Iran (IRN) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Iran-Malaysia Trade: In 2022, Iran exported $303M to Malaysia. The main products that Iran exported to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). Over the past 5 years the exports of Iran to Malaysia have increased at an annualized rate of 48.9%, from $41.4M in 2017 to $303M in 2022.

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

Malaysia-Iran Trade: In 2022, Malaysia exported $806M to Iran. The main products that Malaysia exported to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). Over the past 5 years the exports of Malaysia to Iran have increased at an annualized rate of 48%, from $113M in 2017 to $806M in 2022.

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

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $303M to Malaysia. The main products exported from Iran to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). During the last 5 years the exports of Iran to Malaysia have increased at an annualized rate of 48.9%, from $41.4M in 2017 to $303M in 2022.

In 2017, Malaysia exported $806M to Iran. The main products exported from Malaysia to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). During the last 22 years the exports of Malaysia to Iran have increased at an annualized rate of 48%, from $113M in 1995 to $806M in 2017.

Exports from Iran () to Malaysia () (2022)

Exports from Malaysia () to Iran () (2022)

Latest Data

Trade between Iran () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Iran than Malaysia included Armenia ($557M), Kuwait ($960M), and Azerbaijan ($454M).

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

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

Comparative Advantage Iran - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Malaysia in the exports of Animal Products ($16.8M), Vegetable Products ($11.2M), and Precious Metals ($6.62M).

During 2017, Malaysia had a large net trade with Iran in the exports of Animal and Vegetable Bi-Products ($630M), Textiles ($50.3M), and Plastics and Rubbers ($40.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Malaysia+$3.19MPetroleum Coke

Top Product Potential Malaysia Iran+$4.52MIndustrial Fatty Acids, Oils and Alcohols

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

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Malaysia () (2022)

Exports from Malaysia () to Iran () (2022)

Latest Data

Trade between Iran () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Iran - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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