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2023
Flag → Flag
Exports $122MRnk 88 / 221
2023
Flag → Flag
Top Product $91.5MPalm Oil
2023
Flag → Flag
Exports $1.33kRnk 83 / 92
2023
Flag → Flag
Top Product $659Non-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
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GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Malaysia-Somalia Trade: In 2023, Malaysia exported $122M to Somalia. The main products that Malaysia exported to Somalia were Palm Oil ($91.5M), Concentrated Milk ($18.1M), and Coconut Oil ($3.65M). Over the past 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 7.93%, from $83.3M in 2018 to $122M in 2023.

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

Somalia-Malaysia Trade: In 2023, Somalia exported $1.33k to Malaysia. The main products that Somalia exported to Malaysia were Non-Knit Women's Suits ($659), Live Fish ($453), and Knit Babies' Garments ($110). Over the past 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 75%,  from $1.36M in 2018 to $1.33k in 2023.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR34.3M and imported MYR599 from Somalia, resulting in a positive trade balance of MYR34.3M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-36.7M (-51.7%) from MYR71.1M to MYR34.3M, while imports decreased by MYR-1.92k (-76.2%) from MYR2.52k to MYR599.

Trade In November 2024, the top exports of Malaysia to Somalia were Palm Oil (MYR18.7M), Concentrated Milk (MYR6.29M), Aircraft parts for spacecraft, UAVs, and... (MYR745k), Coconut Oil (MYR697k), and Plastic Floor Coverings (MYR490k). In November 2024 the top imports of Malaysia from Somalia were Non-Knit Women's Suits (MYR2k), Knit Babies' Garments (MYR500), and Non-Knit Active Wear (MYR500).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Palm Oil (MYR-33M or -63.8%), Coconut Oil (MYR-1.48M or -68%), and Honey (MYR-60k or -80%). In November 2024, the decrease in Malaysia's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-36.7M(-51.7%)
IMPORT GROWTH (November 2023 - November 2024)MYR-1.92k(-76.2%)

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 Somalia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $122M to Somalia. The main products exported from Malaysia to Somalia were Palm Oil ($91.5M), Concentrated Milk ($18.1M), and Coconut Oil ($3.65M). During the last 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 7.93%, from $83.3M in 2018 to $122M in 2023.

In 2018, Somalia exported $1.33k to Malaysia. The main products exported from Somalia to Malaysia were Non-Knit Women's Suits ($659), Live Fish ($453), and Knit Babies' Garments ($110). During the last 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 75%, from $1.36M in 2023 to $1.33k in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Somalia
Top DestinationUnited Arab Emirates$360M

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

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

In 2023, no countries were registered that imported more from Somalia than from Malaysia.

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

Comparative Advantage Malaysia - Somalia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($95.1M), Animal Products ($18.1M), and Chemical Products ($4.15M).

During 2018, Somalia had a large net trade with Malaysia in the exports of Textiles ($879) and Animal Products ($453).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Somalia+$457kPlywood
Top Product Potential Somalia Malaysia+$5.31kGold

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

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

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