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2022
Exports $122MWorld Rnk 15 / 120
Flag Rnk 255 / 1198
2022
Destination $3.71M India
2021 - 2022
FASTEST GROWING MARKET $3.71MUnited States
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $70.3MWorld Rnk 28 / 198
Flag Rnk 441 / 1203
2022
Origin $8.52M China
2021 - 2022
FASTEST GROWING ORIGIN $8.52MSweden
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $122M in Flat-Rolled Stainless Steel, making it the 15th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 255th most exported product in Malaysia. The main destination of Flat-Rolled Stainless Steel exports from Malaysia are: India ($46.4M), United States ($16.4M), China ($13.6M), Chinese Taipei ($8.34M), and Thailand ($6.57M).

The fastest growing export markets for Flat-Rolled Stainless Steel of Malaysia between 2021 and 2022 were United States ($3.71M), China ($3.2M), and Chinese Taipei ($2.44M).

Imports In 2022, Malaysia imported $70.3M in Flat-Rolled Stainless Steel, becoming the 28th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 441st most imported product in Malaysia. Malaysia imports Flat-Rolled Stainless Steel primarily from: China ($24.1M), Japan ($11.5M), Sweden ($9.35M), Singapore ($7.44M), and South Korea ($5.41M).

The fastest growing import markets in Flat-Rolled Stainless Steel for Malaysia between 2021 and 2022 were Sweden ($8.52M), United States ($1.59M), and Singapore ($1.33M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Flat-Rolled Stainless Steel exports accounted up to MYR43.6M and imports accounted up to MYR25.4M, resulting in a positive trade balance of MYR18.2M. Between June 2023 and June 2024 the exports of Malaysia's   Flat-Rolled Stainless Steel have decreased by MYR-6.53M (-13%) from MYR50.2M to MYR43.6M, while imports increased by MYR11.4M (80.9%) from MYR14.1M to MYR25.4M.

Destinations In June 2024, Flat-Rolled Stainless Steel were exported mostly to India (MYR21.3M), United States (MYR4.49M), Chinese Taipei (MYR4.05M), China (MYR3.25M), and Singapore (MYR2.44M), and were imported mostly from China (MYR10.2M), Sweden (MYR4.36M), South Korea (MYR3.85M), Singapore (MYR2.65M), and Japan (MYR1.4M).

Growth In June 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to India (MYR-8.79M or -37.7%), Thailand (MYR-1.28M or -60.2%), and Germany (MYR-716k or -50.4%). In June 2024, the increase in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by an increase in imports from United States (MYR2.74M or 1.41k%), China (MYR122k or 5.68%), and Germany (MYR70.9k or 1.4k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-6.53M(-13%)
IMPORT GROWTH (June 2023 - June 2024)MYR11.4M(80.9%)
MAIN DESTINATION (June 2024)IndiaMYR21.3M

This section shows Flat-Rolled Stainless Steel'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 Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$122M
IMPORTS (2022)$70.3M
NET TRADE (2022)$52M

In 2022, Malaysia exported $122M in Flat-Rolled Stainless Steel. The main destinations of Malaysia exports on Flat-Rolled Stainless Steel were India ($46.4M), United States ($16.4M), China ($13.6M), Chinese Taipei ($8.34M), and Thailand ($6.57M).

In 2022, Malaysia imported $70.3M in Flat-Rolled Stainless Steel, mainly from China ($24.1M), Japan ($11.5M), Sweden ($9.35M), Singapore ($7.44M), and South Korea ($5.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$3.71M (29.2%)
China$3.2M (30.8%)
Chinese Taipei$2.44M (41.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY Malaysia WERE (2021 - 2022):
India-$10.5M (-18.5%)
Singapore-$1.7M (-21.1%)
Belgium-$1.39M (-36.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, Malaysia's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.28M
TOP IMPORT POTENTIALChina+ $1.39M

Flat-Rolled Stainless Steel’s highest export potential is China. With an export gap of $3.28M.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $1.39M.

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