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 Destination | Exports in MT (% of Malaysia’s Total Exports) |
| South Korea | 465,438 MT (15.0%) |
| European Union (25) | 263,937 MT (8.5%) |
| Indonesia | 261,907 MT (8.5%) |
| Singapore | 231,605 MT (7.5%) |
| India | 211,097 MT (6.8%) |
| Thailand | 202,918 MT (6.6%) |
| United States | 164,167 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) |
| Indonesia | 261,097 MT (8.5%) |
| Singapore | 231,605 MT (7.5%) |
| Thailand | 202,918 MT (6.6%) |
| Vietnam | 80,995 MT (2.6%) |
| Philippines | 78,218 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.
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