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Who buys Malaysia’s steel? Export destinations 2024

In 2024, Malaysia exported $4.8 billion of steel (7.7 million tonnes), 1.4% of the world total. Its main destinations were Turkey (23%), Hong Kong (22%) and Singapore (19%). Malaysia was the world’s 21st-largest exporter of steel.

Summary

Value
$4.8billion
Tonnes
7.7million tonnes
Share of world total
1.4%
World rank
21st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Turkey1.1Tonnes: 2,278,098USD per tonne: $48022.6%Sea
Hong Kong re-exports1.1Tonnes: 2,006,500USD per tonne: $53522.2%Sea
Singapore re-exports0.9Tonnes: 1,055,497USD per tonne: $85018.6%Sea
Thailand0.23Tonnes: 403,089USD per tonne: $5584.7%Sea
United States0.22Tonnes: 350,982USD per tonne: $6364.6%Sea
Indonesia0.16Tonnes: 218,988USD per tonne: $7323.3%Sea
Philippines0.16Tonnes: 202,994USD per tonne: $7883.3%Sea
Mexico0.16Tonnes: 232,374USD per tonne: $6713.2%Sea
China0.09Tonnes: 76,354USD per tonne: $1,2251.9%Sea
India0.09Tonnes: 55,491USD per tonne: $1,6531.9%Sea
Australia0.09Tonnes: 114,905USD per tonne: $7461.8%Sea
Myanmar0.06Tonnes: 107,965USD per tonne: $5581.3%Sea
South Korea0.04Tonnes: 39,073USD per tonne: $1,0780.87%Sea
Spain0.04Tonnes: 83,572USD per tonne: $4990.86%Sea
Netherlands re-exports0.04Tonnes: 75,013USD per tonne: $5250.81%Sea
Vietnam0.04Tonnes: 45,938USD per tonne: $7670.73%Sea
Canada0.03Tonnes: 42,640USD per tonne: $5900.52%Sea
Ukraine0.02Tonnes: 19,344USD per tonne: $1,1970.48%Sea
Costa Rica0.02Tonnes: 11,113USD per tonne: $2,0680.48%Air
Taiwan0.02Tonnes: 17,431USD per tonne: $1,2010.43%Sea

Trend

Who it sells to

Turkey has been its main destination since 2024

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

  • Turkey 1.1
  • Hong Kong 1.1
  • Singapore 0.9
  • Thailand 0.23
  • United States 0.22

Source: CEPII BACI

Show the numbers
Partner19952024
Turkey< 0.011.1
Hong Kong0.021.1
Singapore0.110.9
Thailand0.010.23
United States< 0.010.22

Sources and methodology

Other products of this country

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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