NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $2.1BWorld Rnk 2 / 170
Flag Rnk 21 / 1208
2023
Destination $428M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $428MHong Kong
2023
PRODUCT COMPLEXITY IN Raw Iron Bars-1.34Rnk 913 / 1025
2023
Imports $76.8MWorld Rnk 69 / 220
Flag Rnk 387 / 1211
2023
Origin $9.41M China
2022 - 2023
FASTEST GROWING ORIGIN $9.41MSingapore
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $2.1B in Raw Iron Bars, making it the 2nd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 21st most exported product in Malaysia. The main destination of Raw Iron Bars exports from Malaysia are: Hong Kong ($1.56B), Singapore ($377M), Burma ($91.1M), Ghana ($12.4M), and China ($9.77M).

The fastest growing export markets for Raw Iron Bars of Malaysia between 2022 and 2023 were Hong Kong ($428M), Singapore ($135M), and Burma ($12.9M).

Imports In 2023, Malaysia imported $76.8M in Raw Iron Bars, becoming the 69th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 387th most imported product in Malaysia. Malaysia imports Raw Iron Bars primarily from: China ($28.2M), Singapore ($17.9M), Chinese Taipei ($11.2M), Turkey ($8.2M), and Oman ($5.05M).

The fastest growing import markets in Raw Iron Bars for Malaysia between 2022 and 2023 were Singapore ($9.41M), Oman ($2.7M), and Thailand ($1.47M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Raw Iron Bars exports accounted up to MYR275M and imports accounted up to MYR39.4M, resulting in a positive trade balance of MYR236M. Between November 2023 and November 2024 the exports of Malaysia's   Raw Iron Bars have decreased by MYR-247M (-47.3%) from MYR522M to MYR275M, while imports increased by MYR5.21M (15.3%) from MYR34.1M to MYR39.4M.

Destinations In November 2024, Raw Iron Bars were exported mostly to Singapore (MYR121M), Hong Kong (MYR82.1M), Burma (MYR35.8M), Brunei (MYR29.3M), and Australia (MYR5.37M), and were imported mostly from China (MYR14.8M), Singapore (MYR13.9M), Chinese Taipei (MYR3.95M), Oman (MYR2.46M), and Japan (MYR1.06M).

Growth In November 2024, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Australia (MYR-5.65M or -45.5%), Papua New Guinea (MYR-2.6M or -83.2%), and Indonesia (MYR-2.12M or -90.2%). In November 2024, the increase in Raw Iron Bars's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-247M(-47.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR5.21M(15.3%)
MAIN DESTINATION (November 2024)SingaporeMYR121M

This section shows Raw 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 Raw Iron Bars 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
EXPORTS (2023)$2.1B
IMPORTS (2023)$76.8M
NET TRADE (2023)$2.02B

In 2023, Malaysia exported $2.1B in Raw Iron Bars. The main destinations of Malaysia exports on Raw Iron Bars were Hong Kong ($1.56B), Singapore ($377M), Burma ($91.1M), Ghana ($12.4M), and China ($9.77M).

In 2023, Malaysia imported $76.8M in Raw Iron Bars, mainly from China ($28.2M), Singapore ($17.9M), Chinese Taipei ($11.2M), Turkey ($8.2M), and Oman ($5.05M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$428M (37.7%)
Singapore$135M (55.6%)
Burma$12.9M (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Malaysia WERE (2022 - 2023):
China-$300M (-96.8%)
United Kingdom-$40.6M (-100%)
New Zealand-$4.36M (-53.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Malaysia's main importing competitors in Raw Iron Bars were:
Hong Kong $2.3B
United States $1.21B
Germany $1.07B

Explore Visualizations

Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $7.36M
TOP IMPORT POTENTIALTurkey+ $4M

Raw Iron Bars’s highest export potential is Indonesia. With an export gap of $7.36M.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $4M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms