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2023
Flag → Flag
Exports $21.1MRnk 145 / 221
2023
Flag → Flag
Top Product $2.58MOther Knit Garments
2023
Flag → Flag
Exports $22.5MRnk 49 / 166
2023
Flag → Flag
Top Product $8.91MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 0.22Rnk 52 / 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$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
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GDP GROWTH25.9%CURRENT US$
Rnk 122 / 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$22,798CURRENT US$
Rnk 54 / 196
2013-2023
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GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Malaysia-Uruguay Trade: In 2023, Malaysia exported $21.1M to Uruguay. The main products that Malaysia exported to Uruguay were Other Knit Garments ($2.58M), Palm Oil ($2.5M), and Rubber Apparel ($1.29M). Over the past 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 3.39%, from $17.9M in 2018 to $21.1M in 2023.

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

Uruguay-Malaysia Trade: In 2023, Uruguay exported $22.5M to Malaysia. The main products that Uruguay exported to Malaysia were Sawn Wood ($8.91M), Rough Wood ($3.81M), and Sulfate Chemical Woodpulp ($3.11M). Over the past 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 23.5%,  from $7.85M in 2018 to $22.5M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR7.75M and imported MYR13.3M from Uruguay, resulting in a negative trade balance of MYR5.54M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-3.07M (-28.3%) from MYR10.8M to MYR7.75M, while imports increased by MYR4.19M (46.1%) from MYR9.1M to MYR13.3M.

Trade In November 2024, the top exports of Malaysia to Uruguay were Fishing and Hunting Equipment (MYR1.56M), Other Knit Garments (MYR998k), Palm Oil (MYR925k), Other Electrical Machinery (MYR628k), and Rubber Apparel (MYR462k). In November 2024 the top imports of Malaysia from Uruguay were Sawn Wood (MYR2.03M), Butter (MYR1.26M), Rough Wood (MYR1.12M), Leather of Other Animals (MYR722k), and Other Large Iron Pipes (MYR341k).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Uruguay was explained primarily by an decrease in product exports in Rubber Apparel (MYR-4.67M or -91%), Microphones and Headphones (MYR-1.42M or -93.5%), and Rubber Tires (MYR-299k or -68.6%). In November 2024, the increase in Malaysia's year-by-year imports  from Uruguay was explained primarily by an increase in product imports  in Sawn Wood (MYR1.72M or 555%), Rough Wood (MYR276k or 32.8%), and Coffee (MYR203k or 675%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-3.07M(-28.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR4.19M(46.1%)

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 Uruguay and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uruguay and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $21.1M to Uruguay. The main products exported from Malaysia to Uruguay were Other Knit Garments ($2.58M), Palm Oil ($2.5M), and Rubber Apparel ($1.29M). During the last 5 years the exports of Malaysia to Uruguay have increased at an annualized rate of 3.39%, from $17.9M in 2018 to $21.1M in 2023.

In 2018, Uruguay exported $22.5M to Malaysia. The main products exported from Uruguay to Malaysia were Sawn Wood ($8.91M), Rough Wood ($3.81M), and Sulfate Chemical Woodpulp ($3.11M). During the last 5 years the exports of Uruguay to Malaysia have increased at an annualized rate of 23.5%, from $7.85M in 2023 to $22.5M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Uruguay
Top DestinationChina$2.34B

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

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

In 2023, countries that imported more from Uruguay than Malaysia included Brazil ($1.92B), Argentina ($569M), and Chile ($285M).

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

Comparative Advantage Malaysia - Uruguay

Flow
Scale

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

During 2023, Malaysia had a large net trade with Uruguay in the exports of Machines ($4.99M), Textiles ($3.07M), and Animal and Vegetable Bi-Products ($3.03M).

During 2018, Uruguay had a large net trade with Malaysia in the exports of Wood Products ($12.7M), Paper Goods ($3.11M), and Animal Products ($1.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Uruguay+$2.41MTelephones
Top Product Potential Uruguay Malaysia+$1.43MSulfate Chemical Woodpulp

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

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

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