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Pricing

2022
Flag → Flag
Exports $68.3MRnk 106 / 218
2022
Flag → Flag
Top Product $19.5MComputers
2022
Flag → Flag
Exports $1.78MRnk 29 / 113
2022
Flag → Flag
Top Product $966kNon-Iron and Steel Slag, Ash and Residues
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Malaysia-Mongolia Trade: In 2022, Malaysia exported $68.3M to Mongolia. The main products that Malaysia exported to Mongolia were Computers ($19.5M), Coffee and Tea Extracts ($8.14M), and Palm Oil ($5.84M). Over the past 5 years the exports of Malaysia to Mongolia have increased at an annualized rate of 13.9%, from $35.7M in 2017 to $68.3M in 2022.

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

Mongolia-Malaysia Trade: In 2022, Mongolia exported $1.78M to Malaysia. The main products that Mongolia exported to Malaysia were Non-Iron and Steel Slag, Ash and Residues ($966k), Motor vehicles; parts and accessories (8701 to 8705) ($336k), and Tin Ores ($199k). Over the past 5 years the exports of Mongolia to Malaysia have increased at an annualized rate of 71.3%,  from $120k in 2017 to $1.78M in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

June, 2024

About

Overview In June 2024, Malaysia exported MYR7.62M and imported MYR11.3k from Mongolia, resulting in a positive trade balance of MYR7.61M. Between June 2023 and June 2024 the exports of Malaysia have decreased by MYR-3.97M (-34.3%) from MYR11.6M to MYR7.62M, while imports increased by MYR10.3k (1k%) from MYR1.03k to MYR11.3k.

Trade In June 2024, the top exports of Malaysia to Mongolia were Computers (MYR9.79M), Video Displays (MYR1.06M), Office Machine Parts (MYR809k), Palm Oil (MYR776k), and Coffee and Tea Extracts (MYR722k). In June 2024 the top imports of Malaysia from Mongolia were Tin Ores (MYR1.62M), Centrifuges (MYR326k), and Commodities not elsewhere specified (MYR250).

Growth In June 2024, the decrease in Malaysia's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Prepr binder for foundry (MYR-505k or -100%), Prepared Cereals (MYR-128k or -69.1%), and Chocolate (MYR-122k or -80.1%). In May 2024, the increase in Malaysia's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)MYR-3.97M(-34.3%)
IMPORT GROWTH (May 2023 - May 2024)MYR10.3k(1k%)

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 Mongolia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $68.3M to Mongolia. The main products exported from Malaysia to Mongolia were Computers ($19.5M), Coffee and Tea Extracts ($8.14M), and Palm Oil ($5.84M). During the last 5 years the exports of Malaysia to Mongolia have increased at an annualized rate of 13.9%, from $35.7M in 2017 to $68.3M in 2022.

In 2017, Mongolia exported $1.78M to Malaysia. The main products exported from Mongolia to Malaysia were Non-Iron and Steel Slag, Ash and Residues ($966k), Motor vehicles; parts and accessories (8701 to 8705) ($336k), and Tin Ores ($199k). During the last 5 years the exports of Mongolia to Malaysia have increased at an annualized rate of 71.3%, from $120k in 2022 to $1.78M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Mongolia
Top DestinationChina$10.6B

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

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

In 2022, countries that imported more from Mongolia than Malaysia included Switzerland ($1.98B).

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

Comparative Advantage Malaysia - Mongolia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Mongolia in the exports of Machines ($27.8M), Foodstuffs ($17M), and Animal and Vegetable Bi-Products ($8.99M).

During 2017, Mongolia had a large net trade with Malaysia in the exports of Mineral Products ($1.17M), Transportation ($463k), and Machines ($81.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Mongolia+$3.35MRefined Petroleum
Top Product Potential Mongolia Malaysia+$355kMotor vehicles; parts and accessories (8701 to 8705)

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 Mongolia. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Malaysia.

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

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