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2023
Flag → Flag
Exports $4.09BRnk 17 / 221
2023
Flag → Flag
Top Product $741MPalm Oil
2023
Flag → Flag
Exports $614MRnk 70 / 216
2023
Flag → Flag
Top Product $48.7MJewellery
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
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GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
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GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Malaysia-Turkey Trade: In 2023, Malaysia exported $4.09B to Turkey. The main products that Malaysia exported to Turkey were Palm Oil ($741M), Raw Aluminium ($452M), and Semi-Finished Iron ($297M). Over the past 5 years the exports of Malaysia to Turkey have increased at an annualized rate of 12.9%, from $2.23B in 2018 to $4.09B in 2023.

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

Turkey-Malaysia Trade: In 2023, Turkey exported $614M to Malaysia. The main products that Turkey exported to Malaysia were Jewellery ($48.7M), Gold ($47.8M), and Carbonates ($43.2M). Over the past 5 years the exports of Turkey to Malaysia have increased at an annualized rate of 6.52%,  from $448M in 2018 to $614M in 2023.

In 2009, Turkey exported services to Malaysia worth $1.03M, with Insurance services ($1.03M) being the largest in terms of value.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

December, 2023

About

Overview In December 2023, Malaysia exported MYR1.45B and imported MYR292M from Turkey, resulting in a positive trade balance of MYR1.16B. Between December 2022 and December 2023 the exports of Malaysia have increased by MYR300M (26%) from MYR1.15B to MYR1.45B, while imports increased by MYR155M (113%) from MYR137M to MYR292M.

Trade In December 2023, the top exports of Malaysia to Turkey were Raw Aluminium (MYR279M), Palm Oil (MYR195M), Nitrogenous Fertilizers (MYR95.8M), Other Vegetable Oils (MYR91.9M), and Coconut Oil (MYR57.4M). In December 2023 the top imports of Malaysia from Turkey were Jewellery (MYR18.6M), Borax (MYR14.8M), Aircraft parts for spacecraft, UAVs, and... (MYR11.6M), Pasta (MYR6.79M), and Animal Food (MYR6.31M).

Growth In December 2023, the increase in Malaysia's year-by-year exports to Turkey was explained primarily by an increase in product exports in Excavation Machinery (MYR53.6M or 35.2k%), Coconut Oil (MYR23.9M or 71.5%), and Vacuum Cleaners (MYR22.3M or 166%). In December 2023, the increase in Malaysia's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Borax (MYR10.3M or 227%), Other Oily Seeds (MYR2.06M or 200%), and Animal Food (MYR2.04M or 47.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2022 - December 2023)MYR300M(26%)
IMPORT GROWTH (December 2022 - December 2023)MYR155M(113%)

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 Turkey and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $4.09B to Turkey. The main products exported from Malaysia to Turkey were Palm Oil ($741M), Raw Aluminium ($452M), and Semi-Finished Iron ($297M). During the last 5 years the exports of Malaysia to Turkey have increased at an annualized rate of 12.9%, from $2.23B in 2018 to $4.09B in 2023.

In 2018, Turkey exported $614M to Malaysia. The main products exported from Turkey to Malaysia were Jewellery ($48.7M), Gold ($47.8M), and Carbonates ($43.2M). During the last 5 years the exports of Turkey to Malaysia have increased at an annualized rate of 6.52%, from $448M in 2023 to $614M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Malaysia included Germany ($24.7B), Iraq ($12.8B), and United Arab Emirates ($14.7B).

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

Comparative Advantage Malaysia - Turkey

Flow
Scale

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

During 2023, Malaysia had a large net trade with Turkey in the exports of Metals ($991M), Animal and Vegetable Bi-Products ($966M), and Machines ($836M).

During 2018, Turkey had a large net trade with Malaysia in the exports of Precious Metals ($96.6M), Mineral Products ($78.8M), and Chemical Products ($76.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Turkey+$66.6MRefined Petroleum
Top Product Potential Turkey Malaysia+$22.9MJewellery

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

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

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