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Where does Malaysia get its iron ore? Import sources 2024

In 2024, Malaysia imported $2.2 billion of iron ore (25.6 million tonnes), 1.3% of the world total. Brazil sold 73% of the total, followed by Australia (11%) and India (6%). Malaysia was the world’s 7th-largest importer of iron ore.

Summary

Value
$2.2billion
Tonnes
25.6million tonnes
Share of world total
1.3%
World rank
7th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Brazil1.6Tonnes: 20,231,223USD per tonne: $7972.7%Sea
Australia0.25Tonnes: 2,136,633USD per tonne: $11711.4%Sea
India0.12Tonnes: 999,830USD per tonne: $1235.6%Sea
Bahrain0.05Tonnes: 406,986USD per tonne: $1262.3%Sea
United Arab Emirates0.04Tonnes: 398,543USD per tonne: $1031.9%Sea
China0.03Tonnes: 431,243USD per tonne: $751.5%Sea
Switzerland0.02Tonnes: 418,295USD per tonne: $531%Sea
South Africa0.02Tonnes: 156,176USD per tonne: $1090.78%Sea
Sweden0.01Tonnes: 0USD per tonne: $7,2200.59%Sea
Pakistan0.01Tonnes: 50,055USD per tonne: $1880.43%Sea
Hong Kong re-exports0.01Tonnes: 73,398USD per tonne: $1050.35%Sea
Canada0.01Tonnes: 82,303USD per tonne: $870.33%Sea
Venezuela0.01Tonnes: 56,840USD per tonne: $1100.28%Sea
Qatar0.01Tonnes: 51,052USD per tonne: $1130.26%Sea
Egypt< 0.01Tonnes: 51,016USD per tonne: $940.22%Sea
South Korea< 0.01Tonnes: 24,850USD per tonne: $1330.15%Sea
Oman< 0.01Tonnes: 26,000USD per tonne: $1080.13%Sea
Turkey< 0.01Tonnes: 13,000USD per tonne: $1120.07%Sea
Peru< 0.01Tonnes: 8,954USD per tonne: $430.02%Sea
Singapore re-exports< 0.01Tonnes: 184USD per tonne: $1,0240.01%Sea

Trend

Who it buys from

Brazil has been its main source since 2007

Value in USD billions. The five largest sources in 2024.

  • Brazil 1.6
  • Australia 0.25
  • India 0.12
  • Bahrain 0.05
  • United Arab Emirates 0.04

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil0.041.6
Australia00.25
India< 0.010.12
Bahrain0.020.05
United Arab Emirates00.04

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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