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2023
Flag → Flag
Exports $488MRnk 48 / 221
2023
Flag → Flag
Top Product $41.7MRefined Petroleum
2023
Flag → Flag
Exports $234MRnk 46 / 205
2023
Flag → Flag
Top Product $41.4MNon-fillet Fresh Fish
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Malaysia-Norway Trade: In 2023, Malaysia exported $488M to Norway. The main products that Malaysia exported to Norway were Refined Petroleum ($41.7M), Integrated Circuits ($39.4M), and Raw Aluminium ($35.5M). Over the past 5 years the exports of Malaysia to Norway have increased at an annualized rate of 2.35%, from $434M in 2018 to $488M in 2023.

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

Norway-Malaysia Trade: In 2023, Norway exported $234M to Malaysia. The main products that Norway exported to Malaysia were Non-fillet Fresh Fish ($41.4M), Mixed Mineral or Chemical Fertilizers ($19M), and Raw Nickel ($14.2M). Over the past 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 0.95%,  from $246M in 2018 to $234M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR82.2M and imported MYR106M from Norway, resulting in a negative trade balance of MYR23.9M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR32.6M (65.6%) from MYR49.7M to MYR82.2M, while imports increased by MYR24.3M (29.6%) from MYR81.9M to MYR106M.

Trade In November 2024, the top exports of Malaysia to Norway were Excavation Machinery (MYR7.48M), Surveying Equipment (MYR3.16M), Rubber Apparel (MYR2.36M), Brooms (MYR2.2M), and Electric Batteries (MYR2.04M). In November 2024 the top imports of Malaysia from Norway were Crude Petroleum (MYR28.4M), Non-fillet Fresh Fish (MYR20.6M), Nickel Sheets (MYR14M), Gas and Liquid Flow Measuring Instruments (MYR7.51M), and Raw Nickel (MYR3.5M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Norway was explained primarily by an increase in product exports in Other Iron Products (MYR1.47M or 717%), Telephones (MYR981k or 564%), and Interchangeable Tool Parts (MYR393k or 1.15k%). In November 2024, the increase in Malaysia's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Non-fillet Fresh Fish (MYR4.55M or 28.4%), Raw Nickel (MYR2.69M or 334%), and Electrical Control Boards (MYR1.59M or 417%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR32.6M(65.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR24.3M(29.6%)

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 Norway and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $488M to Norway. The main products exported from Malaysia to Norway were Refined Petroleum ($41.7M), Integrated Circuits ($39.4M), and Raw Aluminium ($35.5M). During the last 5 years the exports of Malaysia to Norway have increased at an annualized rate of 2.35%, from $434M in 2018 to $488M in 2023.

In 2018, Norway exported $234M to Malaysia. The main products exported from Norway to Malaysia were Non-fillet Fresh Fish ($41.4M), Mixed Mineral or Chemical Fertilizers ($19M), and Raw Nickel ($14.2M). During the last 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 0.95%, from $246M in 2023 to $234M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Norway
Top DestinationGermany$33.8B

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

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

In 2023, countries that imported more from Norway than Malaysia included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

Comparative Advantage Malaysia - Norway

Flow
Scale

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

During 2023, Malaysia had a large net trade with Norway in the exports of Machines ($253M), Metals ($63.8M), and Instruments ($56.1M).

During 2018, Norway had a large net trade with Malaysia in the exports of Chemical Products ($65.2M), Animal Products ($48.5M), and Machines ($39.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Norway+$20.7MTelephones
Top Product Potential Norway Malaysia+$3.58MNon-fillet Frozen Fish

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

Product Space of Malaysia (Flag) and Norway (Flag) (2023)

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