 / 1211
2023
Origin $62.3k China
2022 - 2023
FASTEST GROWING ORIGIN $62.3kItaly
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $6.3M in Iron Ingots, making it the 19th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 700th most exported product in Malaysia. The main destination of Iron Ingots exports from Malaysia are: China ($6.02M), Singapore ($181k), Indonesia ($31.8k), Thailand ($16.3k), and India ($13.4k).

The fastest growing export markets for Iron Ingots of Malaysia between 2022 and 2023 were China ($6.02M), Singapore ($51.8k), and Thailand ($16.3k).

Imports In 2023, Malaysia imported $1.8M in Iron Ingots, becoming the 42nd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1030th most imported product in Malaysia. Malaysia imports Iron Ingots primarily from: China ($1.63M), Italy ($69.7k), Sweden ($64.9k), Singapore ($14.2k), and United States ($6.44k).

The fastest growing import markets in Iron Ingots for Malaysia between 2022 and 2023 were Italy ($62.3k), Sweden ($8.68k), and Chinese Taipei ($554).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Iron Ingots exports accounted up to MYR2.63M and imports accounted up to MYR2.15M, resulting in a positive trade balance of MYR475k. Between October 2023 and November 2024 the exports of Malaysia's   Iron Ingots have increased by MYR2.58M (5.27k%) from MYR49k to MYR2.63M, while imports increased by MYR2.1M (3.69k%) from MYR56.8k to MYR2.15M.

Destinations In November 2024, Iron Ingots were exported mostly to China (MYR2.57M), Singapore (MYR62.5k), and United States (MYR129), and were imported mostly from China (MYR2.1M), Italy (MYR45.5k), United States (MYR4.35k), and Singapore (MYR1.2k).

Growth In November 2024, the increase in Iron Ingots's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Iron Ingots's year-by-year imports was explained primarily by an increase in imports from China (MYR2.59M or 4.71k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - November 2024)MYR2.58M(5.27k%)
IMPORT GROWTH (November 2023 - November 2024)MYR2.1M(3.69k%)
MAIN DESTINATION (November 2024)ChinaMYR2.57M

This section shows Iron Ingots'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 Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.3M
IMPORTS (2023)$1.8M
NET TRADE (2023)$4.5M

In 2023, Malaysia exported $6.3M in Iron Ingots. The main destinations of Malaysia exports on Iron Ingots were China ($6.02M), Singapore ($181k), Indonesia ($31.8k), Thailand ($16.3k), and India ($13.4k).

In 2023, Malaysia imported $1.8M in Iron Ingots, mainly from China ($1.63M), Italy ($69.7k), Sweden ($64.9k), Singapore ($14.2k), and United States ($6.44k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$6.02M (1%)
Singapore$51.8k (39.9%)
Thailand$16.3k (233k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Malaysia WERE (2022 - 2023):
India-$33.7k (-71.5%)
Indonesia-$22.2k (-41%)
United States-$17.6k (-69.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Malaysia's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $34.1k
TOP IMPORT POTENTIALIndonesia+ $58.9k

Iron Ingots’s highest export potential is Indonesia. With an export gap of $34.1k.   Iron Ingots’s highest import potential is Indonesia with an import gap of $58.9k.

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