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2023
Exports $499MWorld Rnk 7 / 123
Flag Rnk 97 / 1208
2023
Destination $96.1M Turkey
2022 - 2023
FASTEST GROWING MARKET $96.1MTurkey
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.48Rnk 693 / 1025
2023
Imports $327MWorld Rnk 11 / 213
Flag Rnk 138 / 1211
2023
Origin $106M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $106MIndonesia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $499M in Hot-Rolled Iron Bars, making it the 7th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 97th most exported product in Malaysia. The main destination of Hot-Rolled Iron Bars exports from Malaysia are: Turkey ($96.1M), Thailand ($71.6M), Saudi Arabia ($51.9M), Spain ($47.7M), and Singapore ($37M).

The fastest growing export markets for Hot-Rolled Iron Bars of Malaysia between 2022 and 2023 were Turkey ($96.1M), Saudi Arabia ($51.9M), and Netherlands ($20.3M).

Imports In 2023, Malaysia imported $327M in Hot-Rolled Iron Bars, becoming the 11th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 138th most imported product in Malaysia. Malaysia imports Hot-Rolled Iron Bars primarily from: Indonesia ($114M), South Korea ($93.5M), Vietnam ($42.3M), Japan ($29.9M), and China ($16.3M).

The fastest growing import markets in Hot-Rolled Iron Bars for Malaysia between 2022 and 2023 were Indonesia ($106M), South Korea ($17.9M), and China ($6.91M).

COMPANIES In 2023, leading companies such as Motorola (1) were at the forefront of shipping Hot-Rolled Iron Bars from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Hot-Rolled Iron Bars exports accounted up to MYR254M and imports accounted up to MYR147M, resulting in a positive trade balance of MYR107M. Between November 2023 and November 2024 the exports of Malaysia's   Hot-Rolled Iron Bars have decreased by MYR-131M (-34.1%) from MYR385M to MYR254M, while imports decreased by MYR-12.6M (-7.86%) from MYR160M to MYR147M.

Destinations In November 2024, Hot-Rolled Iron Bars were exported mostly to Thailand (MYR113M), Singapore (MYR54.9M), Spain (MYR40.3M), Canada (MYR23.3M), and Mexico (MYR16.4M), and were imported mostly from Indonesia (MYR95.6M), South Korea (MYR15.4M), China (MYR13.5M), Japan (MYR10.9M), and Singapore (MYR5.3M).

Growth In November 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to United States (MYR-224M or -95.4%), South Korea (MYR-96.5M or -91.3%), and Thailand (MYR-95.9M or -67.7%). In November 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from South Korea (MYR-40.1M or -93.5%), Vietnam (MYR-28.2M or -81.2%), and Japan (MYR-23.9M or -61.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-131M(-34.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR-12.6M(-7.86%)
MAIN DESTINATION (November 2024)ThailandMYR113M

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
EXPORTS (2023)$499M
IMPORTS (2023)$327M
NET TRADE (2023)$172M

In 2023, Malaysia exported $499M in Hot-Rolled Iron Bars. The main destinations of Malaysia exports on Hot-Rolled Iron Bars were Turkey ($96.1M), Thailand ($71.6M), Saudi Arabia ($51.9M), Spain ($47.7M), and Singapore ($37M).

In 2023, Malaysia imported $327M in Hot-Rolled Iron Bars, mainly from Indonesia ($114M), South Korea ($93.5M), Vietnam ($42.3M), Japan ($29.9M), and China ($16.3M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Turkey$96.1M (1%)
Saudi Arabia$51.9M (1%)
Netherlands$20.3M (329%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Malaysia WERE (2022 - 2023):
Burma-$98.9M (-80.8%)
United States-$98.8M (-92.7%)
Philippines-$88.6M (-89.9%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Malaysia's main importing competitors in Hot-Rolled Iron Bars were:
United States $764M
South Korea $645M
Israel $602M

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.4M
TOP IMPORT POTENTIALChina+ $9.89M

Hot-Rolled Iron Bars’s highest export potential is China. With an export gap of $15.4M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $9.89M.

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