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2022
Exports $3.58MWorld Rnk 31 / 97
Flag Rnk 795 / 1198
2022
Destination $326k Singapore
2021 - 2022
FASTEST GROWING MARKET $326kPhilippines
2022
PRODUCT COMPLEXITY IN Nickel Bars1.16Rnk 113 / 1025
2022
Imports $16.7MWorld Rnk 32 / 170
Flag Rnk 748 / 1203
2022
Origin $1.29M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $1.29MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $3.58M in Nickel Bars, making it the 31st largest exporter of Nickel Bars in the world. At the same year, Nickel Bars was the 795th most exported product in Malaysia. The main destination of Nickel Bars exports from Malaysia are: Singapore ($1.28M), United States ($995k), Philippines ($745k), India ($163k), and Germany ($102k).

The fastest growing export markets for Nickel Bars of Malaysia between 2021 and 2022 were Philippines ($326k), United States ($157k), and Germany ($88.6k).

Imports In 2022, Malaysia imported $16.7M in Nickel Bars, becoming the 32nd largest importer of Nickel Bars in the world. At the same year, Nickel Bars was the 748th most imported product in Malaysia. Malaysia imports Nickel Bars primarily from: Switzerland ($4.46M), Japan ($2.73M), United States ($2.42M), Singapore ($1.53M), and China ($1.52M).

The fastest growing import markets in Nickel Bars for Malaysia between 2021 and 2022 were United States ($1.29M), Belgium ($1.1M), and Canada ($487k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Nickel Bars exports accounted up to MYR2.6M and imports accounted up to MYR11.8M, resulting in a negative trade balance of MYR9.21M. Between June 2023 and June 2024 the exports of Malaysia's   Nickel Bars have increased by MYR2.45M (1.69k%) from MYR145k to MYR2.6M, while imports increased by MYR3.28M (38.5%) from MYR8.53M to MYR11.8M.

Destinations In June 2024, Nickel Bars were exported mostly to Saudi Arabia (MYR2.06M), Singapore (MYR413k), China (MYR85.9k), Thailand (MYR24.1k), and United States (MYR12.4k), and were imported mostly from United Kingdom (MYR2.93M), Switzerland (MYR2.29M), Japan (MYR1.73M), Germany (MYR1.46M), and Singapore (MYR1.38M).

Growth In June 2024, the increase in Nickel Bars's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Nickel Bars's year-by-year imports was explained primarily by an increase in imports from United States (MYR4.59M or 538%), Germany (MYR515k or 75%), and Austria (MYR368k or 4.63k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR2.45M(1.69k%)
IMPORT GROWTH (June 2023 - June 2024)MYR3.28M(38.5%)
MAIN DESTINATION (June 2024)Saudi ArabiaMYR2.06M

This section shows Nickel Bars'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 Nickel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.58M
IMPORTS (2022)$16.7M
NET TRADE (2022)-$13.1M

In 2022, Malaysia exported $3.58M in Nickel Bars. The main destinations of Malaysia exports on Nickel Bars were Singapore ($1.28M), United States ($995k), Philippines ($745k), India ($163k), and Germany ($102k).

In 2022, Malaysia imported $16.7M in Nickel Bars, mainly from Switzerland ($4.46M), Japan ($2.73M), United States ($2.42M), Singapore ($1.53M), and China ($1.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Philippines$326k (78.1%)
United States$157k (18.7%)
Germany$88.6k (658%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Bars BY Malaysia WERE (2021 - 2022):
Singapore-$2.37M (-64.9%)
China-$274k (-84.7%)
Vietnam-$252k (-98.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Nickel Bars were:
United States $976M
Germany $530M
France $397M
In 2022, Malaysia's main importing competitors in Nickel Bars were:
United States $540M
Germany $390M
China $337M

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Trade Value of Nickel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $449k
TOP IMPORT POTENTIALUnited States+ $843k

Nickel Bars’s highest export potential is United States. With an export gap of $449k.   Nickel Bars’s highest import potential is United States with an import gap of $843k.

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