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2023
Flag → Flag
Exports $411MRnk 52 / 221
2023
Flag → Flag
Top Product $209MPalm Oil
2023
Flag → Flag
Exports $46.7MRnk 22 / 130
2023
Flag → Flag
Top Product $8.42MMolluscs
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
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GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Malaysia-Iran Trade: In 2023, Malaysia exported $411M to Iran. The main products that Malaysia exported to Iran were Palm Oil ($209M), Other Vegetable Oils ($39.5M), and Unprocessed Artificial Staple Fibers ($27.4M). Over the past 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 8.11%, from $627M in 2018 to $411M in 2023.

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

Iran-Malaysia Trade: In 2023, Iran exported $46.7M to Malaysia. The main products that Iran exported to Malaysia were Molluscs ($8.42M), Tropical Fruits ($7.48M), and Coal Briquettes ($5.86M). Over the past 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 31.6%,  from $311M in 2018 to $46.7M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR74.4M and imported MYR18.4M from Iran, resulting in a positive trade balance of MYR56.1M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-226M (-75.2%) from MYR300M to MYR74.4M, while imports decreased by MYR-24.8M (-57.5%) from MYR43.1M to MYR18.4M.

Trade In November 2024, the top exports of Malaysia to Iran were Palm Oil (MYR202M), Other Vegetable Oils (MYR25.5M), Cocoa Butter (MYR19.6M), Unprocessed Artificial Staple Fibers (MYR11.2M), and Coconut Oil (MYR10.8M). In November 2024 the top imports of Malaysia from Iran were Tropical Fruits (MYR6.86M), Molluscs (MYR3.07M), Precious Metal Scraps (MYR3.04M), Grapes (MYR1.2M), and Other Nuts (MYR827k).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Iran was explained primarily by an decrease in product exports in Rubber (MYR-6.46M or -56.2%), Unprocessed Synthetic Staple Fibers (MYR-6.12M or -68.6%), and Rubber Apparel (MYR-850k or -79%). In November 2024, the decrease in Malaysia's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Tropical Fruits (MYR-1.87M or -21.4%), Non-fillet Frozen Fish (MYR-1.84M or -92.4%), and Molluscs (MYR-536k or -14.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-226M(-75.2%)
IMPORT GROWTH (November 2023 - November 2024)MYR-24.8M(-57.5%)

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 Iran and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $411M to Iran. The main products exported from Malaysia to Iran were Palm Oil ($209M), Other Vegetable Oils ($39.5M), and Unprocessed Artificial Staple Fibers ($27.4M). During the last 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 8.11%, from $627M in 2018 to $411M in 2023.

In 2018, Iran exported $46.7M to Malaysia. The main products exported from Iran to Malaysia were Molluscs ($8.42M), Tropical Fruits ($7.48M), and Coal Briquettes ($5.86M). During the last 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 31.6%, from $311M in 2023 to $46.7M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Malaysia included Armenia ($597M), Azerbaijan ($473M), and Georgia ($241M).

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

Comparative Advantage Malaysia - Iran

Flow
Scale

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

During 2023, Malaysia had a large net trade with Iran in the exports of Animal and Vegetable Bi-Products ($271M), Textiles ($36.2M), and Plastics and Rubbers ($31M).

During 2018, Iran had a large net trade with Malaysia in the exports of Animal Products ($12.6M), Vegetable Products ($11.2M), and Mineral Products ($9.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Iran+$4.52MIndustrial Fatty Acids, Oils and Alcohols
Top Product Potential Iran Malaysia+$3.19MPetroleum Coke

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 Iran. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Malaysia.

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

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