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2023
Flag → Flag
Exports $620MRnk 42 / 221
2023
Flag → Flag
Top Product $127MBall Bearings
2023
Flag → Flag
Exports $2.49BRnk 30 / 137
2023
Flag → Flag
Top Product $1.63BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Malaysia-Russia Trade: In 2023, Malaysia exported $620M to Russia. The main products that Malaysia exported to Russia were Ball Bearings ($127M), Other Electrical Machinery ($109M), and Rubber Apparel ($36.6M). Over the past 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 16.3%, from $1.51B in 2018 to $620M in 2023.

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

Russia-Malaysia Trade: In 2023, Russia exported $2.49B to Malaysia. The main products that Russia exported to Malaysia were Refined Petroleum ($1.63B), Coal Briquettes ($398M), and Potassic Fertilizers ($218M). Over the past 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.4%,  from $1.22B in 2018 to $2.49B in 2023.

In 2020, Russia exported services to Malaysia worth $46.4M, with Other business services ($26.6M), Transportation ($4.3M), and Travel ($3.95M) being the largest in terms of value.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR245M and imported MYR201M from Russia, resulting in a positive trade balance of MYR43.9M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-30.4M (-11%) from MYR275M to MYR245M, while imports decreased by MYR-616M (-75.4%) from MYR817M to MYR201M.

Trade In November 2024, the top exports of Malaysia to Russia were Ball Bearings (MYR55.1M), Computers (MYR47.4M), Rubber Apparel (MYR20.2M), Other Electrical Machinery (MYR15.2M), and Scented Mixtures (MYR11.1M). In November 2024 the top imports of Malaysia from Russia were Refined Petroleum (MYR320M), Coal Briquettes (MYR229M), Potassic Fertilizers (MYR73.1M), Aircraft parts for spacecraft, UAVs, and... (MYR19M), and Malt (MYR1.47M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Russia was explained primarily by an decrease in product exports in Electric Heaters (MYR-32.7M or -99.9%), Rubber Apparel (MYR-21.1M or -51.1%), and Other Electrical Machinery (MYR-16.9M or -52.7%). In November 2024, the decrease in Malaysia's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Potassic Fertilizers (MYR-12.7M or -14.8%), Seed Oils (MYR-10.4M or -92.4%), and Carbon (MYR-2M or -67%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-30.4M(-11%)
IMPORT GROWTH (November 2023 - November 2024)MYR-616M(-75.4%)

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 Russia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $620M to Russia. The main products exported from Malaysia to Russia were Ball Bearings ($127M), Other Electrical Machinery ($109M), and Rubber Apparel ($36.6M). During the last 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 16.3%, from $1.51B in 2018 to $620M in 2023.

In 2018, Russia exported $2.49B to Malaysia. The main products exported from Russia to Malaysia were Refined Petroleum ($1.63B), Coal Briquettes ($398M), and Potassic Fertilizers ($218M). During the last 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.4%, from $1.22B in 2023 to $2.49B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Malaysia than Russia included Singapore ($47.3B), United States ($44.9B), and Thailand ($13.4B).

In 2023, countries that imported more from Russia than Malaysia included India ($66.1B), China ($129B), and Turkey ($31B).

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

Comparative Advantage Malaysia - Russia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Russia in the exports of Machines ($325M), Foodstuffs ($75.7M), and Plastics and Rubbers ($64.3M).

During 2018, Russia had a large net trade with Malaysia in the exports of Mineral Products ($2.04B), Chemical Products ($263M), and Metals ($131M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Russia+$24.5MRefined Petroleum
Top Product Potential Russia Malaysia+$425MRefined Petroleum

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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Bilateral Service Trade

In 2020, Russia exported services to Malaysia worth $46.4M, with Other business services ($26.6M), Transportation ($4.3M), and Travel ($3.95M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Malaysia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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