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2022
Exports $1.15BWorld Rnk 16 / 128
Flag Rnk 49 / 1198
2022
Destination $44.6M China
2021 - 2022
FASTEST GROWING MARKET $44.6MSwitzerland
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $2.02BWorld Rnk 7 / 130
Flag Rnk 19 / 1203
2022
Origin $77.4M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $77.4MRomania
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.15B in Iron Ore, making it the 16th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 49th most exported product in Malaysia. The main destination of Iron Ore exports from Malaysia are: China ($738M), Vietnam ($259M), Indonesia ($63.3M), Switzerland ($44.6M), and Japan ($28.8M).

The fastest growing export markets for Iron Ore of Malaysia between 2021 and 2022 were Switzerland ($44.6M), South Korea ($20.7M), and Japan ($8.82M).

Imports In 2022, Malaysia imported $2.02B in Iron Ore, becoming the 7th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 19th most imported product in Malaysia. Malaysia imports Iron Ore primarily from: Brazil ($1.51B), Australia ($133M), Romania ($77.4M), United Arab Emirates ($59.5M), and Switzerland ($54.5M).

The fastest growing import markets in Iron Ore for Malaysia between 2021 and 2022 were Romania ($77.4M), United Arab Emirates ($49.2M), and Bahrain ($20.8M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Iron Ore exports accounted up to MYR608M and imports accounted up to MYR913M, resulting in a negative trade balance of MYR304M. Between August 2023 and August 2024 the exports of Malaysia's   Iron Ore have increased by MYR133M (28.1%) from MYR475M to MYR608M, while imports increased by MYR276M (43.4%) from MYR636M to MYR913M.

Destinations In August 2024, Iron Ore were exported mostly to China (MYR361M), Vietnam (MYR168M), and Indonesia (MYR79.7M), and were imported mostly from Brazil (MYR582M), Bahrain (MYR142M), Australia (MYR127M), India (MYR33.8M), and Pakistan (MYR27.7M).

Growth In August 2024, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China (MYR111M or 39.4%) and Indonesia (MYR5.25M or 13.7%). In August 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Australia (MYR54.4M or 169%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR133M(28.1%)
IMPORT GROWTH (August 2023 - August 2024)MYR276M(43.4%)
MAIN DESTINATION (August 2024)ChinaMYR361M

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.15B
IMPORTS (2022)$2.02B
NET TRADE (2022)-$866M

In 2022, Malaysia exported $1.15B in Iron Ore. The main destinations of Malaysia exports on Iron Ore were China ($738M), Vietnam ($259M), Indonesia ($63.3M), Switzerland ($44.6M), and Japan ($28.8M).

In 2022, Malaysia imported $2.02B in Iron Ore, mainly from Brazil ($1.51B), Australia ($133M), Romania ($77.4M), United Arab Emirates ($59.5M), and Switzerland ($54.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Switzerland$44.6M (1%)
South Korea$20.7M (107k%)
Japan$8.82M (44.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Malaysia WERE (2021 - 2022):
Vietnam-$84.2M (-24.5%)
China-$27.9M (-3.63%)
United States-$10M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Malaysia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $345M
TOP IMPORT POTENTIALAustralia+ $112M

Iron Ore’s highest export potential is China. With an export gap of $345M.   Iron Ore’s highest import potential is Australia with an import gap of $112M.

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