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2022
Flag → Flag
Exports $575MRnk 63 / 218
2022
Flag → Flag
Top Product $48.2MPig Meat
2022
Flag → Flag
Exports $1.78BRnk 26 / 218
2022
Flag → Flag
Top Product $148MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Spain-Malaysia Trade: In 2022, Spain exported $575M to Malaysia. The main products that Spain exported to Malaysia were Pig Meat ($48.2M), Packaged Medicaments ($35.6M), and Scrap Aluminium ($17.5M). Over the past 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 6.07%, from $787M in 2017 to $575M in 2022.

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

Malaysia-Spain Trade: In 2022, Malaysia exported $1.78B to Spain. The main products that Malaysia exported to Spain were Palm Oil ($148M), Refined Petroleum ($109M), and Industrial Fatty Acids, Oils and Alcohols ($105M). Over the past 5 years the exports of Malaysia to Spain have increased at an annualized rate of 18%,  from $776M in 2017 to $1.78B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €46M and imported €122M from Malaysia, resulting in a negative trade balance of €75.8M. Between September 2023 and September 2024 the exports of Spain have decreased by €-11.1M (-19.4%) from €57.1M to €46M, while imports increased by €3.81M (3.23%) from €118M to €122M.

Trade In September 2024, the top exports of Spain to Malaysia were Pig Meat (€4.4M), Packaged Medicaments (€2.27M), Scrap Aluminium (€2.21M), Scrap Waste (€1.89M), and Scrap Plastic (€1.88M). In September 2024 the top imports of Spain from Malaysia were Raw Aluminium (€15.4M), Biodiesel and mixtures thereof (€15.3M), Refined Petroleum (€14.5M), Palm Oil (€11.1M), and Air Conditioners (€5.83M).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€11.5M), Asturias (€6.04M), Sevilla (€5.58M), Madrid (€4.5M), and Vizcaya (€1.94M), while imports destinations were mainly Madrid (€31.7M), Barcelona (€27M), Vizcaya (€15.8M), Huelva (€11.6M), and Valencia (€11.3M).

Growth In September 2024, the decrease in Spain's year-by-year exports to Malaysia was explained primarily by an decrease in product exports in Other Heating Machinery (€-3.43M or -96.8%), Styrene Polymers (€-1.03M or -94.7%), and Jams (€-801k or -100%). In September 2024, the increase in Spain's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Biodiesel and mixtures thereof (€10.4M or 215%), Palm Oil (€7.75M or 231%), and Air Conditioners (€4.08M or 234%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-11.1M(-19.4%)
IMPORT GROWTH (September 2023 - September 2024)€3.81M(3.23%)
MAIN EXPORTER (September 2024)Barcelona€11.5M

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

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

For full datasets download visit Bulk Download page.

Explore Malaysia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $575M to Malaysia. The main products exported from Spain to Malaysia were Pig Meat ($48.2M), Packaged Medicaments ($35.6M), and Scrap Aluminium ($17.5M). During the last 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 6.07%, from $787M in 2017 to $575M in 2022.

In 2017, Malaysia exported $1.78B to Spain. The main products exported from Malaysia to Spain were Palm Oil ($148M), Refined Petroleum ($109M), and Industrial Fatty Acids, Oils and Alcohols ($105M). During the last 5 years the exports of Malaysia to Spain have increased at an annualized rate of 18%, from $776M in 2022 to $1.78B in 2017.

Exports from Spain (Flag) to Malaysia (Flag) (2022)

Exports from Malaysia (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Spain than Malaysia included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Difference in imports from Malaysia (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Malaysia

Flow
Scale

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

During 2022, Spain had a large net trade with Malaysia in the exports of Chemical Products ($97.8M), Metals ($94.6M), and Machines ($89.3M).

During 2017, Malaysia had a large net trade with Spain in the exports of Machines ($438M), Animal and Vegetable Bi-Products ($369M), and Metals ($321M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Malaysia+$27.8MPackaged Medicaments
Top Product Potential Malaysia Spain+$115MRefined Petroleum

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

Product Space of Spain (Flag) and Malaysia (Flag) (2022)

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