Iron Reductions in Malaysia | The Observatory of Economic Complexity

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 2020

About

Overview In September 2020 Malaysia's Iron Reductions exports accounted up to MYR121M and imports accounted up to MYR2.14M, resulting in a positive trade balance of MYR119M. Between August 2019 and September 2020 the exports of Malaysia's Iron Reductions have increased by MYR81.7M (209%) from MYR39.1M to MYR121M, while imports decreased by MYR-7.82M (-78.5%) from MYR9.95M to MYR2.14M.

Destinations In September 2020, Iron Reductions were exported mostly to South Korea (MYR69.2M), China (MYR39.4M), Japan (MYR11.9M), Vietnam (MYR213k), and Germany (MYR17.4k), and were imported mostly from India (MYR1.55M), China (MYR483k), and Hong Kong (MYR102k).

Growth In September 2020, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to . In September 2020, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-160k or -61.3%) and South Korea (MYR-76.6k or -64.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2019 - September 2020)MYR81.7M(209%)

IMPORT GROWTH (September 2019 - September 2020)MYR-7.82M(-78.5%)

MAIN DESTINATION (September 2020)South KoreaMYR69.2M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

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).

Explore Visualizations