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2022
Exports $384MWorld Rnk 6 / 89
Flag Rnk 120 / 1198
2022
Destination $162M South Korea
2021 - 2022
FASTEST GROWING MARKET $162MSouth Korea
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $17MWorld Rnk 29 / 144
Flag Rnk 744 / 1203
2022
Origin $6.91M Bahrain
2021 - 2022
FASTEST GROWING ORIGIN $6.91MBahrain
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $384M in Iron Reductions, making it the 6th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 120th most exported product in Malaysia. The main destination of Iron Reductions exports from Malaysia are: South Korea ($261M), Vietnam ($36.5M), United States ($26.3M), Japan ($22.4M), and Indonesia ($22.2M).

The fastest growing export markets for Iron Reductions of Malaysia between 2021 and 2022 were South Korea ($162M), Vietnam ($28.5M), and United States ($26.3M).

Imports In 2022, Malaysia imported $17M in Iron Reductions, becoming the 29th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 744th most imported product in Malaysia. Malaysia imports Iron Reductions primarily from: Bahrain ($10.7M), China ($5.2M), India ($475k), South Africa ($410k), and Singapore ($49k).

The fastest growing import markets in Iron Reductions for Malaysia between 2021 and 2022 were Bahrain ($6.91M), China ($4.05M), and South Africa ($410k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Iron Reductions exports accounted up to MYR2.94M and imports accounted up to MYR2.92M, resulting in a positive trade balance of MYR21.5k. Between September 2023 and September 2024 the exports of Malaysia's   Iron Reductions have decreased by MYR-155M (-98.1%) from MYR158M to MYR2.94M, while imports decreased by MYR-1.7M (-36.8%) from MYR4.62M to MYR2.92M.

Destinations In September 2024, Iron Reductions were exported mostly to Germany (MYR1.09M), Philippines (MYR580k), Hong Kong (MYR523k), China (MYR417k), and India (MYR206k), and were imported mostly from Chinese Taipei (MYR1.45M), China (MYR1.04M), United Kingdom (MYR289k), Singapore (MYR87k), and United States (MYR30.8k).

Growth In September 2024, the decrease in Iron Reductions's year-by-year exports was explained primarily by a decrease in exports to South Korea (MYR-7.06M or -10.4%) and United States (MYR-32.9k or -100%). In September 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from Bahrain (MYR-951k or -7.62%) and China (MYR-213k or -20.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-155M(-98.1%)
IMPORT GROWTH (September 2023 - September 2024)MYR-1.7M(-36.8%)
MAIN DESTINATION (September 2024)GermanyMYR1.09M

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$384M
IMPORTS (2022)$17M
NET TRADE (2022)$367M

In 2022, Malaysia exported $384M in Iron Reductions. The main destinations of Malaysia exports on Iron Reductions were South Korea ($261M), Vietnam ($36.5M), United States ($26.3M), Japan ($22.4M), and Indonesia ($22.2M).

In 2022, Malaysia imported $17M in Iron Reductions, mainly from Bahrain ($10.7M), China ($5.2M), India ($475k), South Africa ($410k), and Singapore ($49k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
South Korea$162M (163%)
Vietnam$28.5M (356%)
United States$26.3M (619k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Malaysia WERE (2021 - 2022):
China-$30.5M (-100%)
Indonesia-$5.38M (-19.5%)
Singapore-$90.5k (-82.3%)
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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 Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, Malaysia's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.03M
TOP IMPORT POTENTIALIndia+ $672k

Iron Reductions’s highest export potential is United States. With an export gap of $7.03M.   Iron Reductions’s highest import potential is India with an import gap of $672k.

See methodology.

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