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2023
Flag → Flag
Exports $6.17BRnk 15 / 221
2023
Flag → Flag
Top Product $1.23BRefined Petroleum
2023
Flag → Flag
Exports $2.15BRnk 13 / 201
2023
Flag → Flag
Top Product $900MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
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GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Malaysia-Philippines Trade: In 2023, Malaysia exported $6.17B to Philippines. The main products that Malaysia exported to Philippines were Refined Petroleum ($1.23B), Integrated Circuits ($943M), and Palm Oil ($412M). Over the past 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 5.99%, from $4.61B in 2018 to $6.17B in 2023.

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

Philippines-Malaysia Trade: In 2023, Philippines exported $2.15B to Malaysia. The main products that Philippines exported to Malaysia were Integrated Circuits ($900M), Refined Petroleum ($78.3M), and Rubber ($76.4M). Over the past 5 years the exports of Philippines to Malaysia have decreased at an annualized rate of 5.35%,  from $2.83B in 2018 to $2.15B in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR2.3B and imported MYR928M from Philippines, resulting in a positive trade balance of MYR1.37B. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR153M (7.11%) from MYR2.15B to MYR2.3B, while imports increased by MYR206M (28.6%) from MYR722M to MYR928M.

Trade In November 2024, the top exports of Malaysia to Philippines were Integrated Circuits (MYR353M), Palm Oil (MYR170M), Crude Petroleum (MYR166M), Refined Petroleum (MYR142M), and Oscilloscopes (MYR48.2M). In November 2024 the top imports of Malaysia from Philippines were Integrated Circuits (MYR476M), Semiconductor Devices (MYR62.2M), Refined Petroleum (MYR45.4M), Electrical Capacitors (MYR33.8M), and Rubber (MYR29.3M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Philippines was explained primarily by an increase in product exports in Integrated Circuits (MYR136M or 62.5%), Cars (MYR20.1M or 289%), and Petroleum Gas (MYR15.7M or 101%). In November 2024, the increase in Malaysia's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Integrated Circuits (MYR94.1M or 24.7%), Refined Petroleum (MYR43.2M or 2k%), and Electrical Capacitors (MYR21.3M or 170%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR153M(7.11%)
IMPORT GROWTH (November 2023 - November 2024)MYR206M(28.6%)

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 Philippines and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $6.17B to Philippines. The main products exported from Malaysia to Philippines were Refined Petroleum ($1.23B), Integrated Circuits ($943M), and Palm Oil ($412M). During the last 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 5.99%, from $4.61B in 2018 to $6.17B in 2023.

In 2018, Philippines exported $2.15B to Malaysia. The main products exported from Philippines to Malaysia were Integrated Circuits ($900M), Refined Petroleum ($78.3M), and Rubber ($76.4M). During the last 5 years the exports of Philippines to Malaysia have decreased at an annualized rate of 5.35%, from $2.83B in 2023 to $2.15B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Malaysia included Switzerland ($2.25B), Micronesia ($5.33M), and Northern Mariana Islands ($4.48M).

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

Comparative Advantage Malaysia - Philippines

Flow
Scale

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

During 2023, Malaysia had a large net trade with Philippines in the exports of Machines ($1.68B), Mineral Products ($1.57B), and Animal and Vegetable Bi-Products ($536M).

During 2018, Philippines had a large net trade with Malaysia in the exports of Machines ($1.42B), Foodstuffs ($134M), and Metals ($126M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Philippines+$346MIntegrated Circuits
Top Product Potential Philippines Malaysia+$588MIntegrated Circuits

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

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

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