Iron Blocks in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $49.6M in Iron Blocks, making it the 39th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 373rd most exported product in Malaysia. The main destination of Iron Blocks exports from Malaysia are: Singapore ($42.4M), Indonesia ($2.96M), Thailand ($1.37M), India ($493k), and Bangladesh ($402k).

The fastest growing export markets for Iron Blocks of Malaysia between 2021 and 2022 were Singapore ($5.05M), Indonesia ($594k), and India ($294k).

Imports In 2022, Malaysia imported $534M in Iron Blocks, becoming the 10th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 98th most imported product in Malaysia. Malaysia imports Iron Blocks primarily from: China ($238M), Thailand ($162M), South Korea ($40.7M), Turkey ($26.8M), and Singapore ($16.2M).

The fastest growing import markets in Iron Blocks for Malaysia between 2021 and 2022 were China ($174M), Thailand ($72.6M), and South Korea ($6.41M).

Latest Trends

March 2024

About

Overview In March 2024 Malaysia's Iron Blocks exports accounted up to MYR27.4M and imports accounted up to MYR147M, resulting in a negative trade balance of MYR120M. Between March 2023 and March 2024 the exports of Malaysia's Iron Blocks have increased by MYR4.44M (19.3%) from MYR23M to MYR27.4M, while imports decreased by MYR-85.8M (-36.8%) from MYR233M to MYR147M.

Destinations In March 2024, Iron Blocks were exported mostly to Singapore (MYR25.1M), Indonesia (MYR2.11M), Pakistan (MYR155k), Brunei (MYR33.6k), and Thailand (MYR19.9k), and were imported mostly from China (MYR78.1M), Thailand (MYR44.7M), Singapore (MYR6.94M), South Korea (MYR5.33M), and Luxembourg (MYR4.43M).

Growth In March 2024, the increase in Iron Blocks's year-by-year exports was explained primarily by an increase in exports to Singapore (MYR8.1M or 90%), India (MYR211k or 268%), and Brunei (MYR109k or 78.8%). In March 2024, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from China (MYR-10.7M or -20.4%), United Arab Emirates (MYR-1.02M or -98.9%), and Luxembourg (MYR-637k or -78.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR4.44M(19.3%)

IMPORT GROWTH (March 2023 - March 2024)MYR-85.8M(-36.8%)

MAIN DESTINATION (March 2024)SingaporeMYR25.1M

This section shows Iron Blocks'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 Iron Blocks over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$49.6M

IMPORTS (2022)$534M

NET TRADE (2022)-$484M

In 2022, Malaysia exported $49.6M in Iron Blocks. The main destinations of Malaysia exports on Iron Blocks were Singapore ($42.4M), Indonesia ($2.96M), Thailand ($1.37M), India ($493k), and Bangladesh ($402k).

In 2022, Malaysia imported $534M in Iron Blocks, mainly from China ($238M), Thailand ($162M), South Korea ($40.7M), Turkey ($26.8M), and Singapore ($16.2M).

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