Hot-Rolled Iron Bars in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $1.45B in Hot-Rolled Iron Bars, making it the 3rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 38th most exported product in Malaysia. The main destination of Hot-Rolled Iron Bars exports from Malaysia are: Belgium ($236M), Philippines ($170M), United States ($139M), Thailand ($128M), and Burma ($110M).

The fastest growing export markets for Hot-Rolled Iron Bars of Malaysia between 2021 and 2022 were Belgium ($156M), United States ($139M), and Burma ($101M).

Imports In 2022, Malaysia imported $217M in Hot-Rolled Iron Bars, becoming the 28th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 221st most imported product in Malaysia. Malaysia imports Hot-Rolled Iron Bars primarily from: South Korea ($63.6M), Japan ($52M), Vietnam ($41.4M), Singapore ($20.2M), and China ($11.5M).

The fastest growing import markets in Hot-Rolled Iron Bars for Malaysia between 2021 and 2022 were China ($5.62M), Thailand ($3M), and Chinese Taipei ($382k).

Latest Trends

March 2024

About

Overview In March 2024 Malaysia's Hot-Rolled Iron Bars exports accounted up to MYR322M and imports accounted up to MYR116M, resulting in a positive trade balance of MYR206M. Between March 2023 and March 2024 the exports of Malaysia's Hot-Rolled Iron Bars have decreased by MYR-148M (-31.5%) from MYR469M to MYR322M, while imports decreased by MYR-44.7M (-27.9%) from MYR160M to MYR116M.

Destinations In March 2024, Hot-Rolled Iron Bars were exported mostly to Thailand (MYR156M), Albania (MYR40.1M), Mexico (MYR31.8M), Singapore (MYR27.3M), and Philippines (MYR26.4M), and were imported mostly from Japan (MYR30.8M), China (MYR24.6M), South Korea (MYR22.3M), Indonesia (MYR16.6M), and Vietnam (MYR14.2M).

Growth In March 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-70.9k or -33.5%). In March 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Vietnam (MYR-8.54M or -39%), Japan (MYR-4.7M or -16.5%), and China (MYR-2.08M or -54.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR-148M(-31.5%)

IMPORT GROWTH (March 2023 - March 2024)MYR-44.7M(-27.9%)

MAIN DESTINATION (March 2024)ThailandMYR156M

This section shows Hot-Rolled 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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.45B

IMPORTS (2022)$217M

NET TRADE (2022)$1.23B

In 2022, Malaysia exported $1.45B in Hot-Rolled Iron Bars. The main destinations of Malaysia exports on Hot-Rolled Iron Bars were Belgium ($236M), Philippines ($170M), United States ($139M), Thailand ($128M), and Burma ($110M).

In 2022, Malaysia imported $217M in Hot-Rolled Iron Bars, mainly from South Korea ($63.6M), Japan ($52M), Vietnam ($41.4M), Singapore ($20.2M), and China ($11.5M).

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