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2022
Flag → Flag
Exports $783MRnk 39 / 218
2022
Flag → Flag
Top Product $566MRefined Petroleum
2022
Flag → Flag
Exports $246MRnk 19 / 101
2022
Flag → Flag
Top Product $178MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Malaysia-Iraq Trade: In 2022, Malaysia exported $783M to Iraq. The main products that Malaysia exported to Iraq were Refined Petroleum ($566M), Palm Oil ($44.8M), and Soap ($39.7M). Over the past 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 43.7%, from $128M in 2017 to $783M in 2022.

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

Iraq-Malaysia Trade: In 2022, Iraq exported $246M to Malaysia. The main products that Iraq exported to Malaysia were Refined Petroleum ($178M), Crude Petroleum ($68.3M), and Asphalt Mixtures ($272k). Over the past 5 years the exports of Iraq to Malaysia have increased at an annualized rate of 0.34%,  from $242M in 2017 to $246M in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR67M and imported MYR122M from Iraq, resulting in a negative trade balance of MYR54.7M. Between September 2023 and September 2024 the exports of Malaysia have decreased by MYR-271M (-80.2%) from MYR338M to MYR67M, while imports increased by MYR90.9M (296%) from MYR30.8M to MYR122M.

Trade In September 2024, the top exports of Malaysia to Iraq were Refined Petroleum (MYR209M), Other Printed Material (MYR35.2M), Palm Oil (MYR6.65M), Soap (MYR5.91M), and Coconut Oil (MYR4.21M). In September 2024 the top imports of Malaysia from Iraq were Commodities not elsewhere specified (MYR193).

Growth In September 2024, the decrease in Malaysia's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Soap (MYR-3.97M or -40.2%), Malt Extract (MYR-1.53M or -85.8%), and Low-voltage Protection Equipment (MYR-1.5M or -81.1%). In September 2024, the increase in Malaysia's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR-271M(-80.2%)
IMPORT GROWTH (September 2023 - September 2024)MYR90.9M(296%)

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 Iraq and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $783M to Iraq. The main products exported from Malaysia to Iraq were Refined Petroleum ($566M), Palm Oil ($44.8M), and Soap ($39.7M). During the last 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 43.7%, from $128M in 2017 to $783M in 2022.

In 2017, Iraq exported $246M to Malaysia. The main products exported from Iraq to Malaysia were Refined Petroleum ($178M), Crude Petroleum ($68.3M), and Asphalt Mixtures ($272k). During the last 5 years the exports of Iraq to Malaysia have increased at an annualized rate of 0.34%, from $242M in 2022 to $246M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Malaysia than Iraq included Singapore ($53.8B), United States ($44.2B), and Japan ($23.6B).

In 2022, countries that imported more from Iraq than Malaysia included India ($38.8B), Greece ($6.27B), and Italy ($4.67B).

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

Comparative Advantage Malaysia - Iraq

Flow
Scale

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

During 2022, Malaysia had a large net trade with Iraq in the exports of Mineral Products ($566M), Animal and Vegetable Bi-Products ($70.2M), and Chemical Products ($46.8M).

During 2017, Iraq had a large net trade with Malaysia in the exports of Mineral Products ($246M), Vegetable Products ($97.8k), and Transportation ($2.36k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Iraq+$43.6MRefined Petroleum
Top Product Potential Iraq Malaysia+$146MCrude 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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Economic Complexity

Competitive Landscape

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

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

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