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2022
Exports $99.7MWorld Rnk 44 / 151
Flag Rnk 281 / 1198
2022
Destination $16M Singapore
2021 - 2022
FASTEST GROWING MARKET $16MSingapore
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.41Rnk 402 / 1025
2022
Imports $1.46BWorld Rnk 16 / 214
Flag Rnk 28 / 1203
2022
Origin $131M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $131MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $99.7M in Hot-Rolled Iron, making it the 44th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 281st most exported product in Malaysia. The main destination of Hot-Rolled Iron exports from Malaysia are: Singapore ($37.8M), Chinese Taipei ($27.5M), United States ($15.1M), Philippines ($5.14M), and Indonesia ($3.17M).

The fastest growing export markets for Hot-Rolled Iron of Malaysia between 2021 and 2022 were Singapore ($16M), United States ($15.1M), and Indonesia ($2.87M).

Imports In 2022, Malaysia imported $1.46B in Hot-Rolled Iron, becoming the 16th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 28th most imported product in Malaysia. Malaysia imports Hot-Rolled Iron primarily from: Chinese Taipei ($420M), Vietnam ($355M), Japan ($202M), China ($191M), and South Korea ($148M).

The fastest growing import markets in Hot-Rolled Iron for Malaysia between 2021 and 2022 were China ($131M), Chinese Taipei ($50.3M), and Vietnam ($13.7M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Hot-Rolled Iron exports accounted up to MYR66.4M and imports accounted up to MYR586M, resulting in a negative trade balance of MYR519M. Between August 2023 and August 2024 the exports of Malaysia's   Hot-Rolled Iron have decreased by MYR-44.9M (-40.4%) from MYR111M to MYR66.4M, while imports increased by MYR155M (36.1%) from MYR430M to MYR586M.

Destinations In August 2024, Hot-Rolled Iron were exported mostly to Mexico (MYR42.1M), Singapore (MYR12.9M), Canada (MYR8.27M), India (MYR1.39M), and Thailand (MYR669k), and were imported mostly from China (MYR201M), Chinese Taipei (MYR138M), Japan (MYR134M), Vietnam (MYR81M), and Indonesia (MYR12.4M).

Growth In August 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-3.32M or -24%). In August 2024, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from United States (MYR95.9k or 91%) and Belgium (MYR59.3k or 93.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-44.9M(-40.4%)
IMPORT GROWTH (August 2023 - August 2024)MYR155M(36.1%)
MAIN DESTINATION (August 2024)MexicoMYR42.1M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$99.7M
IMPORTS (2022)$1.46B
NET TRADE (2022)-$1.36B

In 2022, Malaysia exported $99.7M in Hot-Rolled Iron. The main destinations of Malaysia exports on Hot-Rolled Iron were Singapore ($37.8M), Chinese Taipei ($27.5M), United States ($15.1M), Philippines ($5.14M), and Indonesia ($3.17M).

In 2022, Malaysia imported $1.46B in Hot-Rolled Iron, mainly from Chinese Taipei ($420M), Vietnam ($355M), Japan ($202M), China ($191M), and South Korea ($148M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$16M (73.7%)
United States$15.1M (33.9k%)
Indonesia$2.87M (951%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Malaysia WERE (2021 - 2022):
Chinese Taipei-$34.6M (-55.7%)
Canada-$4.12M (-100%)
China-$3.66M (-92%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
South Korea $6.81B
In 2022, Malaysia's main importing competitors in Hot-Rolled Iron were:
Italy $5.5B
Vietnam $5.46B
Germany $4B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.74M
TOP IMPORT POTENTIALChina+ $66.3M

Hot-Rolled Iron’s highest export potential is United States. With an export gap of $6.74M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $66.3M.

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