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2022
Exports $163kWorld Rnk 54 / 91
Flag Rnk 1080 / 1198
2022
Destination $28.5k Austria
2021 - 2022
FASTEST GROWING MARKET $28.5kAustria
2022
PRODUCT COMPLEXITY IN Steel Ingots0.23Rnk 480 / 1025
2022
Imports $2.22MWorld Rnk 44 / 163
Flag Rnk 1022 / 1203
2022
Origin $129k China
2021 - 2022
FASTEST GROWING ORIGIN $129kChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $163k in Steel Ingots, making it the 54th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 1080th most exported product in Malaysia. The main destination of Steel Ingots exports from Malaysia are: Austria ($55.8k), Philippines ($42.3k), France ($29.5k), Singapore ($26.6k), and India ($3.47k).

The fastest growing export markets for Steel Ingots of Malaysia between 2021 and 2022 were Austria ($28.5k), France ($18.5k), and India ($3.47k).

Imports In 2022, Malaysia imported $2.22M in Steel Ingots, becoming the 44th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 1022nd most imported product in Malaysia. Malaysia imports Steel Ingots primarily from: China ($1.75M), Thailand ($138k), Germany ($69.7k), Canada ($59.8k), and Singapore ($54.3k).

The fastest growing import markets in Steel Ingots for Malaysia between 2021 and 2022 were China ($129k), Germany ($67.8k), and Canada ($25.3k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Steel Ingots exports accounted up to MYR2.23k and imports accounted up to MYR1.56M, resulting in a negative trade balance of MYR1.56M. Between March 2022 and June 2024 the exports of Malaysia's   Steel Ingots have decreased by MYR-88.2k (-97.5%) from MYR90.4k to MYR2.23k, while imports increased by MYR1.36M (667%) from MYR204k to MYR1.56M.

Destinations In June 2024, Steel Ingots were exported mostly to Indonesia (MYR2.23k), and were imported mostly from Netherlands (MYR1.31M), China (MYR254k), and United Kingdom (MYR1.57k).

Growth In June 2024, the decrease in Steel Ingots's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Steel Ingots's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2022 - June 2024)MYR-88.2k(-97.5%)
IMPORT GROWTH (June 2023 - June 2024)MYR1.36M(667%)
MAIN DESTINATION (June 2024)IndonesiaMYR2.23k

This section shows Steel Ingots'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 Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$163k
IMPORTS (2022)$2.22M
NET TRADE (2022)-$2.05M

In 2022, Malaysia exported $163k in Steel Ingots. The main destinations of Malaysia exports on Steel Ingots were Austria ($55.8k), Philippines ($42.3k), France ($29.5k), Singapore ($26.6k), and India ($3.47k).

In 2022, Malaysia imported $2.22M in Steel Ingots, mainly from China ($1.75M), Thailand ($138k), Germany ($69.7k), Canada ($59.8k), and Singapore ($54.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Austria$28.5k (104%)
France$18.5k (168%)
India$3.47k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Malaysia WERE (2021 - 2022):
Brunei-$17.1k (-100%)
Australia-$8.95k (-100%)
Saudi Arabia-$7.1k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Steel Ingots were:
Brazil $811M
Germany $381M
Italy $359M
In 2022, Malaysia's main importing competitors in Steel Ingots were:
United States $1.68B
Germany $387M
Italy $358M

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $27.6k
TOP IMPORT POTENTIALChina+ $255k

Steel Ingots’s highest export potential is France. With an export gap of $27.6k.   Steel Ingots’s highest import potential is China with an import gap of $255k.

See methodology.

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