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2023
Flag → Flag
Exports $247MRnk 64 / 221
2023
Flag → Flag
Top Product $55.3MPalm Oil
2023
Flag → Flag
Exports $306MRnk 49 / 217
2023
Flag → Flag
Top Product $43.7MPig Meat
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Malaysia-Denmark Trade: In 2023, Malaysia exported $247M to Denmark. The main products that Malaysia exported to Denmark were Palm Oil ($55.3M), Electrical Control Boards ($24.7M), and Stearic Acid ($21M). Over the past 5 years the exports of Malaysia to Denmark have increased at an annualized rate of 2.9%, from $214M in 2018 to $247M in 2023.

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

Denmark-Malaysia Trade: In 2023, Denmark exported $306M to Malaysia. The main products that Denmark exported to Malaysia were Pig Meat ($43.7M), Packaged Medicaments ($32.9M), and Other Edible Preparations ($20.9M). Over the past 5 years the exports of Denmark to Malaysia have increased at an annualized rate of 2.86%,  from $265M in 2018 to $306M in 2023.

In 2020, Denmark exported services to Malaysia worth $224M, with Transportation ($192M), Other business services ($12.6M), and Computer and information services ($6.74M) 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR78.8M and imported MYR133M from Denmark, resulting in a negative trade balance of MYR54M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR8.2M (11.6%) from MYR70.6M to MYR78.8M, while imports increased by MYR11.8M (9.71%) from MYR121M to MYR133M.

Trade In November 2024, the top exports of Malaysia to Denmark were Palm Oil (MYR21.7M), Electrical Control Boards (MYR11.7M), Air Conditioners (MYR8.51M), Fuel Wood (MYR7.45M), and Orthopedic Appliances (MYR4.75M). In November 2024 the top imports of Malaysia from Denmark were Packaged Medicaments (MYR10.5M), Pig Meat (MYR9.32M), Commodities not elsewhere specified (MYR9.24M), Enzymes (MYR8.75M), and Other Edible Preparations (MYR8.69M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Denmark was explained primarily by an increase in product exports in Palm Oil (MYR11.1M or 106%), Air Conditioners (MYR6M or 238%), and Electrical Control Boards (MYR3.99M or 51.6%). In November 2024, the increase in Malaysia's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Casein (MYR4.73M or 428%), Special Pharmaceuticals (MYR4.71M or 2.73k%), and Enzymes (MYR4.53M or 107%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR8.2M(11.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR11.8M(9.71%)

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 Denmark and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $247M to Denmark. The main products exported from Malaysia to Denmark were Palm Oil ($55.3M), Electrical Control Boards ($24.7M), and Stearic Acid ($21M). During the last 5 years the exports of Malaysia to Denmark have increased at an annualized rate of 2.9%, from $214M in 2018 to $247M in 2023.

In 2018, Denmark exported $306M to Malaysia. The main products exported from Denmark to Malaysia were Pig Meat ($43.7M), Packaged Medicaments ($32.9M), and Other Edible Preparations ($20.9M). During the last 5 years the exports of Denmark to Malaysia have increased at an annualized rate of 2.86%, from $265M in 2023 to $306M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Denmark
Top DestinationGermany$14.8B

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

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

In 2023, countries that imported more from Denmark than Malaysia included Sweden ($11.2B), Norway ($4.75B), and Germany ($14.8B).

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

Comparative Advantage Malaysia - Denmark

Flow
Scale

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

During 2023, Malaysia had a large net trade with Denmark in the exports of Machines ($81.6M), Animal and Vegetable Bi-Products ($77M), and Plastics and Rubbers ($24M).

During 2018, Denmark had a large net trade with Malaysia in the exports of Chemical Products ($78.3M), Animal Products ($71.6M), and Machines ($47.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Denmark+$23.4MIntegrated Circuits
Top Product Potential Denmark Malaysia+$20.4MPackaged Medicaments

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, Denmark exported services to Malaysia worth $224M, with Transportation ($192M), Other business services ($12.6M), and Computer and information services ($6.74M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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