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2023
Flag → Flag
Exports $46.4MRnk 114 / 221
2023
Flag → Flag
Top Product $3.24MMicrophones and Headphones
2023
Flag → Flag
Exports $13MRnk 47 / 146
2023
Flag → Flag
Top Product $6.04MScrap Copper
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Malaysia-Panama Trade: In 2023, Malaysia exported $46.4M to Panama. The main products that Malaysia exported to Panama were Microphones and Headphones ($3.24M), Air Conditioners ($2.91M), and Machinery Having Individual Functions ($2.53M). Over the past 5 years the exports of Malaysia to Panama have decreased at an annualized rate of 20.7%, from $148M in 2018 to $46.4M in 2023.

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

Panama-Malaysia Trade: In 2023, Panama exported $13M to Malaysia. The main products that Panama exported to Malaysia were Scrap Copper ($6.04M), Copper Powder ($2.63M), and Aluminium Powder ($1.59M). Over the past 5 years the exports of Panama to Malaysia have decreased at an annualized rate of 10.6%,  from $49.8M in 2018 to $13M in 2023.

In 2023, Panama 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, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR39M and imported MYR701k from Panama, resulting in a positive trade balance of MYR38.3M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR14.9M (61.5%) from MYR24.2M to MYR39M, while imports decreased by MYR-1.94M (-73.5%) from MYR2.64M to MYR701k.

Trade In November 2024, the top exports of Malaysia to Panama were Other Knit Garments (MYR6.35M), Microphones and Headphones (MYR2.1M), Palm Oil (MYR1.34M), Electric Musical Instruments (MYR736k), and Rubber Apparel (MYR649k). In November 2024 the top imports of Malaysia from Panama were Copper Powder (MYR1.14M), Aluminium Powder (MYR783k), Copper Foil (MYR342k), Scrap Aluminium (MYR151k), and Raw Aluminium (MYR46.3k).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Panama was explained primarily by an increase in product exports in Other Knit Garments (MYR3.49M or 122%), Refined Petroleum (MYR304k or 341%), and Electric Musical Instruments (MYR113k or 18.2%). In November 2024, the decrease in Malaysia's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR14.9M(61.5%)
IMPORT GROWTH (November 2023 - November 2024)MYR-1.94M(-73.5%)

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 Panama and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Panama and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $46.4M to Panama. The main products exported from Malaysia to Panama were Microphones and Headphones ($3.24M), Air Conditioners ($2.91M), and Machinery Having Individual Functions ($2.53M). During the last 5 years the exports of Malaysia to Panama have decreased at an annualized rate of 20.7%, from $148M in 2018 to $46.4M in 2023.

In 2018, Panama exported $13M to Malaysia. The main products exported from Panama to Malaysia were Scrap Copper ($6.04M), Copper Powder ($2.63M), and Aluminium Powder ($1.59M). During the last 5 years the exports of Panama to Malaysia have decreased at an annualized rate of 10.6%, from $49.8M in 2023 to $13M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Panama
Top DestinationChina$1.62B

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

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

In 2023, countries that imported more from Panama than Malaysia included Costa Rica ($307M), Dominican Republic ($148M), and Gabon ($121M).

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

Comparative Advantage Malaysia - Panama

Flow
Scale

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

During 2023, Malaysia had a large net trade with Panama in the exports of Machines ($19.3M), Textiles ($4.97M), and Plastics and Rubbers ($4.32M).

During 2018, Panama had a large net trade with Malaysia in the exports of Metals ($12.5M), Plastics and Rubbers ($177k), and Instruments ($82.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Panama+$6.32MTelephones
Top Product Potential Panama Malaysia+$468kScrap Copper

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

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

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