Raw Iron Bars in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $1.83B in Raw Iron Bars, making it the 2nd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 25th most exported product in Malaysia. The main destination of Raw Iron Bars exports from Malaysia are: Hong Kong ($1.09B), China ($361M), Singapore ($262M), United Kingdom ($38.4M), and Burma ($30.8M).

The fastest growing export markets for Raw Iron Bars of Malaysia between 2021 and 2022 were Hong Kong ($1.09B), Singapore ($251M), and United Kingdom ($38.4M).

Imports In 2022, Malaysia imported $101M in Raw Iron Bars, becoming the 60th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 362nd most imported product in Malaysia. Malaysia imports Raw Iron Bars primarily from: China ($41.1M), Singapore ($28.9M), Chinese Taipei ($9.7M), Turkey ($7.1M), and Oman ($2.09M).

The fastest growing import markets in Raw Iron Bars for Malaysia between 2021 and 2022 were China ($26.2M), Singapore ($12.6M), and Chinese Taipei ($3.85M).

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Raw Iron Bars exports accounted up to MYR470M and imports accounted up to MYR13.6M, resulting in a positive trade balance of MYR456M. Between September 2019 and September 2020 the exports of Malaysia's Raw Iron Bars have increased by MYR414M (741%) from MYR55.9M to MYR470M, while imports decreased by MYR-1.23M (-8.28%) from MYR14.8M to MYR13.6M.

Destinations In September 2020, Raw Iron Bars were exported mostly to China (MYR461M), Singapore (MYR3.96M), Australia (MYR2.42M), Maldives (MYR2.12M), and Papua New Guinea (MYR191k), and were imported mostly from Turkey (MYR5.41M), Singapore (MYR2.87M), Chinese Taipei (MYR2.64M), United Arab Emirates (MYR1.08M), and Ukraine (MYR526k).

Growth In September 2020, the increase in Raw Iron Bars's year-by-year exports was explained primarily by an increase in exports to New Zealand (MYR3.39M or 219%) and Singapore (MYR3.14M or 517%). In September 2020, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-15.7M or -52.3%), South Korea (MYR-1.84M or -81.3%), and Chinese Taipei (MYR-735k or -30.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR414M(741%)

IMPORT GROWTH (September 2019 - September 2020)MYR-1.23M(-8.28%)

MAIN DESTINATION (September 2020)ChinaMYR461M

This section shows Raw Iron 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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.83B

IMPORTS (2022)$101M

NET TRADE (2022)$1.73B

In 2022, Malaysia exported $1.83B in Raw Iron Bars. The main destinations of Malaysia exports on Raw Iron Bars were Hong Kong ($1.09B), China ($361M), Singapore ($262M), United Kingdom ($38.4M), and Burma ($30.8M).

In 2022, Malaysia imported $101M in Raw Iron Bars, mainly from China ($41.1M), Singapore ($28.9M), Chinese Taipei ($9.7M), Turkey ($7.1M), and Oman ($2.09M).

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