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2023
Exports $492MWorld Rnk 27 / 201
Flag Rnk 98 / 1208
2023
Destination $11.4M Singapore
2022 - 2023
FASTEST GROWING MARKET $11.4MSingapore
2023
PRODUCT COMPLEXITY IN Iron Structures0.46Rnk 378 / 1025
2023
Imports $515MWorld Rnk 30 / 225
Flag Rnk 86 / 1211
2023
Origin $15.1M China
2022 - 2023
FASTEST GROWING ORIGIN $15.1MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $492M in Iron Structures, making it the 27th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 98th most exported product in Malaysia. The main destination of Iron Structures exports from Malaysia are: Singapore ($238M), Australia ($73.3M), United States ($41.4M), Saudi Arabia ($18.1M), and Indonesia ($14.8M).

The fastest growing export markets for Iron Structures of Malaysia between 2022 and 2023 were Singapore ($11.4M), Saudi Arabia ($9.68M), and United Arab Emirates ($4.54M).

Imports In 2023, Malaysia imported $515M in Iron Structures, becoming the 30th largest importer of Iron Structures in the world. At the same year, Iron Structures was the 86th most imported product in Malaysia. Malaysia imports Iron Structures primarily from: China ($418M), Singapore ($28.2M), Vietnam ($17.8M), South Korea ($17.4M), and Germany ($4.94M).

The fastest growing import markets in Iron Structures for Malaysia between 2022 and 2023 were Singapore ($15.1M), Germany ($2.83M), and Brunei ($2.28M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Iron Structures exports accounted up to MYR163M and imports accounted up to MYR156M, resulting in a positive trade balance of MYR6.52M. Between November 2023 and November 2024 the exports of Malaysia's   Iron Structures have decreased by MYR-35.3M (-17.8%) from MYR198M to MYR163M, while imports decreased by MYR-25.4M (-14%) from MYR182M to MYR156M.

Destinations In November 2024, Iron Structures were exported mostly to Singapore (MYR65.2M), Australia (MYR24.8M), United States (MYR23.2M), Indonesia (MYR9.19M), and United Arab Emirates (MYR7.05M), and were imported mostly from China (MYR132M), Singapore (MYR7.48M), Vietnam (MYR5.46M), India (MYR4M), and Saudi Arabia (MYR1.67M).

Growth In November 2024, the decrease in Iron Structures's year-by-year exports was explained primarily by a decrease in exports to Australia (MYR-11.2M or -33.1%), United States (MYR-10.6M or -39.9%), and Singapore (MYR-6.72M or -10.4%). In November 2024, the decrease in Iron Structures's year-by-year imports was explained primarily by a decrease in imports from China (MYR-7.46M or -6.89%), Turkey (MYR-2.31M or -99.5%), and Singapore (MYR-1.64M or -36.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-35.3M(-17.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR-25.4M(-14%)
MAIN DESTINATION (November 2024)SingaporeMYR65.2M

This section shows Iron Structures'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 Structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$492M
IMPORTS (2023)$515M
NET TRADE (2023)-$22.9M

In 2023, Malaysia exported $492M in Iron Structures. The main destinations of Malaysia exports on Iron Structures were Singapore ($238M), Australia ($73.3M), United States ($41.4M), Saudi Arabia ($18.1M), and Indonesia ($14.8M).

In 2023, Malaysia imported $515M in Iron Structures, mainly from China ($418M), Singapore ($28.2M), Vietnam ($17.8M), South Korea ($17.4M), and Germany ($4.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$11.4M (5.06%)
Saudi Arabia$9.68M (114%)
United Arab Emirates$4.54M (44.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Malaysia WERE (2022 - 2023):
United States-$41.4M (-50%)
Finland-$39.9M (-100%)
India-$28.7M (-74.4%)
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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 Structures were:
China $16.9B
Germany $5.53B
Poland $3B
In 2023, Malaysia's main importing competitors in Iron Structures were:
United States $8.62B
Germany $4.7B
France $2.63B

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.7M
TOP IMPORT POTENTIALVietnam+ $11.6M

Iron Structures’s highest export potential is United States. With an export gap of $33.7M.   Iron Structures’s highest import potential is Vietnam with an import gap of $11.6M.

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