Greece (GRC) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Greece-Malaysia Trade: In 2023, Greece exported $350M to Malaysia. The main products that Greece exported to Malaysia were Refined Petroleum ($209M), Other Large Iron Pipes ($85.1M), and Packaged Medicaments ($14.2M). Over the past 5 years the exports of Greece to Malaysia have increased at an annualized rate of 73.9%, from $22M in 2018 to $350M in 2023.

In 2020, Greece exported services to Malaysia worth $264M, with Transportation ($262M), Travel ($571k), and Computer and information services ($571k) being the largest in terms of value.

Malaysia-Greece Trade: In 2023, Malaysia exported $137M to Greece. The main products that Malaysia exported to Greece were Refined Petroleum ($17.9M), Raw Aluminium ($17.8M), and Utility Meters ($15.9M). Over the past 5 years the exports of Malaysia to Greece have increased at an annualized rate of 8.14%, from $92.8M in 2018 to $137M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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, Greece exported $350M to Malaysia. The main products exported from Greece to Malaysia were Refined Petroleum ($209M), Other Large Iron Pipes ($85.1M), and Packaged Medicaments ($14.2M). During the last 5 years the exports of Greece to Malaysia have increased at an annualized rate of 73.9%, from $22M in 2018 to $350M in 2023.

In 2018, Malaysia exported $137M to Greece. The main products exported from Malaysia to Greece were Refined Petroleum ($17.9M), Raw Aluminium ($17.8M), and Utility Meters ($15.9M). During the last 5 years the exports of Malaysia to Greece have increased at an annualized rate of 8.14%, from $92.8M in 2023 to $137M in 2018.

Exports from Greece () to Malaysia () (2023)

Exports from Malaysia () to Greece () (2023)

Latest Data

Trade between Greece () and Malaysia ()

Greece Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Greece than Malaysia included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

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

Comparative Advantage Greece - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Malaysia in the exports of Mineral Products ($216M), Metals ($90.7M), and Chemical Products ($15.4M).

During 2018, Malaysia had a large net trade with Greece in the exports of Metals ($21.4M), Animal and Vegetable Bi-Products ($20.1M), and Mineral Products ($18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Malaysia+$84.6MRefined Petroleum

Top Product Potential Malaysia Greece+$9.99MPalm Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Malaysia () (2023)

Exports from Malaysia () to Greece () (2023)

Latest Data

Trade between Greece () and Malaysia ()

Greece Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Greece - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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