NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $33.1MRnk 130 / 221
2023
Flag → Flag
Top Product $12MHydrometers
2023
Flag → Flag
Exports $825kRnk 81 / 157
2023
Flag → Flag
Top Product $293kFish Oil
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Malaysia-Iceland Trade: In 2023, Malaysia exported $33.1M to Iceland. The main products that Malaysia exported to Iceland were Hydrometers ($12M), Computers ($4.16M), and Broadcasting Equipment ($3.82M). Over the past 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 23.4%, from $11.6M in 2018 to $33.1M in 2023.

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

Iceland-Malaysia Trade: In 2023, Iceland exported $825k to Malaysia. The main products that Iceland exported to Malaysia were Fish Oil ($293k), Processed Crustaceans ($191k), and Medical Instruments ($101k). Over the past 5 years the exports of Iceland to Malaysia have increased at an annualized rate of 15.2%,  from $406k in 2018 to $825k in 2023.

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 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04),  and 19 in total exports ($383B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR1.09M and imported MYR142k from Iceland, resulting in a positive trade balance of MYR948k. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-14.8M (-93.2%) from MYR15.9M to MYR1.09M, while imports decreased by MYR-306k (-68.4%) from MYR448k to MYR142k.

Trade In November 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 November 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 November 2024, the decrease in Malaysia's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Hydrometers (MYR-57.3M or -78%) and Other Plastic Products (MYR-10.6M or -100%). In October 2024, the decrease in Malaysia's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Fish Oil (MYR-248k or -86.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-14.8M(-93.2%)
IMPORT GROWTH (October 2023 - October 2024)MYR-306k(-68.4%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $33.1M to Iceland. The main products exported from Malaysia to Iceland were Hydrometers ($12M), Computers ($4.16M), and Broadcasting Equipment ($3.82M). During the last 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 23.4%, from $11.6M in 2018 to $33.1M in 2023.

In 2018, Iceland exported $825k to Malaysia. The main products exported from Iceland to Malaysia were Fish Oil ($293k), Processed Crustaceans ($191k), and Medical Instruments ($101k). During the last 5 years the exports of Iceland to Malaysia have increased at an annualized rate of 15.2%, from $406k in 2023 to $825k in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
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 2023, countries that imported more from Malaysia than Iceland included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

In 2023, countries that imported more from Iceland than Malaysia included Greenland ($72.3M), Bahamas ($25M), and Antigua and Barbuda ($9.7M).

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

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 2023, Malaysia had a large net trade with Iceland in the exports of Machines ($14.3M), Instruments ($13M), and Plastics and Rubbers ($3.54M).

During 2018, Iceland had a large net trade with Malaysia in the exports of Animal and Vegetable Bi-Products ($317k), Foodstuffs ($214k), and Instruments ($204k).

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms