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2023
Flag → Flag
Exports $2.26BRnk 22 / 221
2023
Flag → Flag
Top Product $253MBroadcasting Equipment
2023
Flag → Flag
Exports $933MRnk 31 / 215
2023
Flag → Flag
Top Product $155MPotassic Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Malaysia-Canada Trade: In 2023, Malaysia exported $2.26B to Canada. The main products that Malaysia exported to Canada were Broadcasting Equipment ($253M), Industrial Printers ($124M), and Palm Oil ($106M). Over the past 5 years the exports of Malaysia to Canada have decreased at an annualized rate of 0.093%, from $2.27B in 2018 to $2.26B in 2023.

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

Canada-Malaysia Trade: In 2023, Canada exported $933M to Malaysia. The main products that Canada exported to Malaysia were Potassic Fertilizers ($155M), Wheat ($116M), and Soybeans ($48M). Over the past 5 years the exports of Canada to Malaysia have increased at an annualized rate of 3.68%,  from $751M in 2018 to $933M in 2023.

In 2020, Canada exported services to Malaysia worth $132M, with Royalties and license fees ($65.6M), Travel ($32.1M), and Transportation ($12.7M) 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR560M and imported MYR309M from Canada, resulting in a positive trade balance of MYR250M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR213M (61.5%) from MYR347M to MYR560M, while imports increased by MYR27.9M (9.89%) from MYR282M to MYR309M.

Trade In November 2024, the top exports of Malaysia to Canada were Refined Petroleum (MYR90M), Electric Heaters (MYR20.2M), Rubber Apparel (MYR16.2M), Rubber Tires (MYR15.4M), and Industrial Fatty Acids, Oils and Alcohols (MYR14.3M). In November 2024 the top imports of Malaysia from Canada were Potassic Fertilizers (MYR121M), Wheat (MYR94M), Integrated Circuits (MYR25.7M), Soybeans (MYR21.6M), and Self-Propelled Rail Transport (MYR15.8M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Canada was explained primarily by an increase in product exports in Electric Heaters (MYR11.4M or 130%), Rubber Tires (MYR9.26M or 150%), and Industrial Fatty Acids, Oils and Alcohols (MYR8.01M or 127%). In November 2024, the increase in Malaysia's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Wheat (MYR69.4M or 281%), Integrated Circuits (MYR17.8M or 227%), and Soybeans (MYR10M or 86.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR213M(61.5%)
IMPORT GROWTH (November 2023 - November 2024)MYR27.9M(9.89%)

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 Canada and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $2.26B to Canada. The main products exported from Malaysia to Canada were Broadcasting Equipment ($253M), Industrial Printers ($124M), and Palm Oil ($106M). During the last 5 years the exports of Malaysia to Canada have decreased at an annualized rate of 0.093%, from $2.27B in 2018 to $2.26B in 2023.

In 2018, Canada exported $933M to Malaysia. The main products exported from Canada to Malaysia were Potassic Fertilizers ($155M), Wheat ($116M), and Soybeans ($48M). During the last 5 years the exports of Canada to Malaysia have increased at an annualized rate of 3.68%, from $751M in 2023 to $933M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Malaysia than Canada included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

In 2023, countries that imported more from Canada than Malaysia included United States ($410B), United Kingdom ($18B), and Switzerland ($6.71B).

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

Comparative Advantage Malaysia - Canada

Flow
Scale

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

During 2023, Malaysia had a large net trade with Canada in the exports of Machines ($1.19B), Instruments ($233M), and Animal and Vegetable Bi-Products ($193M).

During 2018, Canada had a large net trade with Malaysia in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Canada+$136MIntegrated Circuits
Top Product Potential Canada Malaysia+$36.1MCoal Briquettes

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, Canada exported services to Malaysia worth $132M, with Royalties and license fees ($65.6M), Travel ($32.1M), and Transportation ($12.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (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 Canada. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Malaysia.

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

Keep Exploring

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