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2023
Flag → Flag
Exports $933MRnk 31 / 215
2023
Flag → Flag
Top Product $155MPotassic Fertilizers
2023
Flag → Flag
Exports $2.26BRnk 22 / 221
2023
Flag → Flag
Top Product $253MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Canada-Malaysia Trade: In 2023, Canada exported $933M to Malaysia. The main products that Canada exported to Malaysia were Potassic Fertilizers ($155M), Wheat ($116M), and Soybeans ($48M). Over the past 5 years the exports of Canada to Malaysia have increased at an annualized rate of 4.43%, from $751M in 2018 to $933M in 2023.

In 2020, Canada exported services to Malaysia worth $132M, with Royalties and license fees ($65.6M), Travel ($32.1M), and Transportation ($12.7M) being the largest in terms of value.

Malaysia-Canada Trade: In 2023, Malaysia exported $2.26B to Canada. The main products that Malaysia exported to Canada were Broadcasting Equipment ($253M), Industrial Printers ($124M), and Palm Oil ($106M). Over the past 5 years the exports of Malaysia to Canada have decreased at an annualized rate of 0.093%,  from $2.27B in 2018 to $2.26B in 2023.

In 2023, Malaysia did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$104M and imported C$275M from Malaysia, resulting in a negative trade balance of C$171M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-4.59M (-4.24%) from C$108M to C$104M, while imports decreased by C$-38.4M (-12.3%) from C$313M to C$275M.

Trade In November 2024, the top exports of Canada to Malaysia were Self-Propelled Rail Transport (C$9.84M), Integrated Circuits (C$5.27M), Sulfate Chemical Woodpulp (C$4.24M), Soybeans (C$3.49M), and Wheat (C$3.45M). In November 2024 the top imports of Canada from Malaysia were Telephones (C$37.5M), Integrated Circuits (C$29.6M), Industrial Printers (C$15.2M), Palm Oil (C$12.8M), and Microphones and Headphones (C$10.8M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$35M), Saskatchewan (C$30.1M), Alberta (C$11.4M), British Columbia (C$10.7M), and Quebec (C$7.81M), while imports destinations were mainly Ontario (C$164M), Quebec (C$53.1M), British Columbia (C$29.5M), Alberta (C$13.4M), and Manitoba (C$8.95M).

Growth In November 2024, the decrease in Canada's year-by-year exports to Malaysia was explained primarily by an decrease in product exports in Wheat (C$-13.5M or -79.6%), Sawn Wood (C$-2.21M or -78.3%), and Scrap Iron (C$-1.84M or -59.5%). In November 2024, the decrease in Canada's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Semiconductor Devices (C$-28.4M or -75.9%), Computers (C$-26.3M or -74.5%), and Rubber Apparel (C$-14.1M or -56.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-4.59M(-4.24%)
IMPORT GROWTH (November 2023 - November 2024)C$-38.4M(-12.3%)
MAIN EXPORTER (November 2024)OntarioC$35M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Malaysia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $933M to Malaysia. The main products exported from Canada to Malaysia were Potassic Fertilizers ($155M), Wheat ($116M), and Soybeans ($48M). During the last 5 years the exports of Canada to Malaysia have increased at an annualized rate of 4.43%, from $751M in 2018 to $933M in 2023.

In 2018, Malaysia exported $2.26B to Canada. The main products exported from Malaysia to Canada were Broadcasting Equipment ($253M), Industrial Printers ($124M), and Palm Oil ($106M). During the last 5 years the exports of Malaysia to Canada have decreased at an annualized rate of 0.093%, from $2.27B in 2023 to $2.26B in 2018.

Exports from Canada (Flag) to Malaysia (Flag) (2023)

Exports from Malaysia (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Canada than Malaysia included United States ($410B), United Kingdom ($18B), and Switzerland ($6.71B).

In 2023, countries that imported more from Malaysia than Canada included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

Difference in imports from Malaysia (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Malaysia

Flow
Scale

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

During 2023, Canada had a large net trade with Malaysia in the exports of Chemical Products ($210M), Vegetable Products ($169M), and Machines ($155M).

During 2018, Malaysia had a large net trade with Canada in the exports of Machines ($1.19B), Instruments ($233M), and Animal and Vegetable Bi-Products ($193M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Malaysia+$36.1MCoal Briquettes
Top Product Potential Malaysia Canada+$136MIntegrated 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

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

Product Space of Canada (Flag) and Malaysia (Flag) (2023)

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