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2023
Exports $720MWorld Rnk 9 / 125
Flag Rnk 69 / 1208
2023
Destination $286M Turkey
2022 - 2023
FASTEST GROWING MARKET $286MTurkey
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.94Rnk 812 / 1025
2023
Imports $207MWorld Rnk 33 / 189
Flag Rnk 204 / 1211
2023
Origin $139M Oman
2022 - 2023
FASTEST GROWING ORIGIN $139MOman
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $720M in Semi-Finished Iron, making it the 9th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 69th most exported product in Malaysia. The main destination of Semi-Finished Iron exports from Malaysia are: Turkey ($297M), Philippines ($183M), Indonesia ($123M), Thailand ($53.1M), and United States ($20.6M).

The fastest growing export markets for Semi-Finished Iron of Malaysia between 2022 and 2023 were Turkey ($286M), United States ($20.6M), and Philippines ($20.2M).

Imports In 2023, Malaysia imported $207M in Semi-Finished Iron, becoming the 33rd largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 204th most imported product in Malaysia. Malaysia imports Semi-Finished Iron primarily from: Oman ($139M), Indonesia ($57.7M), France ($7.13M), United Arab Emirates ($1.92M), and China ($506k).

The fastest growing import markets in Semi-Finished Iron for Malaysia between 2022 and 2023 were Oman ($139M), Indonesia ($57.7M), and France ($2.02M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Semi-Finished Iron exports accounted up to MYR500M and imports accounted up to MYR239k, resulting in a positive trade balance of MYR499M. Between November 2023 and November 2024 the exports of Malaysia's   Semi-Finished Iron have decreased by MYR-264M (-34.6%) from MYR764M to MYR500M, while imports decreased by MYR-88.9M (-99.7%) from MYR89.1M to MYR239k.

Destinations In November 2024, Semi-Finished Iron were exported mostly to Singapore (MYR427k), Chinese Taipei (MYR35.8k), United States (MYR14.1k), Thailand (MYR5.81k), and Germany (MYR16), and were imported mostly from China (MYR213k), United States (MYR23.9k), Hong Kong (MYR2k), and Singapore (MYR109).

Growth In November 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-79.6k or -92.1%) and Singapore (MYR-48.2k or -99.9%). In November 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from China (MYR-1.62M or -81.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-264M(-34.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR-88.9M(-99.7%)
MAIN DESTINATION (November 2024)SingaporeMYR427k

This section shows Semi-Finished Iron'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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$720M
IMPORTS (2023)$207M
NET TRADE (2023)$513M

In 2023, Malaysia exported $720M in Semi-Finished Iron. The main destinations of Malaysia exports on Semi-Finished Iron were Turkey ($297M), Philippines ($183M), Indonesia ($123M), Thailand ($53.1M), and United States ($20.6M).

In 2023, Malaysia imported $207M in Semi-Finished Iron, mainly from Oman ($139M), Indonesia ($57.7M), France ($7.13M), United Arab Emirates ($1.92M), and China ($506k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Turkey$286M (2.71k%)
United States$20.6M (85.7k%)
Philippines$20.2M (12.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Malaysia WERE (2022 - 2023):
Indonesia-$60.1M (-32.8%)
Thailand-$55.3M (-51%)
China-$38.4M (-98.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Malaysia's main importing competitors in Semi-Finished Iron were:
Turkey $3.36B
United States $2.81B
Indonesia $2.13B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $41.4M
TOP IMPORT POTENTIALChina+ $1.21M

Semi-Finished Iron’s highest export potential is China. With an export gap of $41.4M.   Semi-Finished Iron’s highest import potential is China with an import gap of $1.21M.

See methodology.

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