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2022
Flag → Flag
Exports $168MRnk 78 / 218
2022
Flag → Flag
Top Product $115MHydrometers
2022
Flag → Flag
Exports $992kRnk 74 / 160
2022
Flag → Flag
Top Product $390kNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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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$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Malaysia-Iceland Trade: In 2022, Malaysia exported $168M to Iceland. The main products that Malaysia exported to Iceland were Hydrometers ($115M), Printed Circuit Boards ($19.9M), and Computers ($14.2M). Over the past 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 75.1%, from $10.2M in 2017 to $168M in 2022.

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

Iceland-Malaysia Trade: In 2022, Iceland exported $992k to Malaysia. The main products that Iceland exported to Malaysia were Non-fillet Frozen Fish ($390k), Fish Oil ($373k), and Medical Instruments ($100k). Over the past 5 years the exports of Iceland to Malaysia have decreased at an annualized rate of 7.66%,  from $1.6M in 2017 to $992k in 2022.

In 2019, Iceland exported services to Malaysia worth $7.28M, with Travel ($6.94M) and Transportation ($336k) 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR982k and imported MYR474k from Iceland, resulting in a positive trade balance of MYR508k. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR686k (232%) from MYR296k to MYR982k, while imports increased by MYR146k (44.2%) from MYR329k to MYR474k.

Trade In September 2024, the top exports of Malaysia to Iceland were Hydrometers (MYR16.1M), Rubber Apparel (MYR820k), Air Pumps (MYR16.7k), Machinery Having Individual Functions (MYR9.76k), and Leather Footwear (MYR7.87k). In September 2024 the top imports of Malaysia from Iceland were Medical Instruments (MYR90.3k), Fish Oil (MYR37.4k), Oscilloscopes (MYR4.08k), Other Rubber Products (MYR3.22k), and Commodities not elsewhere specified (MYR310).

Growth In September 2024, the increase in Malaysia's year-by-year exports to Iceland was explained primarily by an increase in product exports in . In September 2024, the increase in Malaysia's year-by-year imports  from Iceland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR686k(232%)
IMPORT GROWTH (September 2023 - September 2024)MYR146k(44.2%)

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 Iceland and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $168M to Iceland. The main products exported from Malaysia to Iceland were Hydrometers ($115M), Printed Circuit Boards ($19.9M), and Computers ($14.2M). During the last 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 75.1%, from $10.2M in 2017 to $168M in 2022.

In 2017, Iceland exported $992k to Malaysia. The main products exported from Iceland to Malaysia were Non-fillet Frozen Fish ($390k), Fish Oil ($373k), and Medical Instruments ($100k). During the last 5 years the exports of Iceland to Malaysia have decreased at an annualized rate of 7.66%, from $1.6M in 2022 to $992k in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Malaysia included Norway ($459M), Greenland ($28.2M), and Bahamas ($20.1M).

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

Comparative Advantage Malaysia - Iceland

Flow
Scale

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

During 2022, Malaysia had a large net trade with Iceland in the exports of Instruments ($118M), Machines ($41.1M), and Plastics and Rubbers ($5.05M).

During 2017, Iceland had a large net trade with Malaysia in the exports of Animal Products ($392k), Animal and Vegetable Bi-Products ($383k), and Instruments ($113k).

Bilateral Service Trade

In 2019, Iceland exported services to Malaysia worth $7.28M, with Travel ($6.94M) and Transportation ($336k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Malaysia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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