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2023
Exports $4.96MWorld Rnk 34 / 118
Flag Rnk 729 / 1208
2023
Destination $850k United States
2022 - 2023
FASTEST GROWING MARKET $850kUnited States
2023
PRODUCT COMPLEXITY IN Iron Powder0.86Rnk 230 / 1025
2023
Imports $53.7MWorld Rnk 13 / 169
Flag Rnk 464 / 1211
2023
Origin $5.09M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $5.09MEgypt
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $4.96M in Iron Powder, making it the 34th largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 729th most exported product in Malaysia. The main destination of Iron Powder exports from Malaysia are: United States ($1.11M), China ($1.07M), India ($755k), Japan ($703k), and Chinese Taipei ($570k).

The fastest growing export markets for Iron Powder of Malaysia between 2022 and 2023 were United States ($850k), Chinese Taipei ($570k), and Hong Kong ($433k).

Imports In 2023, Malaysia imported $53.7M in Iron Powder, becoming the 13th largest importer of Iron Powder in the world. At the same year, Iron Powder was the 464th most imported product in Malaysia. Malaysia imports Iron Powder primarily from: Indonesia ($9.7M), Thailand ($6.66M), Bangladesh ($5.72M), Egypt ($5.09M), and Japan ($4.96M).

The fastest growing import markets in Iron Powder for Malaysia between 2022 and 2023 were Egypt ($5.09M), Saudi Arabia ($4.68M), and Sweden ($1.01M).

COMPANIES In 2023, leading companies such as John Deere (1) were at the forefront of shipping Iron Powder from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Iron Powder exports accounted up to MYR879k and imports accounted up to MYR30.1M, resulting in a negative trade balance of MYR29.2M. Between November 2023 and November 2024 the exports of Malaysia's   Iron Powder have increased by MYR217k (32.8%) from MYR662k to MYR879k, while imports increased by MYR20.5M (214%) from MYR9.57M to MYR30.1M.

Destinations In November 2024, Iron Powder were exported mostly to Japan (MYR417k), India (MYR277k), Hong Kong (MYR80.8k), Thailand (MYR34.2k), and China (MYR28.4k), and were imported mostly from Japan (MYR7.93M), Bangladesh (MYR6.43M), Philippines (MYR5.36M), Italy (MYR2.06M), and Sweden (MYR1.27M).

Growth In November 2024, the increase in Iron Powder's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Iron Powder's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR1.94M or 21.1%), Sweden (MYR422k or 94.9%), and Singapore (MYR102k or 216%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR217k(32.8%)
IMPORT GROWTH (November 2023 - November 2024)MYR20.5M(214%)
MAIN DESTINATION (November 2024)JapanMYR417k

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.96M
IMPORTS (2023)$53.7M
NET TRADE (2023)-$48.7M

In 2023, Malaysia exported $4.96M in Iron Powder. The main destinations of Malaysia exports on Iron Powder were United States ($1.11M), China ($1.07M), India ($755k), Japan ($703k), and Chinese Taipei ($570k).

In 2023, Malaysia imported $53.7M in Iron Powder, mainly from Indonesia ($9.7M), Thailand ($6.66M), Bangladesh ($5.72M), Egypt ($5.09M), and Japan ($4.96M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
United States$850k (332%)
Chinese Taipei$570k (1%)
Hong Kong$433k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY Malaysia WERE (2022 - 2023):
Indonesia-$2.32M (-97.1%)
Philippines-$721k (-97.6%)
Turkey-$293k (-100%)
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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 Powder were:
Sweden $474M
China $297M
Japan $241M
In 2023, Malaysia's main importing competitors in Iron Powder were:
China $273M
United States $264M
Germany $249M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $785k
TOP IMPORT POTENTIALChina+ $1.68M

Iron Powder’s highest export potential is China. With an export gap of $785k.   Iron Powder’s highest import potential is China with an import gap of $1.68M.

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