2023
Flag  
GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC 
$11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195

About

Malaysia-Norfolk Island Trade: In 2023, Malaysia exported $1.7M to Norfolk Island. The main products that Malaysia exported to Norfolk Island were Electrical Lighting and Signalling Equipment ($1.7M), Other Rubber Products ($3.65k), and Hard Liquor ($83). Over the past 5 years the exports of Malaysia to Norfolk Island have increased at an annualized rate of 90.6%, from $67.7k in 2018 to $1.7M in 2023.

In 2023, Malaysia did not export any services to Norfolk Island.

Norfolk Island-Malaysia Trade: In 2023, Norfolk Island exported $53.2k to Malaysia. The main products that Norfolk Island exported to Malaysia were Raw Aluminium ($30k), Scrap Nickel ($14.6k), and Acrylic Polymers ($4.45k). Over the past 5 years the exports of Norfolk Island to Malaysia have decreased at an annualized rate of 19.9%,  from $161k in 2018 to $53.2k in 2023.

In 2023, Norfolk Island did not export any services to Malaysia.

Comparison In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04),  and 19 in total exports ($383B). That same year, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $1.7M to Norfolk Island. The main products exported from Malaysia to Norfolk Island were Electrical Lighting and Signalling Equipment ($1.7M), Other Rubber Products ($3.65k), and Hard Liquor ($83). During the last 5 years the exports of Malaysia to Norfolk Island have increased at an annualized rate of 90.6%, from $67.7k in 2018 to $1.7M in 2023.

In 2018, Norfolk Island exported $53.2k to Malaysia. The main products exported from Norfolk Island to Malaysia were Raw Aluminium ($30k), Scrap Nickel ($14.6k), and Acrylic Polymers ($4.45k). During the last 5 years the exports of Norfolk Island to Malaysia have decreased at an annualized rate of 19.9%, from $161k in 2023 to $53.2k in 2018.

Exports from Malaysia (Flag) to Norfolk Island (Flag) (2023)

Exports from Norfolk Island (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top Destination
China$79.8B
Norfolk Island
Top Destination
United States$655k

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

In 2023, countries that imported more from Malaysia than Norfolk Island included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

In 2023, no countries were registered that imported more from Norfolk Island than from Malaysia.

Difference in imports from Norfolk Island (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Norfolk Island

Flow
Scale

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

During 2023, Malaysia had a large net trade with Norfolk Island in the exports of Machines ($1.7M), Plastics and Rubbers ($3.65k), and Foodstuffs ($156).

During 2018, Norfolk Island had a large net trade with Malaysia in the exports of Metals ($44.6k) and Plastics and Rubbers ($8.67k).

Economic Complexity

Competitive Landscape

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

Product Space of Malaysia (Flag) and Norfolk Island (Flag) (2023)

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