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2022
Exports $562MWorld Rnk 24 / 208
Flag Rnk 89 / 1198
2022
Destination $37.6M Singapore
2021 - 2022
FASTEST GROWING MARKET $37.6MAustralia
2022
PRODUCT COMPLEXITY IN Iron Structures0.5Rnk 363 / 1025
2022
Imports $623MWorld Rnk 31 / 224
Flag Rnk 82 / 1203
2022
Origin $186M China
2021 - 2022
FASTEST GROWING ORIGIN $186MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $562M in Iron Structures, making it the 24th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 89th most exported product in Malaysia. The main destination of Iron Structures exports from Malaysia are: Singapore ($209M), Australia ($93M), United States ($61.7M), Finland ($32.3M), and Indonesia ($13.8M).

The fastest growing export markets for Iron Structures of Malaysia between 2021 and 2022 were Australia ($37.6M), Singapore ($34.2M), and Finland ($14.5M).

Imports In 2022, Malaysia imported $623M in Iron Structures, becoming the 31st largest importer of Iron Structures in the world. At the same year, Iron Structures was the 82nd most imported product in Malaysia. Malaysia imports Iron Structures primarily from: China ($504M), Vietnam ($35.3M), South Korea ($34.8M), Singapore ($14.1M), and United Arab Emirates ($5.12M).

The fastest growing import markets in Iron Structures for Malaysia between 2021 and 2022 were China ($186M), Vietnam ($34.5M), and South Korea ($14.1M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Iron Structures exports accounted up to MYR194M and imports accounted up to MYR178M, resulting in a positive trade balance of MYR16.2M. Between June 2023 and June 2024 the exports of Malaysia's   Iron Structures have increased by MYR28.7M (17.3%) from MYR166M to MYR194M, while imports decreased by MYR-35.9M (-16.8%) from MYR214M to MYR178M.

Destinations In June 2024, Iron Structures were exported mostly to Singapore (MYR79M), India (MYR36.9M), Australia (MYR20.1M), United States (MYR18.7M), and United Arab Emirates (MYR5.07M), and were imported mostly from China (MYR142M), Indonesia (MYR13.6M), Singapore (MYR8.42M), Austria (MYR2.95M), and Sweden (MYR2.23M).

Growth In June 2024, the increase in Iron Structures's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR1.91M or 74%), Saudi Arabia (MYR706k or 233%), and Chinese Taipei (MYR690k or 2.61k%). In June 2024, the decrease in Iron Structures's year-by-year imports was explained primarily by a decrease in imports from China (MYR-7.46M or -6.89%), Turkey (MYR-2.31M or -99.5%), and Singapore (MYR-1.64M or -36.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR28.7M(17.3%)
IMPORT GROWTH (June 2023 - June 2024)MYR-35.9M(-16.8%)
MAIN DESTINATION (June 2024)SingaporeMYR79M

This section shows Iron Structures'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 Iron Structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$562M
IMPORTS (2022)$623M
NET TRADE (2022)-$61M

In 2022, Malaysia exported $562M in Iron Structures. The main destinations of Malaysia exports on Iron Structures were Singapore ($209M), Australia ($93M), United States ($61.7M), Finland ($32.3M), and Indonesia ($13.8M).

In 2022, Malaysia imported $623M in Iron Structures, mainly from China ($504M), Vietnam ($35.3M), South Korea ($34.8M), Singapore ($14.1M), and United Arab Emirates ($5.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Australia$37.6M (68%)
Singapore$34.2M (19.5%)
Finland$14.5M (81.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Malaysia WERE (2021 - 2022):
United States-$128M (-67.5%)
Indonesia-$8.43M (-37.8%)
Hong Kong-$5.03M (-82.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Iron Structures were:
China $18.3B
Germany $5.23B
Poland $3.63B
In 2022, Malaysia's main importing competitors in Iron Structures were:
United States $8.53B
Germany $5.47B
France $3.4B

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.7M
TOP IMPORT POTENTIALVietnam+ $11.6M

Iron Structures’s highest export potential is United States. With an export gap of $33.7M.   Iron Structures’s highest import potential is Vietnam with an import gap of $11.6M.

See methodology.

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