Iron Ore in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $1.15B in Iron Ore, making it the 16th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 49th most exported product in Malaysia. The main destination of Iron Ore exports from Malaysia are: China ($738M), Vietnam ($259M), Indonesia ($63.3M), Switzerland ($44.6M), and Japan ($28.8M).

The fastest growing export markets for Iron Ore of Malaysia between 2021 and 2022 were Switzerland ($44.6M), South Korea ($20.7M), and Japan ($8.82M).

Imports In 2022, Malaysia imported $2.02B in Iron Ore, becoming the 7th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 19th most imported product in Malaysia. Malaysia imports Iron Ore primarily from: Brazil ($1.51B), Australia ($133M), Romania ($77.4M), United Arab Emirates ($59.5M), and Switzerland ($54.5M).

The fastest growing import markets in Iron Ore for Malaysia between 2021 and 2022 were Romania ($77.4M), United Arab Emirates ($49.2M), and Bahrain ($20.8M).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Iron Ore from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Iron Ore exports accounted up to MYR344M and imports accounted up to MYR366M, resulting in a negative trade balance of MYR22.6M. Between September 2019 and September 2020 the exports of Malaysia's Iron Ore have increased by MYR46.5M (15.7%) from MYR297M to MYR344M, while imports decreased by MYR-76.8M (-17.3%) from MYR443M to MYR366M.

Destinations In September 2020, Iron Ore were exported mostly to China (MYR233M), Vietnam (MYR83.5M), and Switzerland (MYR26.8M), and were imported mostly from Brazil (MYR197M), Australia (MYR64.2M), Oman (MYR60.9M), India (MYR40.8M), and United Arab Emirates (MYR3.2M).

Growth In September 2020, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China (MYR182M or 56.2%) and Vietnam (MYR46.7M or 98.3%). In September 2020, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Netherlands (MYR-9.74k or -17.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR46.5M(15.7%)

IMPORT GROWTH (September 2019 - September 2020)MYR-76.8M(-17.3%)

MAIN DESTINATION (September 2020)ChinaMYR233M

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.15B

IMPORTS (2022)$2.02B

NET TRADE (2022)-$866M

In 2022, Malaysia exported $1.15B in Iron Ore. The main destinations of Malaysia exports on Iron Ore were China ($738M), Vietnam ($259M), Indonesia ($63.3M), Switzerland ($44.6M), and Japan ($28.8M).

In 2022, Malaysia imported $2.02B in Iron Ore, mainly from Brazil ($1.51B), Australia ($133M), Romania ($77.4M), United Arab Emirates ($59.5M), and Switzerland ($54.5M).

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