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2022
Flag → Flag
Exports $40.8MRnk 127 / 218
2022
Flag → Flag
Top Product $11.5MStearic Acid
2022
Flag → Flag
Exports $13.8MRnk 64 / 182
2022
Flag → Flag
Top Product $3.48MStyrene Polymers
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
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$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 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$18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Malaysia-Croatia Trade: In 2022, Malaysia exported $40.8M to Croatia. The main products that Malaysia exported to Croatia were Stearic Acid ($11.5M), Palm Oil ($9.14M), and Industrial Fatty Acids, Oils and Alcohols ($6.98M). Over the past 5 years the exports of Malaysia to Croatia have increased at an annualized rate of 18.3%, from $17.6M in 2017 to $40.8M in 2022.

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

Croatia-Malaysia Trade: In 2022, Croatia exported $13.8M to Malaysia. The main products that Croatia exported to Malaysia were Styrene Polymers ($3.48M), Seed Oils ($1.52M), and Animal Food ($1.32M). Over the past 5 years the exports of Croatia to Malaysia have decreased at an annualized rate of 4.2%,  from $17.1M in 2017 to $13.8M in 2022.

In 2020, Croatia exported services to Malaysia worth $457k, with Computer and information services ($343k) and Other business services ($114k) 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR9.24M and imported MYR6.6M from Croatia, resulting in a positive trade balance of MYR2.64M. Between August 2023 and August 2024 the exports of Malaysia have decreased by MYR-9.97M (-51.9%) from MYR19.2M to MYR9.24M, while imports decreased by MYR-34.2M (-83.8%) from MYR40.8M to MYR6.6M.

Trade In August 2024, the top exports of Malaysia to Croatia were Palm Oil (MYR1.1M), Rubber Apparel (MYR931k), Semiconductor Devices (MYR891k), Saturated Acyclic Monocarboxylic Acids (MYR785k), and Aluminium Structures (MYR348k). In August 2024 the top imports of Malaysia from Croatia were Styrene Polymers (MYR8.47M), Gas Turbines (MYR1.94M), Apples and Pears (MYR1.06M), Animal Food (MYR711k), and Shaving Products (MYR464k).

Growth In August 2024, the decrease in Malaysia's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Palm Oil (MYR-1.13M or -50.7%), Rubber Apparel (MYR-745k or -44.5%), and Raw Plastic Sheeting (MYR-330k or -59.3%). In August 2024, the decrease in Malaysia's year-by-year imports  from Croatia was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (MYR-51.7k or -98.4%), Acrylic Polymers (MYR-23.6k or -56%), and Semiconductor Devices (MYR-19.9k or -47.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR-9.97M(-51.9%)
IMPORT GROWTH (August 2023 - August 2024)MYR-34.2M(-83.8%)

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 Croatia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $40.8M to Croatia. The main products exported from Malaysia to Croatia were Stearic Acid ($11.5M), Palm Oil ($9.14M), and Industrial Fatty Acids, Oils and Alcohols ($6.98M). During the last 5 years the exports of Malaysia to Croatia have increased at an annualized rate of 18.3%, from $17.6M in 2017 to $40.8M in 2022.

In 2017, Croatia exported $13.8M to Malaysia. The main products exported from Croatia to Malaysia were Styrene Polymers ($3.48M), Seed Oils ($1.52M), and Animal Food ($1.32M). During the last 5 years the exports of Croatia to Malaysia have decreased at an annualized rate of 4.2%, from $17.1M in 2022 to $13.8M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Croatia
Top DestinationItaly$3.44B

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

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

In 2022, countries that imported more from Croatia than Malaysia included Slovenia ($2.87B), Bosnia and Herzegovina ($2.45B), and Hungary ($2.65B).

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

Comparative Advantage Malaysia - Croatia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Croatia in the exports of Animal and Vegetable Bi-Products ($21.2M), Chemical Products ($8.92M), and Plastics and Rubbers ($5.54M).

During 2017, Croatia had a large net trade with Malaysia in the exports of Plastics and Rubbers ($4.18M), Machines ($2.01M), and Animal and Vegetable Bi-Products ($1.58M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Croatia+$2.88MPalm Oil
Top Product Potential Croatia Malaysia+$971kVaccines, blood, antisera, toxins and cultures

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, Croatia exported services to Malaysia worth $457k, with Computer and information services ($343k) and Other business services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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