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2023
Flag → Flag
Exports $1.39BRnk 29 / 221
2023
Flag → Flag
Top Product $371MOrthopedic Appliances
2023
Flag → Flag
Exports $807MRnk 46 / 220
2023
Flag → Flag
Top Product $105MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Malaysia-Belgium Trade: In 2023, Malaysia exported $1.39B to Belgium. The main products that Malaysia exported to Belgium were Orthopedic Appliances ($371M), Integrated Circuits ($195M), and Medical Instruments ($135M). Over the past 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 10.7%, from $838M in 2018 to $1.39B in 2023.

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

Belgium-Malaysia Trade: In 2023, Belgium exported $807M to Malaysia. The main products that Belgium exported to Malaysia were Integrated Circuits ($105M), Other Organo-Inorganic Compounds ($94M), and Packaged Medicaments ($39.4M). Over the past 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 0.51%,  from $783M in 2018 to $807M in 2023.

In 2020, Belgium exported services to Malaysia worth $68.5M, with Other business services ($44.5M), Transportation ($13.7M), and Computer and information services ($6.85M) 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR499M and imported MYR274M from Belgium, resulting in a positive trade balance of MYR226M. Between December 2023 and December 2024 the exports of Malaysia have decreased by MYR-146M (-22.6%) from MYR645M to MYR499M, while imports increased by MYR27.4M (11.1%) from MYR246M to MYR274M.

Trade In December 2024, the top exports of Malaysia to Belgium were Orthopedic Appliances (MYR269M), Refined Petroleum (MYR133M), Integrated Circuits (MYR102M), Medical Instruments (MYR50M), and Rubber Apparel (MYR22.2M). In December 2024 the top imports of Malaysia from Belgium were Integrated Circuits (MYR42.8M), Packaged Medicaments (MYR13.5M), Mixed Mineral or Chemical Fertilizers (MYR13.4M), Other Organo-Inorganic Compounds (MYR11.4M), and Scrap Plastic (MYR8.63M).

Growth In December 2024, the decrease in Malaysia's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Hot-Rolled Iron Bars (MYR-126M or -89.9%), Refined Petroleum (MYR-87M or -39.6%), and Saturated Acyclic Monocarboxylic Acids (MYR-7.65M or -60.5%). In December 2024, the increase in Malaysia's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Integrated Circuits (MYR15.1M or 54.7%), Malt (MYR7.74M or 417k%), and Copper Foil (MYR7.31M or 3.55k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR-146M(-22.6%)
IMPORT GROWTH (December 2023 - December 2024)MYR27.4M(11.1%)

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 Belgium and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $1.39B to Belgium. The main products exported from Malaysia to Belgium were Orthopedic Appliances ($371M), Integrated Circuits ($195M), and Medical Instruments ($135M). During the last 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 10.7%, from $838M in 2018 to $1.39B in 2023.

In 2018, Belgium exported $807M to Malaysia. The main products exported from Belgium to Malaysia were Integrated Circuits ($105M), Other Organo-Inorganic Compounds ($94M), and Packaged Medicaments ($39.4M). During the last 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 0.51%, from $783M in 2023 to $807M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Belgium
Top DestinationFrance$85.6B

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

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

In 2023, countries that imported more from Belgium than Malaysia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Malaysia - Belgium

Flow
Scale

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

During 2023, Malaysia had a large net trade with Belgium in the exports of Instruments ($537M), Machines ($422M), and Animal and Vegetable Bi-Products ($141M).

During 2018, Belgium had a large net trade with Malaysia in the exports of Chemical Products ($264M), Machines ($223M), and Metals ($70.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Belgium+$135MRefined Petroleum
Top Product Potential Belgium Malaysia+$41.3MRefined 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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Bilateral Service Trade

In 2020, Belgium exported services to Malaysia worth $68.5M, with Other business services ($44.5M), Transportation ($13.7M), and Computer and information services ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Malaysia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Belgium. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Malaysia.

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

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