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2022
Flag → Flag
Exports $46.7MRnk 122 / 218
2022
Flag → Flag
Top Product $20.7MPalm Oil
2022
Flag → Flag
Exports $38.9MRnk 38 / 141
2022
Flag → Flag
Top Product $33.1MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 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$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 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$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Malaysia-Azerbaijan Trade: In 2022, Malaysia exported $46.7M to Azerbaijan. The main products that Malaysia exported to Azerbaijan were Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). Over the past 5 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 8.86%, from $30.5M in 2017 to $46.7M in 2022.

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

Azerbaijan-Malaysia Trade: In 2022, Azerbaijan exported $38.9M to Malaysia. The main products that Azerbaijan exported to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). Over the past 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 53.7%,  from $4.54M in 2017 to $38.9M in 2022.

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

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR9.79M and imported MYR268 from Azerbaijan, resulting in a positive trade balance of MYR9.78M. Between August 2023 and August 2024 the exports of Malaysia have decreased by MYR-30.8M (-75.9%) from MYR40.6M to MYR9.79M, while imports decreased by MYR-49.1k (-99.5%) from MYR49.4k to MYR268.

Trade In August 2024, the top exports of Malaysia to Azerbaijan were Soap (MYR1.37M), Rubber Apparel (MYR1.04M), Traffic Signals (MYR848k), Telephones (MYR583k), and Chocolate (MYR321k). In August 2024 the top imports of Malaysia from Azerbaijan were Chocolate (MYR107k) and Commodities not elsewhere specified (MYR536).

Growth In August 2024, the decrease in Malaysia's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Chocolate (MYR-517k or -61.7%), Coffee and Tea Extracts (MYR-184k or -73.3%), and Commodities not elsewhere specified (MYR-13.5k or -87.7%). In August 2024, the decrease in Malaysia's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR-30.8M(-75.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR-49.1k(-99.5%)

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 Azerbaijan and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $46.7M to Azerbaijan. The main products exported from Malaysia to Azerbaijan were Palm Oil ($20.7M), Rubber Apparel ($2.28M), and Chlorides ($2.26M). During the last 5 years the exports of Malaysia to Azerbaijan have increased at an annualized rate of 8.86%, from $30.5M in 2017 to $46.7M in 2022.

In 2017, Azerbaijan exported $38.9M to Malaysia. The main products exported from Azerbaijan to Malaysia were Crude Petroleum ($33.1M), Gas Turbines ($5M), and Chocolate ($236k). During the last 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 53.7%, from $4.54M in 2022 to $38.9M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Malaysia included Italy ($18.3B), Israel ($1.68B), and Greece ($1.51B).

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

Comparative Advantage Malaysia - Azerbaijan

Flow
Scale

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

During 2022, Malaysia had a large net trade with Azerbaijan in the exports of Animal and Vegetable Bi-Products ($22.8M), Machines ($10.3M), and Chemical Products ($5.07M).

During 2017, Azerbaijan had a large net trade with Malaysia in the exports of Mineral Products ($33.1M), Machines ($5.26M), and Foodstuffs ($448k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Azerbaijan+$4.92MPalm Oil
Top Product Potential Azerbaijan Malaysia+$50.3MCrude 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 Malaysia and Azerbaijan. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Malaysia.

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

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