Armenia (ARM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Armenia-Malaysia Trade: In 2022, Armenia exported $3.34M to Malaysia. The main products that Armenia exported to Malaysia were Precious Metal Ore ($3.11M), Integrated Circuits ($104k), and Non-Knit Men's Coats ($26.2k). Over the past 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 116%, from $70.4k in 2017 to $3.34M in 2022.

In 2022, Armenia did not export any services to Malaysia.

Malaysia-Armenia Trade: In 2022, Malaysia exported $23.6M to Armenia. The main products that Malaysia exported to Armenia were Other Domestic Electric Housewares ($4.14M), Electric Heaters ($3.54M), and Integrated Circuits ($2.54M). Over the past 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 11.4%, from $12.3M in 2017 to $23.6M in 2022.

In 2022, Malaysia did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $3.34M to Malaysia. The main products exported from Armenia to Malaysia were Precious Metal Ore ($3.11M), Integrated Circuits ($104k), and Non-Knit Men's Coats ($26.2k). During the last 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 116%, from $70.4k in 2017 to $3.34M in 2022.

In 2017, Malaysia exported $23.6M to Armenia. The main products exported from Malaysia to Armenia were Other Domestic Electric Housewares ($4.14M), Electric Heaters ($3.54M), and Integrated Circuits ($2.54M). During the last 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 11.4%, from $12.3M in 2022 to $23.6M in 2017.

Exports from Armenia () to Malaysia () (2022)

Exports from Malaysia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Malaysia ()

Armenia Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Malaysia
Top DestinationSingapore$53.8B

This map shows whether countries import more from Armenia or Malaysia. Each country is colored based on the difference in imports they receive from Armenia and Malaysia or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Malaysia included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

In 2022, countries that imported more from Malaysia than Armenia included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

Difference in imports from Malaysia () and Armenia () (2022)

Comparative Advantage Armenia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Malaysia by product, considering products traded by both, Armenia and Malaysia.

During 2022, Armenia had a large net trade with Malaysia in the exports of Mineral Products ($3.11M), Machines ($162k), and Textiles ($51.7k).

During 2017, Malaysia had a large net trade with Armenia in the exports of Machines ($15.5M), Instruments ($2.65M), and Plastics and Rubbers ($1.24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Malaysia+$386kIntegrated Circuits

Top Product Potential Malaysia Armenia+$2.89MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Malaysia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Malaysia () (2022)

Exports from Malaysia () to Armenia () (2022)

Latest Data

Trade between Armenia () and Malaysia ()

Armenia Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Armenia () (2022)

Comparative Advantage Armenia - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Malaysia () (2022)

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