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2022
Exports $11.5MWorld Rnk 34 / 148
Flag Rnk 612 / 1198
2022
Destination $2.07M Singapore
2021 - 2022
FASTEST GROWING MARKET $2.07MSingapore
2022
PRODUCT COMPLEXITY IN Other Iron Bars-0.18Rnk 608 / 1025
2022
Imports $29MWorld Rnk 33 / 213
Flag Rnk 627 / 1203
2022
Origin $1.37M China
2021 - 2022
FASTEST GROWING ORIGIN $1.37MSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $11.5M in Other Iron Bars, making it the 34th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 612th most exported product in Malaysia. The main destination of Other Iron Bars exports from Malaysia are: Singapore ($3.5M), Australia ($2.31M), Indonesia ($2.05M), Thailand ($2.03M), and New Zealand ($680k).

The fastest growing export markets for Other Iron Bars of Malaysia between 2021 and 2022 were Singapore ($2.07M), Thailand ($888k), and Indonesia ($557k).

Imports In 2022, Malaysia imported $29M in Other Iron Bars, becoming the 33rd largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 627th most imported product in Malaysia. Malaysia imports Other Iron Bars primarily from: China ($6.28M), Chinese Taipei ($5.46M), South Korea ($5.38M), Japan ($4.42M), and Singapore ($3.93M).

The fastest growing import markets in Other Iron Bars for Malaysia between 2021 and 2022 were South Korea ($1.37M), Singapore ($576k), and India ($465k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Other Iron Bars exports accounted up to MYR2.43M and imports accounted up to MYR15.1M, resulting in a negative trade balance of MYR12.7M. Between September 2023 and September 2024 the exports of Malaysia's   Other Iron Bars have increased by MYR1.05M (76.8%) from MYR1.37M to MYR2.43M, while imports increased by MYR1.69M (12.6%) from MYR13.4M to MYR15.1M.

Destinations In September 2024, Other Iron Bars were exported mostly to Singapore (MYR1.04M), Australia (MYR871k), Indonesia (MYR317k), Japan (MYR172k), and Solomon Islands (MYR31.2k), and were imported mostly from Singapore (MYR5.01M), China (MYR4.42M), Japan (MYR2.43M), Chinese Taipei (MYR1.65M), and Thailand (MYR759k).

Growth In September 2024, the increase in Other Iron Bars's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR260k or 30.4%) and Philippines (MYR58.8k or 344%). In September 2024, the increase in Other Iron Bars's year-by-year imports was explained primarily by an increase in imports from China (MYR1.52M or 54%), Japan (MYR613k or 34.6%), and South Korea (MYR415k or 19.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR1.05M(76.8%)
IMPORT GROWTH (September 2023 - September 2024)MYR1.69M(12.6%)
MAIN DESTINATION (September 2024)SingaporeMYR1.04M

This section shows Other Iron Bars'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 Other Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.5M
IMPORTS (2022)$29M
NET TRADE (2022)-$17.6M

In 2022, Malaysia exported $11.5M in Other Iron Bars. The main destinations of Malaysia exports on Other Iron Bars were Singapore ($3.5M), Australia ($2.31M), Indonesia ($2.05M), Thailand ($2.03M), and New Zealand ($680k).

In 2022, Malaysia imported $29M in Other Iron Bars, mainly from China ($6.28M), Chinese Taipei ($5.46M), South Korea ($5.38M), Japan ($4.42M), and Singapore ($3.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$2.07M (145%)
Thailand$888k (77.7%)
Indonesia$557k (37.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Malaysia WERE (2021 - 2022):
South Korea-$7.44M (-94.7%)
Australia-$2.64M (-53.3%)
Philippines-$191k (-61.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Other Iron Bars were:
Italy $690M
Germany $402M
France $218M
In 2022, Malaysia's main importing competitors in Other Iron Bars were:
Germany $608M
France $234M
Poland $204M

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $707k
TOP IMPORT POTENTIALIndia+ $808k

Other Iron Bars’s highest export potential is Singapore. With an export gap of $707k.   Other Iron Bars’s highest import potential is India with an import gap of $808k.

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