ASEAN is Malaysia’s Single Largest Export Destination for Iron and Steel Products

Malaysia exports nearly 30% of its iron and steel products to its ASEAN neighbours. If ASEAN were a single country, it would be Malaysia’s largest export destination, almost doubling the next country in line.

The following countries are Malaysia’s top-7 export destinations for iron and steel products. Collectively, they account for 58% of Malaysia’s total iron and steel exports.

Export DestinationExports in MT
(% of Malaysia’s Total Exports)
South Korea465,438 MT
(15.0%)
European Union (25)263,937 MT
(8.5%)
Indonesia261,907 MT
(8.5%)
Singapore231,605 MT
(7.5%)
India211,097 MT
(6.8%)
Thailand202,918 MT
(6.6%)
United States164,167 MT
(5.3%)

Source: Department of Statistics Malaysia. Base year: 2017

Besides Indonesia, Singapore, and Thailand, Malaysia exports its iron and steel products to Vietnam and Philippines as well. Collectively, Malaysia exports 28% of its total iron and steel products to these 5 ASEAN countries.

Export Destination Exports in MT
(% of Malaysia’s Total Exports)
Indonesia261,097 MT
(8.5%)
Singapore231,605 MT
(7.5%)
Thailand202,918 MT
(6.6%)
Vietnam80,995 MT
(2.6%)
Philippines78,218 MT
(2.5%)

Source: Department of Statistics Malaysia. Base year: 2017

More statistical insights into Malaysia’s iron and steel industry like the above can be obtained in MISIF’s industry status and outlook reports.