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2023
Flag → Flag
Exports $47.3BRnk 2 / 221
2023
Flag → Flag
Top Product $12.1BIntegrated Circuits
2023
Flag → Flag
Exports $31.4BRnk 4 / 217
2023
Flag → Flag
Top Product $8.87BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
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GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Malaysia-Singapore Trade: In 2023, Malaysia exported $47.3B to Singapore. The main products that Malaysia exported to Singapore were Integrated Circuits ($12.1B), Refined Petroleum ($8.91B), and Machinery Having Individual Functions ($2.79B). Over the past 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 2.28%, from $42.3B in 2018 to $47.3B in 2023.

In 2010, Malaysia exported services to Singapore worth $10.7B, with Travel ($9.17B), Other business services ($868M), and Transportation ($362M) being the largest in terms of value.

Singapore-Malaysia Trade: In 2023, Singapore exported $31.4B to Malaysia. The main products that Singapore exported to Malaysia were Refined Petroleum ($8.87B), Integrated Circuits ($6.15B), and Semiconductor Devices ($1.56B). Over the past 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 2.64%,  from $26.1B in 2018 to $31.4B in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR18B and imported MYR13.6B from Singapore, resulting in a positive trade balance of MYR4.43B. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-240M (-1.32%) from MYR18.2B to MYR18B, while imports increased by MYR276M (2.07%) from MYR13.3B to MYR13.6B.

Trade In November 2024, the top exports of Malaysia to Singapore were Integrated Circuits (MYR7.28B), Refined Petroleum (MYR2.44B), Semiconductor Devices (MYR447M), Machines and apparatus of a kind... (MYR440M), and Office Machine Parts (MYR437M). In November 2024 the top imports of Malaysia from Singapore were Refined Petroleum (MYR2.94B), Integrated Circuits (MYR1.69B), Gold (MYR343M), Low-voltage Protection Equipment (MYR235M), and Other Measuring Instruments (MYR166M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Orthopedic Appliances (MYR-117M or -92.9%), Machines and apparatus of a kind... (MYR-107M or -19.6%), and Machinery Having Individual Functions (MYR-101M or -47.2%). In November 2024, the increase in Malaysia's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Refined Petroleum (MYR653M or 28.6%), Low-voltage Protection Equipment (MYR142M or 151%), and Other Measuring Instruments (MYR95.9M or 136%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-240M(-1.32%)
IMPORT GROWTH (November 2023 - November 2024)MYR276M(2.07%)

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 Singapore and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $47.3B to Singapore. The main products exported from Malaysia to Singapore were Integrated Circuits ($12.1B), Refined Petroleum ($8.91B), and Machinery Having Individual Functions ($2.79B). During the last 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 2.28%, from $42.3B in 2018 to $47.3B in 2023.

In 2018, Singapore exported $31.4B to Malaysia. The main products exported from Singapore to Malaysia were Refined Petroleum ($8.87B), Integrated Circuits ($6.15B), and Semiconductor Devices ($1.56B). During the last 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 2.64%, from $26.1B in 2023 to $31.4B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Malaysia than Singapore included China ($79.8B), United States ($44.9B), and Japan ($19.3B).

In 2023, countries that imported more from Singapore than Malaysia included Hong Kong ($44.5B), Nigeria ($9.35B), and South Korea ($20.1B).

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

Comparative Advantage Malaysia - Singapore

Flow
Scale

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

During 2023, Malaysia had a large net trade with Singapore in the exports of Machines ($23.3B), Mineral Products ($10.5B), and Instruments ($2.03B).

During 2018, Singapore had a large net trade with Malaysia in the exports of Machines ($12.7B), Mineral Products ($9.32B), and Chemical Products ($1.79B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Singapore+$850MIntegrated Circuits
Top Product Potential Singapore Malaysia+$1.34BIntegrated 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 Singapore. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Malaysia.

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

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