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2022
Flag → Flag
Exports $233MRnk 70 / 218
2022
Flag → Flag
Top Product $26.1MRubber Apparel
2022
Flag → Flag
Exports $156MRnk 44 / 187
2022
Flag → Flag
Top Product $62.1MCoffee
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
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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$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Malaysia-Colombia Trade: In 2022, Malaysia exported $233M to Colombia. The main products that Malaysia exported to Colombia were Rubber Apparel ($26.1M), Broadcasting Equipment ($17.2M), and Glass Working Machines ($14.3M). Over the past 5 years the exports of Malaysia to Colombia have increased at an annualized rate of 7.22%, from $164M in 2017 to $233M in 2022.

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

Colombia-Malaysia Trade: In 2022, Colombia exported $156M to Malaysia. The main products that Colombia exported to Malaysia were Coffee ($62.1M), Coke ($32.3M), and Scrap Aluminium ($15.6M). Over the past 5 years the exports of Colombia to Malaysia have decreased at an annualized rate of 6.81%,  from $222M in 2017 to $156M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR51.4M and imported MYR69.2M from Colombia, resulting in a negative trade balance of MYR17.9M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR11M (27.2%) from MYR40.4M to MYR51.4M, while imports increased by MYR50.2M (263%) from MYR19.1M to MYR69.2M.

Trade In August 2024, the top exports of Malaysia to Colombia were Nitrogenous Fertilizers (MYR11.7M), Raw Aluminium (MYR2.42M), Other Knit Garments (MYR1.94M), Electric Heaters (MYR1.33M), and Synthetic Filament Yarn Woven Fabric (MYR1.08M). In August 2024 the top imports of Malaysia from Colombia were Coffee (MYR9.39M), Scrap Aluminium (MYR5.89M), Raw Aluminium (MYR2.05M), Cocoa Beans (MYR1.01M), and Coffee and Tea Extracts (MYR997k).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Colombia was explained primarily by an increase in product exports in Other Electrical Machinery (MYR661k or 1.87k%), Rubber Tires (MYR288k or 79.2%), and Industrial Printers (MYR263k or 3.88k%). In August 2024, the increase in Malaysia's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Scrap Aluminium (MYR5.6M or 1.89k%), Carboxylic Acids (MYR207k or 2.87k%), and Styrene Polymers (MYR77.7k or 63.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR11M(27.2%)
IMPORT GROWTH (August 2023 - August 2024)MYR50.2M(263%)

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 Colombia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $233M to Colombia. The main products exported from Malaysia to Colombia were Rubber Apparel ($26.1M), Broadcasting Equipment ($17.2M), and Glass Working Machines ($14.3M). During the last 5 years the exports of Malaysia to Colombia have increased at an annualized rate of 7.22%, from $164M in 2017 to $233M in 2022.

In 2017, Colombia exported $156M to Malaysia. The main products exported from Colombia to Malaysia were Coffee ($62.1M), Coke ($32.3M), and Scrap Aluminium ($15.6M). During the last 5 years the exports of Colombia to Malaysia have decreased at an annualized rate of 6.81%, from $222M in 2022 to $156M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Malaysia included Panama ($5.84B), Ecuador ($1.89B), and Chile ($1.63B).

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

Comparative Advantage Malaysia - Colombia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Colombia in the exports of Machines ($93.1M), Plastics and Rubbers ($40.3M), and Chemical Products ($22.7M).

During 2017, Colombia had a large net trade with Malaysia in the exports of Vegetable Products ($62.3M), Mineral Products ($43.6M), and Metals ($29.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Colombia+$31.1MTelephones
Top Product Potential Colombia Malaysia+$22.1MCoal 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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Economic Complexity

Competitive Landscape

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

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

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