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2022
Exports $45.9MWorld Rnk 29 / 207
Flag Rnk 387 / 1198
falsefalse Thailand
2022
PRODUCT COMPLEXITY IN Iron Springs0.94Rnk 195 / 1025
2022
Imports $94.6MWorld Rnk 25 / 218
Flag Rnk 376 / 1203
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $45.9M in Iron Springs, making it the 29th largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 387th most exported product in Malaysia. The main destination of Iron Springs exports from Malaysia are: Thailand ($8.27M), United States ($7.89M), Australia ($7.07M), Singapore ($3.01M), and Mexico ($2.34M).

Imports In 2022, Malaysia imported $94.6M in Iron Springs, becoming the 25th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 376th most imported product in Malaysia. Malaysia imports Iron Springs primarily from: China ($44.6M), Singapore ($16.2M), Japan ($6.95M), Thailand ($6.45M), and Germany ($5.25M).

The fastest growing import markets in Iron Springs for Malaysia between 2021 and 2022 were China ($5.04M), Thailand ($1.9M), and Japan ($1.52M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Iron Springs exports accounted up to MYR18.6M and imports accounted up to MYR38.2M, resulting in a negative trade balance of MYR19.6M. Between June 2023 and June 2024 the exports of Malaysia's   Iron Springs have increased by MYR5.31M (39.9%) from MYR13.3M to MYR18.6M, while imports increased by MYR5.39M (16.4%) from MYR32.8M to MYR38.2M.

Destinations In June 2024, Iron Springs were exported mostly to United States (MYR6.92M), Thailand (MYR2.91M), Australia (MYR1.59M), Singapore (MYR1.15M), and Germany (MYR745k), and were imported mostly from Singapore (MYR10.6M), China (MYR10.1M), United States (MYR6.1M), Japan (MYR3.17M), and Thailand (MYR2.92M).

Growth In June 2024, the increase in Iron Springs's year-by-year exports was explained primarily by an increase in exports to Philippines (MYR391k or 350%), China (MYR355k or 961%), and Yemen (MYR225k or 61%). In June 2024, the increase in Iron Springs's year-by-year imports was explained primarily by an increase in imports from Vietnam (MYR1.12M or 146%), South Korea (MYR883k or 260%), and Japan (MYR848k or 30.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR5.31M(39.9%)
IMPORT GROWTH (June 2023 - June 2024)MYR5.39M(16.4%)
MAIN DESTINATION (June 2024)United StatesMYR6.92M

This section shows Iron Springs'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 Springs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.9M
IMPORTS (2022)$94.6M
NET TRADE (2022)-$48.7M

In 2022, Malaysia exported $45.9M in Iron Springs. The main destinations of Malaysia exports on Iron Springs were Thailand ($8.27M), United States ($7.89M), Australia ($7.07M), Singapore ($3.01M), and Mexico ($2.34M).

In 2022, Malaysia imported $94.6M in Iron Springs, mainly from China ($44.6M), Singapore ($16.2M), Japan ($6.95M), Thailand ($6.45M), and Germany ($5.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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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 Springs were:
Germany $1.54B
China $983M
United States $807M
In 2022, Malaysia's main importing competitors in Iron Springs were:
United States $1.43B
Germany $599M
Mexico $584M

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.6M
TOP IMPORT POTENTIALGermany+ $2.56M

Iron Springs’s highest export potential is United States. With an export gap of $3.6M.   Iron Springs’s highest import potential is Germany with an import gap of $2.56M.

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