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2022
Exports $21.1MWorld Rnk 19 / 97
Flag Rnk 515 / 1198
2022
Destination $2.83M Japan
2021 - 2022
FASTEST GROWING MARKET $2.83MAustria
2022
PRODUCT COMPLEXITY IN Scrap Nickel-0.18Rnk 609 / 1025
2022
Imports $13.2MWorld Rnk 16 / 77
Flag Rnk 788 / 1203
2022
Origin $2.12M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.12MUnited States
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $21.1M in Scrap Nickel, making it the 19th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 515th most exported product in Malaysia. The main destination of Scrap Nickel exports from Malaysia are: Japan ($9.02M), China ($3.33M), Austria ($2.83M), India ($2.57M), and Singapore ($1.13M).

The fastest growing export markets for Scrap Nickel of Malaysia between 2021 and 2022 were Austria ($2.83M), Japan ($1.88M), and Chinese Taipei ($514k).

Imports In 2022, Malaysia imported $13.2M in Scrap Nickel, becoming the 16th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 788th most imported product in Malaysia. Malaysia imports Scrap Nickel primarily from: United States ($2.12M), Hungary ($2.02M), Singapore ($1.56M), Japan ($1.45M), and Indonesia ($795k).

The fastest growing import markets in Scrap Nickel for Malaysia between 2021 and 2022 were United States ($2.12M), Hungary ($2.02M), and Spain ($659k).

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Scrap Nickel exports accounted up to MYR4.91M and imports accounted up to MYR328k, resulting in a positive trade balance of MYR4.58M. Between September 2023 and September 2024 the exports of Malaysia's   Scrap Nickel have decreased by MYR-8.21M (-62.6%) from MYR13.1M to MYR4.91M, while imports decreased by MYR-4.14M (-92.7%) from MYR4.46M to MYR328k.

Destinations In September 2024, Scrap Nickel were exported mostly to South Korea (MYR1.53M), Singapore (MYR1.49M), India (MYR986k), Japan (MYR465k), and Chinese Taipei (MYR436k), and were imported mostly from .

Growth In September 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to India (MYR-4.7M or -98.3%) and Japan (MYR-1.06M or -24.2%). In June 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from United Arab Emirates (MYR-76.2k or -9.66%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-8.21M(-62.6%)
IMPORT GROWTH (June 2023 - June 2024)MYR-4.14M(-92.7%)
MAIN DESTINATION (September 2024)South KoreaMYR1.53M

This section shows Scrap Nickel'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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.1M
IMPORTS (2022)$13.2M
NET TRADE (2022)$7.87M

In 2022, Malaysia exported $21.1M in Scrap Nickel. The main destinations of Malaysia exports on Scrap Nickel were Japan ($9.02M), China ($3.33M), Austria ($2.83M), India ($2.57M), and Singapore ($1.13M).

In 2022, Malaysia imported $13.2M in Scrap Nickel, mainly from United States ($2.12M), Hungary ($2.02M), Singapore ($1.56M), Japan ($1.45M), and Indonesia ($795k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Austria$2.83M (1%)
Japan$1.88M (26.4%)
Chinese Taipei$514k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Malaysia WERE (2021 - 2022):
Hong Kong-$3.23M (-90.3%)
Netherlands-$2.68M (-89.2%)
South Korea-$999k (-69.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Scrap Nickel were:
United Kingdom $218M
United States $130M
Germany $114M
In 2022, Malaysia's main importing competitors in Scrap Nickel were:
United States $399M
Japan $196M
United Kingdom $181M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $452k
TOP IMPORT POTENTIALSingapore+ $572k

Scrap Nickel’s highest export potential is Singapore. With an export gap of $452k.   Scrap Nickel’s highest import potential is Singapore with an import gap of $572k.

See methodology.

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