Malaysia (MYS) and South Korea (KOR) Trade | OEC - The Observatory of Economic Complexity

About

Malaysia-South Korea In 2020, Malaysia exported $8.63B to South Korea. The main products that Malaysia exported to South Korea are Integrated Circuits ($2.01B), Petroleum Gas ($1.57B), and Refined Petroleum ($427M). During the last 25 years the exports of Malaysia to South Korea have increased at an annualized rate of 4.86%, from $2.64B in 1995 to $8.63B in 2020.

In 2020, Malaysia did not export any services to South Korea.

South Korea-Malaysia In 2020, South Korea exported $11.6B to Malaysia . The main products that South Korea exported to Malaysia were Special Purpose Ships ($3.92B), Integrated Circuits ($1.25B), and Refined Petroleum ($1.12B). During the last 25 years the exports of South Korea to Malaysia have increased at an annualized rate of 5.33%, from $3.16B in 1995 to $11.6B in 2020.

In 2005, South Korea exported services to Malaysia worth $506M, with Transportation ($279M), Travel ($119M), and Other business services ($64.1M) being the largest in terms of value.

Comparison In 2020, Malaysia ranked 25 in the Economic Complexity Index (ECI 1.02), and 20 in total exports ($266B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Latest Trends

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September, 2020

About

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Overview In September 2020 Malaysia exported MYR2.81B and imported MYR2.88B from South Korea, resulting in a negative trade balance of MYR62M. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR11.7M (0.42%) from MYR2.8B to MYR2.81B, while imports decreased by MYR-759M (-20.9%) from MYR3.63B to MYR2.88B.

Trade In September 2020, the top exports of Malaysia to South Korea were Integrated Circuits (MYR879M), Petroleum Gas (MYR327M), Oscilloscopes (MYR169M), Refined Petroleum (MYR109M), and Telephones (MYR101M). In September 2020 the top imports of Malaysia from South Korea were Integrated Circuits (MYR706M), Refined Petroleum (MYR388M), Synthetic Rubber (MYR163M), Centrifuges (MYR136M), and Printed Circuit Boards (MYR70.8M).

Growth In September 2020, the increase in Malaysia's year-by-year exports to South Korea was explained primarily by an increase in product exports in Petroleum Gas (MYR447M or 93.7%), Integrated Circuits (MYR163M or 31.9%), and Refined Petroleum (MYR127M or 263%). In September 2020, the decrease in Malaysia's year-by-year imports from South Korea was explained primarily by an decrease in product imports in Batteries (MYR-29.3M or -72.1%), High-voltage Protection Equipment (MYR-24M or -95.9%), and Electrical Capacitors (MYR-23.1M or -44.5%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (September 2019 - September 2020): MYR11.7M, (0.42%)

IMPORT GROWTH (September 2019 - September 2020): MYR-759M, (-20.9%)

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 South Korea and Malaysia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, Malaysia exported $8.63B to South Korea. The main products exported from Malaysia to South Korea were Integrated Circuits ($2.01B), Petroleum Gas ($1.57B), and Refined Petroleum ($427M). During the last 25 years the exports of Malaysia to South Korea have increased at an annualized rate of 4.86%, from $2.64B in 1995 to $8.63B in 2020.

In 2020, South Korea exported $11.6B to Malaysia. The main products exported from South Korea to Malaysia were Special Purpose Ships ($3.92B), Integrated Circuits ($1.25B), and Refined Petroleum ($1.12B). During the last 25 years the exports of South Korea to Malaysia have increased at an annualized rate of 5.33%, from $3.16B in 1995 to $11.6B in 2020.

Market Competitiveness

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Measure

SectionYear

Malaysia
Top Destination: China, $38.7B

South Korea
Top Destination: China, $131B

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

In 2019, countries that imported more from Malaysia than South Korea were Singapore ($36.5B), Thailand ($10.5B), and Netherlands ($6.09B).

In 2019, countries that imported more from South Korea than Malaysia were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Malaysia - South Korea

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Flow

Year

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

During 2020, Malaysia had a large net trade with South Korea in the exports of Machines ($3.48B), Mineral Products ($2.26B), and Metals ($717M).

During 2020, South Korea had a large net trade with Malaysia in the exports of Transportation ($4.12B), Machines ($2.72B), and Mineral Products ($1.18B).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Malaysia and South Korea (using the HS6 product classification and the last year reported).

In 2016, the products from Malaysia that paid the highest import tariffs to enter South Korea were Tobacco refuse (1.33k%)and Undenatured ethyl alcohol > 80% by volume (898%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Malaysia were Manioc (cassava), fresh or dried (719%)and Manioc (cassava), fresh or dried (710%).

*The tariffs present between Malaysia and South Korea are:
136: Most Favoured Nation duty rate treatement

Service Trade

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Bilateral Service Trade

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In 2005, South Korea exported services to Malaysia worth $506M, with Transportation ($279M), Travel ($119M), and Other business services ($64.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Malaysia.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Malaysia - South Korea

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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