Malaysia (MYS) and Singapore (SGP) Trade | OEC - The Observatory of Economic Complexity

About

Malaysia-Singapore In 2020, Malaysia exported $36.5B to Singapore. The main products that Malaysia exported to Singapore are Integrated Circuits ($11.1B), Refined Petroleum ($5.63B), and Office Machine Parts ($1.24B). During the last 25 years the exports of Malaysia to Singapore have increased at an annualized rate of 3.4%, from $15.8B in 1995 to $36.5B in 2020.

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 In 2020, Singapore exported $22.9B to Malaysia. The main products that Singapore exported to Malaysia were Integrated Circuits ($5.7B), Refined Petroleum ($4.33B), and Gold ($894M). During the last 25 years the exports of Singapore to Malaysia have increased at an annualized rate of 1.88%, from $14.4B in 1995 to $22.9B in 2020.

In 2020, Singapore did not export any services to Malaysia.

Comparison In 2020, Malaysia ranked 25 in the Economic Complexity Index (ECI 1.02), and 20 in total exports ($266B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Latest Trends

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September, 2020

About

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Overview In September 2020, Malaysia exported MYR12.2B and imported MYR6.51B from Singapore, resulting in a positive trade balance of MYR5.7B. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR1.48B (13.8%) from MYR10.7B to MYR12.2B, while imports decreased by MYR-1.19B (-15.5%) from MYR7.7B to MYR6.51B.

Trade In September 2020, the top exports of Malaysia to Singapore were Integrated Circuits (MYR3.73B), Refined Petroleum (MYR935M), Crude Petroleum (MYR500M), Semiconductor Devices (MYR490M), and Computers (MYR480M). In September 2020 the top imports of Malaysia from Singapore were Refined Petroleum (MYR2.09B), Integrated Circuits (MYR1.8B), Gold (MYR260M), Semiconductor Devices (MYR221M), and Low-voltage Protection Equipment (MYR200M).

Growth In September 2020, the increase in Malaysia's year-by-year exports to Singapore was explained primarily by an increase in product exports in Integrated Circuits (MYR827M or 28.5%), Crude Petroleum (MYR172M or 52.3%), and Tensile Testing Machines (MYR62.8M or 3.38k%). In September 2020, the decrease in Malaysia's year-by-year imports from Singapore was explained primarily by an decrease in product imports in Refined Petroleum (MYR-1.24B or -37.2%), Integrated Circuits (MYR-184M or -9.31%), and Cyclic Hydrocarbons (MYR-74.4M or -73.9%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (September 2019 - September 2020): MYR1.48B, (13.8%)

IMPORT GROWTH (September 2019 - September 2020): MYR-1.19B, (-15.5%)

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 Singapore and Malaysia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Malaysia exported $36.5B to Singapore. The main products exported from Malaysia to Singapore were Integrated Circuits ($11.1B), Refined Petroleum ($5.63B), and Office Machine Parts ($1.24B). During the last 25 years the exports of Malaysia to Singapore have increased at an annualized rate of 3.4%, from $15.8B in 1995 to $36.5B in 2020.

In 2020, Singapore exported $22.9B to Malaysia. The main products exported from Singapore to Malaysia were Integrated Circuits ($5.7B), Refined Petroleum ($4.33B), and Gold ($894M). During the last 25 years the exports of Singapore to Malaysia have increased at an annualized rate of 1.88%, from $14.4B in 1995 to $22.9B in 2020.

Market Competitiveness

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Measure

SectionYear

Malaysia
Top Destination: China, $38.7B

Singapore
Top Destination: China, $42.9B

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 2019, countries that imported more from Malaysia than Singapore were Mexico ($10.2B), United States ($33.8B), and Japan ($15.6B).

In 2019, countries that imported more from Singapore than Malaysia were Hong Kong ($41.7B), Indonesia ($14.8B), and China ($42.9B).

Comparative Advantage Malaysia - Singapore

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Flow

Scale

Year

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

During 2020, Malaysia had a large net trade with Singapore in the exports of Machines ($20B), Mineral Products ($6.81B), and Instruments ($1.83B).

During 2020, Singapore had a large net trade with Malaysia in the exports of Machines ($11.3B), Mineral Products ($4.6B), and Chemical Products ($1.51B).

Service Trade

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Bilateral Service Trade

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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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Malaysia.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Malaysia - Singapore

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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