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2022
Exports $16.7MWorld Rnk 48 / 149
Flag Rnk 556 / 1198
2022
Destination $7.58M South Korea
2021 - 2022
FASTEST GROWING MARKET $7.58MSouth Korea
2022
PRODUCT COMPLEXITY IN Other Steel Bars0.29Rnk 456 / 1025
2022
Imports $75MWorld Rnk 42 / 218
Flag Rnk 426 / 1203
2022
Origin $1.75M China
2021 - 2022
FASTEST GROWING ORIGIN $1.75MJapan
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $16.7M in Other Steel Bars, making it the 48th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 556th most exported product in Malaysia. The main destination of Other Steel Bars exports from Malaysia are: South Korea ($7.98M), Indonesia ($3.98M), Singapore ($2.06M), Australia ($977k), and Vietnam ($456k).

The fastest growing export markets for Other Steel Bars of Malaysia between 2021 and 2022 were South Korea ($7.58M), Indonesia ($1.1M), and Vietnam ($316k).

Imports In 2022, Malaysia imported $75M in Other Steel Bars, becoming the 42nd largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 426th most imported product in Malaysia. Malaysia imports Other Steel Bars primarily from: China ($38.4M), Japan ($9.2M), South Korea ($5.79M), Singapore ($4.71M), and Chinese Taipei ($4.59M).

The fastest growing import markets in Other Steel Bars for Malaysia between 2021 and 2022 were Japan ($1.75M), Oman ($1.32M), and India ($1.29M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Other Steel Bars exports accounted up to MYR7.4M and imports accounted up to MYR30M, resulting in a negative trade balance of MYR22.6M. Between June 2023 and June 2024 the exports of Malaysia's   Other Steel Bars have increased by MYR4.69M (172%) from MYR2.72M to MYR7.4M, while imports decreased by MYR-932k (-3.01%) from MYR31M to MYR30M.

Destinations In June 2024, Other Steel Bars were exported mostly to Singapore (MYR5.9M), Australia (MYR1.41M), Indonesia (MYR76.5k), Vietnam (MYR6.11k), and United Arab Emirates (MYR4.43k), and were imported mostly from China (MYR18.5M), Singapore (MYR4.78M), Japan (MYR3.26M), Chinese Taipei (MYR1.47M), and South Korea (MYR985k).

Growth In June 2024, the increase in Other Steel Bars's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from South Korea (MYR-1.1M or -36.9%), Singapore (MYR-772k or -60.6%), and Turkey (MYR-676k or -85.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR4.69M(172%)
IMPORT GROWTH (June 2023 - June 2024)MYR-932k(-3.01%)
MAIN DESTINATION (June 2024)SingaporeMYR5.9M

This section shows Other Steel 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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.7M
IMPORTS (2022)$75M
NET TRADE (2022)-$58.3M

In 2022, Malaysia exported $16.7M in Other Steel Bars. The main destinations of Malaysia exports on Other Steel Bars were South Korea ($7.98M), Indonesia ($3.98M), Singapore ($2.06M), Australia ($977k), and Vietnam ($456k).

In 2022, Malaysia imported $75M in Other Steel Bars, mainly from China ($38.4M), Japan ($9.2M), South Korea ($5.79M), Singapore ($4.71M), and Chinese Taipei ($4.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
South Korea$7.58M (1.92k%)
Indonesia$1.1M (38%)
Vietnam$316k (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Malaysia WERE (2021 - 2022):
United Kingdom-$2.72M (-99.9%)
Singapore-$667k (-24.4%)
Brunei-$227k (-92.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Other Steel Bars were:
China $3.04B
Germany $1.79B
Japan $1.06B
In 2022, Malaysia's main importing competitors in Other Steel Bars were:
Germany $1.71B
United States $1.1B
Mexico $818M

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $2.7M
TOP IMPORT POTENTIALChina+ $7.24M

Other Steel Bars’s highest export potential is Indonesia. With an export gap of $2.7M.   Other Steel Bars’s highest import potential is China with an import gap of $7.24M.

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