Other Iron Bars in Malaysia | The Observatory of Economic Complexity

About

Exports In 2022, Malaysia exported $11.5M in Other Iron Bars, making it the 34th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 612th most exported product in Malaysia. The main destination of Other Iron Bars exports from Malaysia are: Singapore ($3.5M), Australia ($2.31M), Indonesia ($2.05M), Thailand ($2.03M), and New Zealand ($680k).

The fastest growing export markets for Other Iron Bars of Malaysia between 2021 and 2022 were Singapore ($2.07M), Thailand ($888k), and Indonesia ($557k).

Imports In 2022, Malaysia imported $29M in Other Iron Bars, becoming the 33rd largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 627th most imported product in Malaysia. Malaysia imports Other Iron Bars primarily from: China ($6.28M), Chinese Taipei ($5.46M), South Korea ($5.38M), Japan ($4.42M), and Singapore ($3.93M).

The fastest growing import markets in Other Iron Bars for Malaysia between 2021 and 2022 were South Korea ($1.37M), Singapore ($576k), and India ($465k).

Latest Trends

March 2024

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Overview In March 2024 Malaysia's Other Iron Bars exports accounted up to MYR2.02M and imports accounted up to MYR14.2M, resulting in a negative trade balance of MYR12.2M. Between March 2023 and March 2024 the exports of Malaysia's Other Iron Bars have decreased by MYR-3.44M (-63%) from MYR5.46M to MYR2.02M, while imports increased by MYR727k (5.41%) from MYR13.5M to MYR14.2M.

Destinations In March 2024, Other Iron Bars were exported mostly to Singapore (MYR1.11M), Australia (MYR394k), Indonesia (MYR227k), Japan (MYR142k), and Vietnam (MYR61.8k), and were imported mostly from China (MYR4.94M), Singapore (MYR4.34M), Japan (MYR2.38M), Chinese Taipei (MYR1.84M), and Thailand (MYR472k).

Growth In March 2024, the decrease in Other Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Indonesia (MYR-682k or -73.7%), Australia (MYR-315k or -33.4%), and Philippines (MYR-147k or -63.7%). In March 2024, the increase in Other Iron Bars's year-by-year imports was explained primarily by an increase in imports from Turkey (MYR623k or 110%), China (MYR613k or 224%), and Chinese Taipei (MYR164k or 6.09%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)MYR-3.44M(-63%)

IMPORT GROWTH (March 2023 - March 2024)MYR727k(5.41%)

MAIN DESTINATION (March 2024)SingaporeMYR1.11M

This section shows Other Iron 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 Other Iron Bars over time.

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