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2023
Flag → Flag
Exports $13.4BRnk 6 / 221
2023
Flag → Flag
Top Product $2.19BCrude Petroleum
2023
Flag → Flag
Exports $12.5BRnk 7 / 216
2023
Flag → Flag
Top Product $1.11BMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Malaysia-Thailand Trade: In 2023, Malaysia exported $13.4B to Thailand. The main products that Malaysia exported to Thailand were Crude Petroleum ($2.19B), Integrated Circuits ($1.5B), and Petroleum Gas ($1.07B). Over the past 5 years the exports of Malaysia to Thailand have decreased at an annualized rate of 0.39%, from $13.7B in 2018 to $13.4B in 2023.

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

Thailand-Malaysia Trade: In 2023, Thailand exported $12.5B to Malaysia. The main products that Thailand exported to Malaysia were Motor vehicles; parts and accessories (8701 to 8705) ($1.11B), Delivery Trucks ($817M), and Integrated Circuits ($700M). Over the past 5 years the exports of Thailand to Malaysia have decreased at an annualized rate of 0.32%,  from $12.7B in 2018 to $12.5B in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR4.99B and imported MYR4.07B from Thailand, resulting in a positive trade balance of MYR922M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-534M (-9.67%) from MYR5.53B to MYR4.99B, while imports decreased by MYR-699M (-14.7%) from MYR4.77B to MYR4.07B.

Trade In November 2024, the top exports of Malaysia to Thailand were Integrated Circuits (MYR1.26B), Crude Petroleum (MYR439M), Refined Petroleum (MYR360M), Petroleum Gas (MYR309M), and Blank Audio Media (MYR195M). In November 2024 the top imports of Malaysia from Thailand were Delivery Trucks (MYR467M), Motor vehicles; parts and accessories (8701... (MYR342M), Integrated Circuits (MYR314M), Rubber (MYR212M), and Computers (MYR131M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Blank Audio Media (MYR-122M or -38.5%), Hot-Rolled Iron Bars (MYR-95.9M or -67.7%), and Office Machine Parts (MYR-95.2M or -59.6%). In November 2024, the decrease in Malaysia's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Rubber (MYR-224M or -51.3%), Vaccines, blood, antisera, toxins and cultures (MYR-73.1M or -99.9%), and Coal Tar Oil (MYR-46M or -90%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-534M(-9.67%)
IMPORT GROWTH (November 2023 - November 2024)MYR-699M(-14.7%)

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 Thailand and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $13.4B to Thailand. The main products exported from Malaysia to Thailand were Crude Petroleum ($2.19B), Integrated Circuits ($1.5B), and Petroleum Gas ($1.07B). During the last 5 years the exports of Malaysia to Thailand have decreased at an annualized rate of 0.39%, from $13.7B in 2018 to $13.4B in 2023.

In 2018, Thailand exported $12.5B to Malaysia. The main products exported from Thailand to Malaysia were Motor vehicles; parts and accessories (8701 to 8705) ($1.11B), Delivery Trucks ($817M), and Integrated Circuits ($700M). During the last 5 years the exports of Thailand to Malaysia have decreased at an annualized rate of 0.32%, from $12.7B in 2023 to $12.5B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Malaysia than Thailand included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

In 2023, countries that imported more from Thailand than Malaysia included United States ($58.5B), Cambodia ($6.19B), and Japan ($24.9B).

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

Comparative Advantage Malaysia - Thailand

Flow
Scale

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

During 2023, Malaysia had a large net trade with Thailand in the exports of Machines ($4.12B), Mineral Products ($3.84B), and Chemical Products ($1.36B).

During 2018, Thailand had a large net trade with Malaysia in the exports of Machines ($3.24B), Transportation ($2.63B), and Plastics and Rubbers ($1.44B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Thailand+$813MCrude Petroleum
Top Product Potential Thailand Malaysia+$626MIntegrated 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 Thailand. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Malaysia.

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

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