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2023
Flag → Flag
Exports $12.6BRnk 7 / 221
2023
Flag → Flag
Top Product $5.57BRefined Petroleum
2023
Flag → Flag
Exports $7.56BRnk 10 / 211
2023
Flag → Flag
Top Product $1.39BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Malaysia-Australia Trade: In 2023, Malaysia exported $12.6B to Australia. The main products that Malaysia exported to Australia were Refined Petroleum ($5.57B), Crude Petroleum ($2.33B), and Computers ($348M). Over the past 5 years the exports of Malaysia to Australia have increased at an annualized rate of 4.84%, from $9.96B in 2018 to $12.6B in 2023.

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

Australia-Malaysia Trade: In 2023, Australia exported $7.56B to Malaysia. The main products that Australia exported to Malaysia were Petroleum Gas ($1.39B), Coal Briquettes ($1.36B), and Refined Copper ($787M). Over the past 5 years the exports of Australia to Malaysia have increased at an annualized rate of 6.6%,  from $5.49B in 2018 to $7.56B in 2023.

In 2009, Australia exported services to Malaysia worth $1.24B, with Travel ($997M), Other business services ($97.4M), and Transportation ($73.6M) being the largest in terms of value.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR3.86B and imported MYR2.64B from Australia, resulting in a positive trade balance of MYR1.23B. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-365M (-8.63%) from MYR4.23B to MYR3.86B, while imports decreased by MYR-650M (-19.8%) from MYR3.29B to MYR2.64B.

Trade In November 2024, the top exports of Malaysia to Australia were Refined Petroleum (MYR1.4B), Crude Petroleum (MYR503M), Computers (MYR134M), Other Large Iron Pipes (MYR80.3M), and Pesticides (MYR48.7M). In November 2024 the top imports of Malaysia from Australia were Coal Briquettes (MYR633M), Crude Petroleum (MYR627M), Petroleum Gas (MYR452M), Refined Copper (MYR427M), and Raw Aluminium (MYR215M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Australia was explained primarily by an decrease in product exports in Nitrogenous Fertilizers (MYR-91.3M or -81.3%), Crude Petroleum (MYR-86.3M or -14.6%), and Video Displays (MYR-47.5M or -81.3%). In November 2024, the decrease in Malaysia's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Sheep and Goat Meat (MYR-57.9M or -61%), Cereal Meal and Pellets (MYR-46.9M or -99.9%), and Aluminium Oxide (MYR-46.7M or -77.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-365M(-8.63%)
IMPORT GROWTH (November 2023 - November 2024)MYR-650M(-19.8%)

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 Australia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $12.6B to Australia. The main products exported from Malaysia to Australia were Refined Petroleum ($5.57B), Crude Petroleum ($2.33B), and Computers ($348M). During the last 5 years the exports of Malaysia to Australia have increased at an annualized rate of 4.84%, from $9.96B in 2018 to $12.6B in 2023.

In 2018, Australia exported $7.56B to Malaysia. The main products exported from Australia to Malaysia were Petroleum Gas ($1.39B), Coal Briquettes ($1.36B), and Refined Copper ($787M). During the last 5 years the exports of Australia to Malaysia have increased at an annualized rate of 6.6%, from $5.49B in 2023 to $7.56B in 2018.

Exports from Malaysia (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Malaysia than Australia included Singapore ($47.3B), United States ($44.9B), and Hong Kong ($19.3B).

In 2023, countries that imported more from Australia than Malaysia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Australia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Australia in the exports of Mineral Products ($8.05B), Machines ($1.55B), and Plastics and Rubbers ($469M).

During 2018, Australia had a large net trade with Malaysia in the exports of Mineral Products ($4.02B), Metals ($1.26B), and Vegetable Products ($507M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Australia+$76.6MTelephones
Top Product Potential Australia Malaysia+$112MIron Ore

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

Product Space of Malaysia (Flag) and Australia (Flag) (2023)

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