Iron Ingots in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $201k in Iron Ingots, making it the 60th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1068th most exported product in Malaysia. The main destination of Iron Ingots exports from Malaysia are: Singapore ($62.7k), Indonesia ($49.9k), India ($47.1k), United States ($20.5k), and United Kingdom ($13.6k).

The fastest growing export markets for Iron Ingots of Malaysia between 2021 and 2022 were Singapore ($31.4k), United Kingdom ($13.6k), and Poland ($1.53k).

Imports In 2022, Malaysia imported $5.04M in Iron Ingots, becoming the 28th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 934th most imported product in Malaysia. Malaysia imports Iron Ingots primarily from: China ($4.45M), South Korea ($307k), Sweden ($56.3k), United States ($47.1k), and United Kingdom ($43.6k).

The fastest growing import markets in Iron Ingots for Malaysia between 2021 and 2022 were China ($4.19M), South Korea ($164k), and Sweden ($42.8k).

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Iron Ingots exports accounted up to MYR9.28k and imports accounted up to MYR65.4k, resulting in a negative trade balance of MYR56.1k. Between September 2019 and September 2020 the exports of Malaysia's Iron Ingots have decreased by MYR-2.08M (-99.6%) from MYR2.09M to MYR9.28k, while imports decreased by MYR-121k (-65%) from MYR187k to MYR65.4k.

Destinations In September 2020, Iron Ingots were exported mostly to Singapore (MYR9.28k), and were imported mostly from United States (MYR26.3k), China (MYR24.1k), and Italy (MYR15k).

Growth In September 2020, the decrease in Iron Ingots's year-by-year exports was explained primarily by a decrease in exports to . In September 2020, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-84.6k or -73.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR-2.08M(-99.6%)

IMPORT GROWTH (September 2019 - September 2020)MYR-121k(-65%)

MAIN DESTINATION (September 2020)SingaporeMYR9.28k

This section shows Iron 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 Iron Ingots over time.

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