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2022
Exports $216MWorld Rnk 21 / 215
Flag Rnk 176 / 1198
2022
Destination $35.6M United States
2021 - 2022
FASTEST GROWING MARKET $35.6MUnited States
2022
PRODUCT COMPLEXITY IN Iron Pipe Fittings1.14Rnk 121 / 1025
2022
Imports $306MWorld Rnk 24 / 224
Flag Rnk 161 / 1203
2022
Origin $37.7M China
2021 - 2022
FASTEST GROWING ORIGIN $37.7MChina
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $216M in Iron Pipe Fittings, making it the 21st largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 176th most exported product in Malaysia. The main destination of Iron Pipe Fittings exports from Malaysia are: United States ($74.5M), Singapore ($44.9M), India ($10.6M), Netherlands ($10.2M), and Indonesia ($6.6M).

The fastest growing export markets for Iron Pipe Fittings of Malaysia between 2021 and 2022 were United States ($35.6M), India ($7.15M), and Singapore ($4.17M).

Imports In 2022, Malaysia imported $306M in Iron Pipe Fittings, becoming the 24th largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 161st most imported product in Malaysia. Malaysia imports Iron Pipe Fittings primarily from: China ($154M), United States ($44.5M), Singapore ($40.7M), South Korea ($22.7M), and Italy ($6.41M).

The fastest growing import markets in Iron Pipe Fittings for Malaysia between 2021 and 2022 were China ($37.7M), Singapore ($10.4M), and South Korea ($4.14M).

COMPANIES In 2023, leading companies such as SIGMA Corp (10), Danfoss (7), and John Deere (2) were at the forefront of shipping Iron Pipe Fittings from Malaysia to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Iron Pipe Fittings exports accounted up to MYR60.7M and imports accounted up to MYR82.9M, resulting in a negative trade balance of MYR22.2M. Between June 2023 and June 2024 the exports of Malaysia's   Iron Pipe Fittings have increased by MYR1.45M (2.44%) from MYR59.2M to MYR60.7M, while imports decreased by MYR-15.3M (-15.6%) from MYR98.2M to MYR82.9M.

Destinations In June 2024, Iron Pipe Fittings were exported mostly to United States (MYR23.8M), Singapore (MYR13.6M), Japan (MYR2.49M), Italy (MYR2.29M), and Thailand (MYR1.56M), and were imported mostly from China (MYR56.2M), Singapore (MYR11.5M), South Korea (MYR4.82M), United States (MYR3.19M), and Japan (MYR1.51M).

Growth In June 2024, the increase in Iron Pipe Fittings's year-by-year exports was explained primarily by an increase in exports to India (MYR4.48M or 476%), Japan (MYR4.06M or 344%), and Saudi Arabia (MYR450k or 528%). In June 2024, the decrease in Iron Pipe Fittings's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-7.54M or -53.3%), China (MYR-6.32M or -11.2%), and Norway (MYR-2.81M or -95%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR1.45M(2.44%)
IMPORT GROWTH (June 2023 - June 2024)MYR-15.3M(-15.6%)
MAIN DESTINATION (June 2024)United StatesMYR23.8M

This section shows Iron Pipe Fittings'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 Pipe Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$216M
IMPORTS (2022)$306M
NET TRADE (2022)-$89.9M

In 2022, Malaysia exported $216M in Iron Pipe Fittings. The main destinations of Malaysia exports on Iron Pipe Fittings were United States ($74.5M), Singapore ($44.9M), India ($10.6M), Netherlands ($10.2M), and Indonesia ($6.6M).

In 2022, Malaysia imported $306M in Iron Pipe Fittings, mainly from China ($154M), United States ($44.5M), Singapore ($40.7M), South Korea ($22.7M), and Italy ($6.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United States$35.6M (91.6%)
India$7.15M (209%)
Singapore$4.17M (10.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Malaysia WERE (2021 - 2022):
Brunei-$3M (-55.5%)
Thailand-$1.15M (-34.6%)
Nigeria-$717k (-87.7%)
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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 Pipe Fittings were:
China $6.05B
Italy $1.98B
United States $1.97B
In 2022, Malaysia's main importing competitors in Iron Pipe Fittings were:
United States $3.42B
Germany $1.76B
Canada $1.07B

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Trade Value of Iron Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.06M
TOP IMPORT POTENTIALChina+ $16.2M

Iron Pipe Fittings’s highest export potential is United States. With an export gap of $8.06M.   Iron Pipe Fittings’s highest import potential is China with an import gap of $16.2M.

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