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2023
Exports $185MWorld Rnk 25 / 211
Flag Rnk 183 / 1208
2023
Destination $2.32M United States
2022 - 2023
FASTEST GROWING MARKET $2.32MChina
2023
PRODUCT COMPLEXITY IN Iron Pipe Fittings1.13Rnk 134 / 1025
2023
Imports $259MWorld Rnk 32 / 225
Flag Rnk 170 / 1211
2023
Origin $3.51M China
2022 - 2023
FASTEST GROWING ORIGIN $3.51MSouth Korea
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $185M in Iron Pipe Fittings, making it the 25th largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 183rd most exported product in Malaysia. The main destination of Iron Pipe Fittings exports from Malaysia are: United States ($69.9M), Singapore ($37.7M), Indonesia ($8.92M), Japan ($5.28M), and Netherlands ($5.25M).

The fastest growing export markets for Iron Pipe Fittings of Malaysia between 2022 and 2023 were China ($2.32M), Indonesia ($1.56M), and Japan ($1.53M).

Imports In 2023, Malaysia imported $259M in Iron Pipe Fittings, becoming the 32nd largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 170th most imported product in Malaysia. Malaysia imports Iron Pipe Fittings primarily from: China ($149M), Singapore ($29.1M), South Korea ($24.2M), United States ($15.3M), and Italy ($8.16M).

The fastest growing import markets in Iron Pipe Fittings for Malaysia between 2022 and 2023 were South Korea ($3.51M), Netherlands ($1.44M), and United Kingdom ($1.04M).

COMPANIES In 2024, leading companies such as SIGMA Corp (1) were at the forefront of shipping Iron Pipe Fittings from Malaysia to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Iron Pipe Fittings exports accounted up to MYR51.1M and imports accounted up to MYR94.9M, resulting in a negative trade balance of MYR43.9M. Between December 2023 and December 2024 the exports of Malaysia's   Iron Pipe Fittings have decreased by MYR-1.31M (-2.49%) from MYR52.4M to MYR51.1M, while imports decreased by MYR-4.51M (-4.54%) from MYR99.5M to MYR94.9M.

Destinations In December 2024, Iron Pipe Fittings were exported mostly to United States (MYR20.5M), Singapore (MYR10.1M), Netherlands (MYR2.66M), Indonesia (MYR2.17M), and Czechia (MYR1.35M), and were imported mostly from China (MYR56.5M), Singapore (MYR12M), United States (MYR9.63M), South Korea (MYR3.67M), and Estonia (MYR2.53M).

Growth In December 2024, the decrease in Iron Pipe Fittings's year-by-year exports was explained primarily by a decrease in exports to Japan (MYR-4.08M or -77.9%), India (MYR-3.29M or -60.8%), and Indonesia (MYR-2.65M or -69.1%). In December 2024, the decrease in Iron Pipe Fittings's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (MYR-6.54M or -83.7%), Italy (MYR-3.45M or -58.4%), and United States (MYR-1.64M or -24.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR-1.31M(-2.49%)
IMPORT GROWTH (December 2023 - December 2024)MYR-4.51M(-4.54%)
MAIN DESTINATION (December 2024)United StatesMYR20.5M

This section shows Iron Pipe Fittings'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 Pipe Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$185M
IMPORTS (2023)$259M
NET TRADE (2023)-$73.8M

In 2023, Malaysia exported $185M in Iron Pipe Fittings. The main destinations of Malaysia exports on Iron Pipe Fittings were United States ($69.9M), Singapore ($37.7M), Indonesia ($8.92M), Japan ($5.28M), and Netherlands ($5.25M).

In 2023, Malaysia imported $259M in Iron Pipe Fittings, mainly from China ($149M), Singapore ($29.1M), South Korea ($24.2M), United States ($15.3M), and Italy ($8.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
China$2.32M (125%)
Indonesia$1.56M (21.2%)
Japan$1.53M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Malaysia WERE (2022 - 2023):
United States-$9.29M (-11.7%)
India-$7.51M (-61.4%)
Netherlands-$4.18M (-44.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Iron Pipe Fittings were:
China $5.62B
Italy $2.2B
United States $2.17B
In 2023, Malaysia's main importing competitors in Iron Pipe Fittings were:
United States $3.06B
Germany $1.61B
Canada $977M

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Trade Value of Iron Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.06M
TOP IMPORT POTENTIALChina+ $16.2M

Iron Pipe Fittings’s highest export potential is United States. With an export gap of $8.06M.   Iron Pipe Fittings’s highest import potential is China with an import gap of $16.2M.

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