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2022
Exports $1.83BWorld Rnk 2 / 162
Flag Rnk 25 / 1198
2022
Destination $1.09B Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.09BHong Kong
2022
PRODUCT COMPLEXITY IN Raw Iron Bars-1.3Rnk 911 / 1025
2022
Imports $101MWorld Rnk 60 / 217
Flag Rnk 362 / 1203
2022
Origin $26.2M China
2021 - 2022
FASTEST GROWING ORIGIN $26.2MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.83B 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 25th most exported product in Malaysia. The main destination of Raw Iron Bars exports from Malaysia are: Hong Kong ($1.09B), China ($361M), Singapore ($262M), United Kingdom ($38.4M), and Burma ($30.8M).

The fastest growing export markets for Raw Iron Bars of Malaysia between 2021 and 2022 were Hong Kong ($1.09B), Singapore ($251M), and United Kingdom ($38.4M).

Imports In 2022, Malaysia imported $101M in Raw Iron Bars, becoming the 60th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 362nd most imported product in Malaysia. Malaysia imports Raw Iron Bars primarily from: China ($41.1M), Singapore ($28.9M), Chinese Taipei ($9.7M), Turkey ($7.1M), and Oman ($2.09M).

The fastest growing import markets in Raw Iron Bars for Malaysia between 2021 and 2022 were China ($26.2M), Singapore ($12.6M), and Chinese Taipei ($3.85M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Raw Iron Bars exports accounted up to MYR468M and imports accounted up to MYR40.1M, resulting in a positive trade balance of MYR428M. Between August 2023 and August 2024 the exports of Malaysia's   Raw Iron Bars have decreased by MYR-339M (-42%) from MYR807M to MYR468M, while imports increased by MYR7.78M (24.1%) from MYR32.3M to MYR40.1M.

Destinations In August 2024, Raw Iron Bars were exported mostly to Hong Kong (MYR316M), Singapore (MYR135M), Australia (MYR11.1M), Mexico (MYR4.3M), and New Zealand (MYR1.31M), and were imported mostly from China (MYR19.2M), Singapore (MYR8.21M), Chinese Taipei (MYR6.14M), India (MYR809k), and South Korea (MYR798k).

Growth In August 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 August 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 (August 2023 - August 2024)MYR-339M(-42%)
IMPORT GROWTH (August 2023 - August 2024)MYR7.78M(24.1%)
MAIN DESTINATION (August 2024)Hong KongMYR316M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.83B
IMPORTS (2022)$101M
NET TRADE (2022)$1.73B

In 2022, Malaysia exported $1.83B in Raw Iron Bars. The main destinations of Malaysia exports on Raw Iron Bars were Hong Kong ($1.09B), China ($361M), Singapore ($262M), United Kingdom ($38.4M), and Burma ($30.8M).

In 2022, Malaysia imported $101M in Raw Iron Bars, mainly from China ($41.1M), Singapore ($28.9M), Chinese Taipei ($9.7M), Turkey ($7.1M), and Oman ($2.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Hong Kong$1.09B (1%)
Singapore$251M (2.35k%)
United Kingdom$38.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Malaysia WERE (2021 - 2022):
China-$1.29B (-78.1%)
Australia-$22.8M (-70.4%)
Vanuatu-$1.02M (-80.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Malaysia's main importing competitors in Raw Iron Bars were:
Hong Kong $1.93B
Germany $1.72B
United States $1.58B

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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.

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