2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

Malaysia-Greece Trade: In 2022, Malaysia exported $162M to Greece. The main products that Malaysia exported to Greece were Air Conditioners ($22.9M), Palm Oil ($20.7M), and Other Electrical Machinery ($19.1M). Over the past 5 years the exports of Malaysia to Greece have increased at an annualized rate of 11.2%, from $95.2M in 2017 to $162M in 2022.

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

Greece-Malaysia Trade: In 2022, Greece exported $58.4M to Malaysia. The main products that Greece exported to Malaysia were Refined Petroleum ($11.9M), Petroleum Coke ($8M), and Recovered Paper ($7.96M). Over the past 5 years the exports of Greece to Malaysia have increased at an annualized rate of 31.8%,  from $14.7M in 2017 to $58.4M in 2022.

In 2020, Greece exported services to Malaysia worth $264M, with Transportation ($262M), Travel ($571k), and Computer and information services ($571k) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $162M to Greece. The main products exported from Malaysia to Greece were Air Conditioners ($22.9M), Palm Oil ($20.7M), and Other Electrical Machinery ($19.1M). During the last 5 years the exports of Malaysia to Greece have increased at an annualized rate of 11.2%, from $95.2M in 2017 to $162M in 2022.

In 2017, Greece exported $58.4M to Malaysia. The main products exported from Greece to Malaysia were Refined Petroleum ($11.9M), Petroleum Coke ($8M), and Recovered Paper ($7.96M). During the last 5 years the exports of Greece to Malaysia have increased at an annualized rate of 31.8%, from $14.7M in 2022 to $58.4M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Greece
Top Destination
Italy$5.82B

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

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

In 2022, countries that imported more from Greece than Malaysia included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

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

Comparative Advantage Malaysia - Greece

Flow
Scale

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

During 2022, Malaysia had a large net trade with Greece in the exports of Machines ($61.1M), Animal and Vegetable Bi-Products ($35.7M), and Plastics and Rubbers ($23.6M).

During 2017, Greece had a large net trade with Malaysia in the exports of Mineral Products ($23.3M), Paper Goods ($8.45M), and Chemical Products ($7.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Greece+$9.99MPalm Oil
Top Product Potential Greece Malaysia+$84.6MRefined 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, Greece exported services to Malaysia worth $264M, with Transportation ($262M), Travel ($571k), and Computer and information services ($571k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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