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2022
Flag → Flag
Exports $611MRnk 44 / 218
2022
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Top Product $94MStearic Acid
2022
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Exports $434MRnk 46 / 217
2022
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Top Product $39.1MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Malaysia-Sweden Trade: In 2022, Malaysia exported $611M to Sweden. The main products that Malaysia exported to Sweden were Stearic Acid ($94M), Palm Oil ($59M), and Rubber Apparel ($52.3M). Over the past 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 7.01%, from $435M in 2017 to $611M in 2022.

In 2022, Malaysia did not export any services to Sweden.

Sweden-Malaysia Trade: In 2022, Sweden exported $434M to Malaysia. The main products that Sweden exported to Malaysia were Packaged Medicaments ($39.1M), Ball Bearings ($29.2M), and Kraft Paper ($23.1M). Over the past 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 1.03%,  from $404M in 2017 to $434M in 2022.

In 2020, Sweden exported services to Malaysia worth $75.4M, with Computer and information services ($25.2M), Personal, cultural, and recreational services ($17M), and Other business services ($11.2M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR169M and imported MYR138M from Sweden, resulting in a positive trade balance of MYR31M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR52.9M (45.6%) from MYR116M to MYR169M, while imports decreased by MYR-14.8M (-9.72%) from MYR153M to MYR138M.

Trade In August 2024, the top exports of Malaysia to Sweden were Semiconductor Devices (MYR16.9M), Integrated Circuits (MYR13.1M), Industrial Fatty Acids, Oils and Alcohols (MYR11.3M), Rubber Apparel (MYR11.1M), and Palm Oil (MYR10.4M). In August 2024 the top imports of Malaysia from Sweden were Motor vehicles; parts and accessories (8701... (MYR32.2M), Packaged Medicaments (MYR20M), Ball Bearings (MYR13M), Telephones (MYR11M), and Kraft Paper (MYR10.2M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Sweden was explained primarily by an increase in product exports in Palm Oil (MYR8.82M or 565%), Integrated Circuits (MYR6.81M or 108%), and Thermostats (MYR4.24M or 442%). In August 2024, the decrease in Malaysia's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Sawn Wood (MYR-4.67M or -79.2%), Ball Bearings (MYR-3.5M or -21.2%), and Machinery Having Individual Functions (MYR-2.7M or -81.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR52.9M(45.6%)
IMPORT GROWTH (August 2023 - August 2024)MYR-14.8M(-9.72%)

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 Sweden and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $611M to Sweden. The main products exported from Malaysia to Sweden were Stearic Acid ($94M), Palm Oil ($59M), and Rubber Apparel ($52.3M). During the last 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 7.01%, from $435M in 2017 to $611M in 2022.

In 2017, Sweden exported $434M to Malaysia. The main products exported from Sweden to Malaysia were Packaged Medicaments ($39.1M), Ball Bearings ($29.2M), and Kraft Paper ($23.1M). During the last 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 1.03%, from $404M in 2022 to $434M in 2017.

Exports from Malaysia (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Malaysia than Sweden included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Sweden than Malaysia included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Sweden

Flow
Scale

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

During 2022, Malaysia had a large net trade with Sweden in the exports of Animal and Vegetable Bi-Products ($218M), Machines ($166M), and Plastics and Rubbers ($68.9M).

During 2017, Sweden had a large net trade with Malaysia in the exports of Machines ($174M), Chemical Products ($64.3M), and Metals ($44.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Sweden+$41MIntegrated Circuits
Top Product Potential Sweden Malaysia+$19.7MMotor vehicles; parts and accessories (8701 to 8705)

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, Sweden exported services to Malaysia worth $75.4M, with Computer and information services ($25.2M), Personal, cultural, and recreational services ($17M), and Other business services ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and Sweden (Flag) (2022)

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