Iron Railway Products in Malaysia 2021 Exports | Imports : $3.68M | $18M, World Rnk 39 / 125 Rnk 782 / 1201 | World Rnk 51 / 198 Rnk 703 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $967k | $3.84M, Indonesia | Thailand
2021 ECONOMIC COMPLEXITY of Malaysia: 1.09, Rnk 24 / 131
2021 PRODUCT COMPLEXITY IN Iron Railway Products: 0.68, Rnk 286 / 1029
Exports In 2021, Malaysia exported $3.68M in Iron Railway Products, making it the 39th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 782nd most exported product in Malaysia. The main destination of Iron Railway Products exports from Malaysia are: Indonesia ($1.55M), Singapore ($444k), Benin ($418k), Thailand ($359k), and Vietnam ($299k).
The fastest growing export markets for Iron Railway Products of Malaysia between 2020 and 2021 were Indonesia ($967k), Thailand ($345k), and Vietnam ($265k).
Imports In 2021, Malaysia imported $18M in Iron Railway Products, becoming the 51st largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 703rd most imported product in Malaysia. Malaysia imports Iron Railway Products primarily from: China ($7.26M), Thailand ($4.82M), Russia ($2.26M), Philippines ($1.05M), and Australia ($506k).
The fastest growing import markets in Iron Railway Products for Malaysia between 2020 and 2021 were Thailand ($3.84M), Saudi Arabia ($172k), and Italy ($146k).
Tariffs In 2016, the average tariff for Malaysia in Iron Railway Products was 2%. The countries with the highest import tariffs for Iron Railway Products were Angola (Most Favoured Nation duty rate treatment, 2%), Burundi (Most Favoured Nation duty rate treatment, 2%), Benin (Most Favoured Nation duty rate treatment, 2%), Burkina Faso (Most Favoured Nation duty rate treatment, 2%), and Botswana (Most Favoured Nation duty rate treatment, 2%).
September 2020
Overview In September 2020 Malaysia's Iron Railway Products exports accounted up to MYR3.03M and imports accounted up to MYR27.9M, resulting in a negative trade balance of MYR24.9M. Between August 2019 and September 2020 the exports of Malaysia's Iron Railway Products have increased by MYR1.83M (153%) from MYR1.2M to MYR3.03M, while imports increased by MYR19M (213%) from MYR8.91M to MYR27.9M.
Destinations In September 2020, Iron Railway Products were exported mostly to Bangladesh (MYR2.98M), Philippines (MYR23k), Chinese Taipei (MYR17.6k), and Singapore (MYR11.1k), and were imported mostly from Russia (MYR20M), Germany (MYR7.15M), France (MYR442k), China (MYR195k), and Belgium (MYR93.4k).
Growth In September 2020, the increase in Iron Railway Products's year-by-year exports was explained primarily by an increase in exports to United States (MYR173k or 842%). In September 2020, the increase in Iron Railway Products's year-by-year imports was explained primarily by an increase in imports from China (MYR19.2M or 397%), Germany (MYR3.46M or 1.3k%), and United Kingdom (MYR353k or 440%).
EXPORT GROWTH (August 2019 - September 2020): MYR1.83M, (153%)
IMPORT GROWTH (September 2019 - September 2020): MYR19M, (213%)
MAIN DESTINATION (September 2020): Bangladesh, MYR2.98M
This section shows Iron Railway Products'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 Railway Products over time.
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EXPORTS (2021): $3.68M
IMPORTS (2021): $18M
NET TRADE (2021): -$14.3M
In 2021, Malaysia exported $3.68M in Iron Railway Products. The main destinations of Malaysia exports on Iron Railway Products were Indonesia ($1.55M), Singapore ($444k), Benin ($418k), Thailand ($359k), and Vietnam ($299k).
In 2021, Malaysia imported $18M in Iron Railway Products, mainly from China ($7.26M), Thailand ($4.82M), Russia ($2.26M), Philippines ($1.05M), and Australia ($506k).
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Malaysia WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Malaysia WERE (2020 - 2021):
In 2021, Malaysia's main exporting competitors in Iron Railway Products were:
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