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2023
Flag → Flag
Exports $54MRnk 110 / 221
2023
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Top Product $11.8MPalm Oil
2023
Flag → Flag
Exports $39.8MRnk 40 / 137
2023
Flag → Flag
Top Product $34MCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
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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$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 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
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Malaysia-Azerbaijan Trade: In 2023, Malaysia exported $54M to Azerbaijan. The main products that Malaysia exported to Azerbaijan were Palm Oil ($11.8M), Machinery Having Individual Functions ($9.71M), and Chlorides ($3.3M). Over the past 5 years the exports of Malaysia to Azerbaijan have decreased at an annualized rate of 7.08%, from $77.9M in 2018 to $54M in 2023.

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

Azerbaijan-Malaysia Trade: In 2023, Azerbaijan exported $39.8M to Malaysia. The main products that Azerbaijan exported to Malaysia were Crude Petroleum ($34M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.13M), and Other Iron Products ($472k). Over the past 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 119%,  from $782k in 2018 to $39.8M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR10M and imported MYR536 from Azerbaijan, resulting in a positive trade balance of MYR10M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR5.07M (102%) from MYR4.96M to MYR10M, while imports decreased by MYR-238k (-99.8%) from MYR239k to MYR536.

Trade In November 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 November 2024 the top imports of Malaysia from Azerbaijan were Chocolate (MYR107k) and Commodities not elsewhere specified (MYR536).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Azerbaijan was explained primarily by an increase in product exports in Soap (MYR1.19M or 671%), Low-voltage Protection Equipment (MYR146k or 794%), and Hard Liquor (MYR156 or 77.2%). In November 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 (November 2023 - November 2024)MYR5.07M(102%)
IMPORT GROWTH (November 2023 - November 2024)MYR-238k(-99.8%)

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 Azerbaijan and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $54M to Azerbaijan. The main products exported from Malaysia to Azerbaijan were Palm Oil ($11.8M), Machinery Having Individual Functions ($9.71M), and Chlorides ($3.3M). During the last 5 years the exports of Malaysia to Azerbaijan have decreased at an annualized rate of 7.08%, from $77.9M in 2018 to $54M in 2023.

In 2018, Azerbaijan exported $39.8M to Malaysia. The main products exported from Azerbaijan to Malaysia were Crude Petroleum ($34M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($4.13M), and Other Iron Products ($472k). During the last 5 years the exports of Azerbaijan to Malaysia have increased at an annualized rate of 119%, from $782k in 2023 to $39.8M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Azerbaijan than Malaysia included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

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

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 2023, Malaysia had a large net trade with Azerbaijan in the exports of Machines ($23.9M), Animal and Vegetable Bi-Products ($13.4M), and Chemical Products ($6.85M).

During 2018, Azerbaijan had a large net trade with Malaysia in the exports of Mineral Products ($34M), Chemical Products ($4.13M), and Foodstuffs ($638k).

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) (2023)

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