Flag Malaysia / South Korea Flag

2020
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Exports
: $8.63B, Rnk 8 / 215

2020
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Top Product
: $2.01B, Integrated Circuits

2020
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Exports
: $11.6B, Rnk 8 / 218

2020
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Top Product
: $3.92B, Special Purpose Ships

2020
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Economic Complexity (ECI)
: ECI 1.02, Rnk 25 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $337B, CURRENT US$
Rnk 37 / 195

2010-2020
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GDP GROWTH
: 32.2%, CURRENT US$
Rnk 93 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $10,412, CURRENT US$
Rnk 69 / 195

2010-2020
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GDP PC GROWTH
: 15.2%, CURRENT US$
Rnk 95 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

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

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

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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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

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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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.