Colombia (COL) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Colombia-Malaysia Trade: In 2023, Colombia exported $336M to Malaysia. The main products that Colombia exported to Malaysia were Crude Petroleum ($230M), Coffee ($18.4M), and Coke ($14.3M). Over the past 5 years the exports of Colombia to Malaysia have increased at an annualized rate of 13.5%, from $178M in 2018 to $336M in 2023.

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

Malaysia-Colombia Trade: In 2023, Malaysia exported $178M to Colombia. The main products that Malaysia exported to Colombia were Medical Instruments ($13.8M), Broadcasting Equipment ($13.6M), and Rubber Apparel ($13.4M). Over the past 5 years the exports of Malaysia to Colombia have decreased at an annualized rate of 3.34%, from $211M in 2018 to $178M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $336M to Malaysia. The main products exported from Colombia to Malaysia were Crude Petroleum ($230M), Coffee ($18.4M), and Coke ($14.3M). During the last 5 years the exports of Colombia to Malaysia have increased at an annualized rate of 13.5%, from $178M in 2018 to $336M in 2023.

In 2018, Malaysia exported $178M to Colombia. The main products exported from Malaysia to Colombia were Medical Instruments ($13.8M), Broadcasting Equipment ($13.6M), and Rubber Apparel ($13.4M). During the last 5 years the exports of Malaysia to Colombia have decreased at an annualized rate of 3.34%, from $211M in 2023 to $178M in 2018.

Exports from Colombia () to Malaysia () (2023)

Exports from Malaysia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Malaysia ()

Colombia Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Colombia than Malaysia included Panama ($4.66B), Ecuador ($2.19B), and Chile ($1.16B).

In 2023, countries that imported more from Malaysia than Colombia included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

Difference in imports from Malaysia () and Colombia () (2023)

Comparative Advantage Colombia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Malaysia in the exports of Mineral Products ($265M), Metals ($38.6M), and Vegetable Products ($18.6M).

During 2018, Malaysia had a large net trade with Colombia in the exports of Machines ($66.9M), Instruments ($27.2M), and Plastics and Rubbers ($21.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Malaysia+$22.1MCoal Briquettes

Top Product Potential Malaysia Colombia+$31.1MTelephones

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 Colombia and Malaysia. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Malaysia () (2023)

Exports from Malaysia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Malaysia ()

Colombia Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Colombia () (2023)

Comparative Advantage Colombia - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Malaysia () (2023)

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