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Pricing

2022
Flag → Flag
Exports $3.09MRnk 174 / 218
2022
Flag → Flag
Top Product $1.31MPalm Oil
2022
Flag → Flag
Exports $439kRnk 70 / 129
2022
Flag → Flag
Top Product $147kLeather Footwear
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
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GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
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GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Malaysia-Albania Trade: In 2022, Malaysia exported $3.09M to Albania. The main products that Malaysia exported to Albania were Palm Oil ($1.31M), Rubber Apparel ($844k), and Electric Heaters ($143k). Over the past 5 years the exports of Malaysia to Albania have decreased at an annualized rate of 4.96%, from $3.99M in 2017 to $3.09M in 2022.

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

Albania-Malaysia Trade: In 2022, Albania exported $439k to Malaysia. The main products that Albania exported to Malaysia were Leather Footwear ($147k), Ferroalloys ($67.8k), and Perfume Plants ($45.6k). Over the past 5 years the exports of Albania to Malaysia have increased at an annualized rate of 10.7%,  from $264k in 2017 to $439k in 2022.

In 2017, Albania exported services to Malaysia worth $1.24M, with Travel ($1.24M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Malaysia exported MYR1.57M and imported MYR9.55M from Albania, resulting in a negative trade balance of MYR7.98M. Between June 2023 and June 2024 the exports of Malaysia have decreased by MYR-43.2M (-96.5%) from MYR44.8M to MYR1.57M, while imports increased by MYR9.47M (11k%) from MYR85.9k to MYR9.55M.

Trade In June 2024, the top exports of Malaysia to Albania were Excavation Machinery (MYR820k), Rubber Apparel (MYR373k), Electric Heaters (MYR188k), Soap (MYR169k), and Cocoa Butter (MYR67k). In June 2024 the top imports of Malaysia from Albania were Leather Footwear (MYR241k), Animal Meal and Pellets (MYR113k), Trunks and Cases (MYR64.3k), Knit Sweaters (MYR17.3k), and Leather Apparel (MYR14.1k).

Growth In June 2024, the decrease in Malaysia's year-by-year exports to Albania was explained primarily by an decrease in product exports in Palm Oil (MYR-513k or -89.5%) and Commodities not elsewhere specified (MYR-11.1k or -99.9%). In June 2024, the increase in Malaysia's year-by-year imports  from Albania was explained primarily by an increase in product imports  in Knit Sweaters (MYR7.94k or 85.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)MYR-43.2M(-96.5%)
IMPORT GROWTH (June 2023 - June 2024)MYR9.47M(11k%)

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

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

For full datasets download visit Bulk Download page.

Explore Albania and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $3.09M to Albania. The main products exported from Malaysia to Albania were Palm Oil ($1.31M), Rubber Apparel ($844k), and Electric Heaters ($143k). During the last 5 years the exports of Malaysia to Albania have decreased at an annualized rate of 4.96%, from $3.99M in 2017 to $3.09M in 2022.

In 2017, Albania exported $439k to Malaysia. The main products exported from Albania to Malaysia were Leather Footwear ($147k), Ferroalloys ($67.8k), and Perfume Plants ($45.6k). During the last 5 years the exports of Albania to Malaysia have increased at an annualized rate of 10.7%, from $264k in 2022 to $439k in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Albania
Top DestinationItaly$1.75B

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

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

In 2022, countries that imported more from Albania than Malaysia included Greece ($421M), Montenegro ($80.8M), and North Macedonia ($101M).

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

Comparative Advantage Malaysia - Albania

Flow
Scale

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

During 2022, Malaysia had a large net trade with Albania in the exports of Animal and Vegetable Bi-Products ($1.37M), Plastics and Rubbers ($860k), and Machines ($502k).

During 2017, Albania had a large net trade with Malaysia in the exports of Footwear and Headwear ($175k), Machines ($82.9k), and Metals ($72.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Albania+$632kPalm Oil
Top Product Potential Albania Malaysia+$376kLeather Footwear

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

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

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