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2023
Exports $17.9MWorld Rnk 20 / 107
Flag Rnk 524 / 1208
2023
Destination $3.84M Japan
2022 - 2023
FASTEST GROWING MARKET $3.84MIndia
2023
PRODUCT COMPLEXITY IN Scrap Nickel-0.13Rnk 601 / 1025
2023
Imports $25.3MWorld Rnk 11 / 69
Flag Rnk 627 / 1211
2023
Origin $3.15M Hungary
2022 - 2023
FASTEST GROWING ORIGIN $3.15MHungary
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $17.9M in Scrap Nickel, making it the 20th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 524th most exported product in Malaysia. The main destination of Scrap Nickel exports from Malaysia are: Japan ($5.72M), India ($5.25M), China ($2.32M), Singapore ($2.14M), and United States ($799k).

The fastest growing export markets for Scrap Nickel of Malaysia between 2022 and 2023 were India ($3.84M), Singapore ($1.1M), and United States ($677k).

Imports In 2023, Malaysia imported $25.3M in Scrap Nickel, becoming the 11th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 627th most imported product in Malaysia. Malaysia imports Scrap Nickel primarily from: Hungary ($5.17M), Japan ($3.7M), United Arab Emirates ($3.37M), United States ($2.45M), and Singapore ($2.42M).

The fastest growing import markets in Scrap Nickel for Malaysia between 2022 and 2023 were Hungary ($3.15M), United Arab Emirates ($3.14M), and Singapore ($787k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Scrap Nickel exports accounted up to MYR8.92M and imports accounted up to MYR1.64M, resulting in a positive trade balance of MYR7.28M. Between November 2023 and November 2024 the exports of Malaysia's   Scrap Nickel have increased by MYR152k (1.73%) from MYR8.76M to MYR8.92M, while imports decreased by MYR-5.67M (-77.6%) from MYR7.3M to MYR1.64M.

Destinations In November 2024, Scrap Nickel were exported mostly to India (MYR4.26M), Chinese Taipei (MYR3.03M), and Japan (MYR1.63M), and were imported mostly from Pakistan (MYR1.1M) and Iran (MYR533k).

Growth In November 2024, the increase in Scrap Nickel's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from United Arab Emirates (MYR-76.2k or -9.66%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR152k(1.73%)
IMPORT GROWTH (August 2023 - November 2024)MYR-5.67M(-77.6%)
MAIN DESTINATION (November 2024)IndiaMYR4.26M

This section shows Scrap Nickel'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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.9M
IMPORTS (2023)$25.3M
NET TRADE (2023)-$7.33M

In 2023, Malaysia exported $17.9M in Scrap Nickel. The main destinations of Malaysia exports on Scrap Nickel were Japan ($5.72M), India ($5.25M), China ($2.32M), Singapore ($2.14M), and United States ($799k).

In 2023, Malaysia imported $25.3M in Scrap Nickel, mainly from Hungary ($5.17M), Japan ($3.7M), United Arab Emirates ($3.37M), United States ($2.45M), and Singapore ($2.42M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
India$3.84M (273%)
Singapore$1.1M (106%)
United States$677k (553%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Malaysia WERE (2022 - 2023):
Austria-$2.83M (-100%)
China-$1.01M (-30.4%)
United Kingdom-$589k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Scrap Nickel were:
United Kingdom $209M
United States $165M
Germany $164M
In 2023, Malaysia's main importing competitors in Scrap Nickel were:
United States $480M
United Kingdom $185M
Japan $148M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $452k
TOP IMPORT POTENTIALSingapore+ $572k

Scrap Nickel’s highest export potential is Singapore. With an export gap of $452k.   Scrap Nickel’s highest import potential is Singapore with an import gap of $572k.

See methodology.

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