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2022
Exports $23.4MWorld Rnk 27 / 91
Flag Rnk 495 / 1198
2022
Destination $2.37M South Korea
2021 - 2022
FASTEST GROWING MARKET $2.37MIndonesia
2022
PRODUCT COMPLEXITY IN Steel Bars0.58Rnk 331 / 1025
2022
Imports $135MWorld Rnk 10 / 169
Flag Rnk 305 / 1203
2022
Origin $10.1M China
2021 - 2022
FASTEST GROWING ORIGIN $10.1MSouth Korea
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $23.4M in Steel Bars, making it the 27th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 495th most exported product in Malaysia. The main destination of Steel Bars exports from Malaysia are: South Korea ($17M), Indonesia ($4M), New Zealand ($939k), Singapore ($904k), and China ($422k).

The fastest growing export markets for Steel Bars of Malaysia between 2021 and 2022 were Indonesia ($2.37M), New Zealand ($939k), and China ($231k).

Imports In 2022, Malaysia imported $135M in Steel Bars, becoming the 10th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 305th most imported product in Malaysia. Malaysia imports Steel Bars primarily from: China ($52.1M), South Korea ($33.2M), Vietnam ($24M), India ($14.1M), and Chinese Taipei ($5.09M).

The fastest growing import markets in Steel Bars for Malaysia between 2021 and 2022 were South Korea ($10.1M), Vietnam ($5.21M), and India ($3.75M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Steel Bars exports accounted up to MYR276k and imports accounted up to MYR27.3M, resulting in a negative trade balance of MYR27M. Between May 2023 and June 2024 the exports of Malaysia's   Steel Bars have increased by MYR27.2k (10.9%) from MYR249k to MYR276k, while imports decreased by MYR-12.7M (-31.8%) from MYR40M to MYR27.3M.

Destinations In June 2024, Steel Bars were exported mostly to Pakistan (MYR248k), Indonesia (MYR19.7k), and Singapore (MYR7.75k), and were imported mostly from China (MYR14.6M), South Korea (MYR7.56M), Brazil (MYR2.41M), Japan (MYR1.38M), and Chinese Taipei (MYR901k).

Growth In June 2024, the increase in Steel Bars's year-by-year exports was explained primarily by an increase in exports to Indonesia (MYR1.35M or 141%). In June 2024, the decrease in Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Vietnam (MYR-12M or -76.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)MYR27.2k(10.9%)
IMPORT GROWTH (June 2023 - June 2024)MYR-12.7M(-31.8%)
MAIN DESTINATION (June 2024)PakistanMYR248k

This section shows Steel 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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.4M
IMPORTS (2022)$135M
NET TRADE (2022)-$112M

In 2022, Malaysia exported $23.4M in Steel Bars. The main destinations of Malaysia exports on Steel Bars were South Korea ($17M), Indonesia ($4M), New Zealand ($939k), Singapore ($904k), and China ($422k).

In 2022, Malaysia imported $135M in Steel Bars, mainly from China ($52.1M), South Korea ($33.2M), Vietnam ($24M), India ($14.1M), and Chinese Taipei ($5.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$2.37M (146%)
New Zealand$939k (1%)
China$231k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Malaysia WERE (2021 - 2022):
Oman-$6.28M (-100%)
Chinese Taipei-$767k (-78.8%)
Singapore-$649k (-41.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malaysia's main exporting competitors in Steel Bars were:
China $915M
Japan $657M
Germany $601M
In 2022, Malaysia's main importing competitors in Steel Bars were:
United States $602M
Germany $427M
Thailand $392M

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.83M
TOP IMPORT POTENTIALJapan+ $1.39M

Steel Bars’s highest export potential is Indonesia. With an export gap of $1.83M.   Steel Bars’s highest import potential is Japan with an import gap of $1.39M.

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