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2022
Exports $4.4MWorld Rnk 19 / 71
Flag Rnk 761 / 1198
2022
Destination $1.45M Germany
2021 - 2022
FASTEST GROWING MARKET $1.45MGermany
2022
PRODUCT COMPLEXITY IN Nickel Ore-1.62Rnk 962 / 1025
2022
Imports $55.3kWorld Rnk 32 / 67
Flag Rnk 1184 / 1203
2022
Origin $35.9k Pakistan
2021 - 2022
FASTEST GROWING ORIGIN $35.9kPakistan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $4.4M in Nickel Ore, making it the 19th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 761st most exported product in Malaysia. The main destination of Nickel Ore exports from Malaysia are: Germany ($2.81M), Brazil ($1.12M), Hong Kong ($222k), China ($209k), and Vietnam ($26.1k).

The fastest growing export markets for Nickel Ore of Malaysia between 2021 and 2022 were Germany ($1.45M), Brazil ($788k), and Hong Kong ($222k).

Imports In 2022, Malaysia imported $55.3k in Nickel Ore, becoming the 32nd largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 1184th most imported product in Malaysia. Malaysia imports Nickel Ore primarily from: Pakistan ($35.9k), United States ($17.2k), and China ($2.18k).

The fastest growing import markets in Nickel Ore for Malaysia between 2021 and 2022 were Pakistan ($35.9k), United States ($8.09k), and China ($2.18k).

Latest Trends

March 2024

About

Overview In March 2024 Malaysia's Nickel Ore exports accounted up to MYR27.3k and imports accounted up to MYR81k, resulting in a negative trade balance of MYR53.7k. Between June 2020 and March 2024 the exports of Malaysia's   Nickel Ore have increased by MYR19.5k (248%) from MYR7.85k to MYR27.3k, while imports decreased by MYR-777k (-90.6%) from MYR858k to MYR81k.

Destinations In March 2024, Nickel Ore were exported mostly to , and were imported mostly from Ireland (MYR76.9k) and Singapore (MYR4.18k).

Growth In March 2024, the increase in Nickel Ore's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Nickel Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2020 - March 2024)MYR19.5k(248%)
IMPORT GROWTH (October 2020 - June 2024)MYR-777k(-90.6%)
MAIN DESTINATION (March 2024)

This section shows Nickel 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 Nickel Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.4M
IMPORTS (2022)$55.3k
NET TRADE (2022)$4.34M

In 2022, Malaysia exported $4.4M in Nickel Ore. The main destinations of Malaysia exports on Nickel Ore were Germany ($2.81M), Brazil ($1.12M), Hong Kong ($222k), China ($209k), and Vietnam ($26.1k).

In 2022, Malaysia imported $55.3k in Nickel Ore, mainly from Pakistan ($35.9k), United States ($17.2k), and China ($2.18k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Germany$1.45M (107%)
Brazil$788k (237%)
Hong Kong$222k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY Malaysia WERE (2021 - 2022):
Turkey-$95.5k (-100%)
Belgium-$11.1k (-100%)
Singapore-$2.62k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Nickel Ore were:
Philippines $1.29B
New Caledonia $825M
Russia $411M
In 2022, Malaysia's main importing competitors in Nickel Ore were:
China $2.96B
Canada $527M
South Korea $339M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $648k
TOP IMPORT POTENTIALUnited States+ $19.9k

Nickel Ore’s highest export potential is China. With an export gap of $648k.   Nickel Ore’s highest import potential is United States with an import gap of $19.9k.

See methodology.

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