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Where does Malaysia get its steel? Import sources 2024

In 2024, Malaysia imported $5.4 billion of steel (6.7 million tonnes), 1.5% of the world total. Its main sources were China (32%), Vietnam (12%) and Japan (11%). Malaysia was the world’s 21st-largest importer of steel.

Summary

Value
$5.4billion
Tonnes
6.7million tonnes
Share of world total
1.5%
World rank
21st
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
China1.7Tonnes: 2,384,588USD per tonne: $72032%Sea
Vietnam0.63Tonnes: 906,243USD per tonne: $69411.7%Sea
Japan0.6Tonnes: 694,701USD per tonne: $86411.2%Sea
South Korea0.58Tonnes: 647,590USD per tonne: $90010.9%Sea
Taiwan0.56Tonnes: 716,144USD per tonne: $78210.5%Sea
Indonesia0.54Tonnes: 560,559USD per tonne: $95510%Land
Singapore re-exports0.26Tonnes: 274,319USD per tonne: $9294.8%Sea
Thailand0.17Tonnes: 249,234USD per tonne: $6693.1%Sea
Oman0.08Tonnes: 153,990USD per tonne: $5511.6%Sea
India0.05Tonnes: 35,835USD per tonne: $1,4720.98%Sea
Sweden0.02Tonnes: 8,633USD per tonne: $2,4380.39%Sea
United States0.02Tonnes: 3,256USD per tonne: $5,6090.34%Sea
Germany0.02Tonnes: 5,802USD per tonne: $3,0020.33%Sea
France0.02Tonnes: 3,883USD per tonne: $4,4530.32%Sea
Italy0.02Tonnes: 4,618USD per tonne: $3,3590.29%Sea
Austria0.01Tonnes: 8,319USD per tonne: $1,5190.24%Sea
Brazil0.01Tonnes: 13,420USD per tonne: $8980.22%Sea
Belgium re-exports0.01Tonnes: 4,722USD per tonne: $2,5020.22%Sea
Turkey0.01Tonnes: 13,704USD per tonne: $7320.19%Sea
United Arab Emirates0.01Tonnes: 2,317USD per tonne: $3,3900.15%Sea

Trend

Who it buys from

China has been its main source since 2012

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

  • China 1.7
  • Vietnam 0.63
  • Japan 0.6
  • South Korea 0.58
  • Taiwan 0.56

Source: CEPII BACI

Show the numbers
Partner19952024
China0.21.7
Vietnam< 0.010.63
Japan1.10.6
South Korea0.380.58
Taiwan0.180.56

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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