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Pricing

2022
Flag → Flag
Exports $10.7MRnk 155 / 218
2022
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Top Product $3.56MRubber Apparel
2022
Flag → Flag
Exports $24.3MRnk 22 / 126
2022
Flag → Flag
Top Product $4.39MNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 0.96Rnk 28 / 124
2022
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Economic Complexity (ECI) ECI -0.9Rnk 99 / 124
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 PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Malaysia-Venezuela In 2022, Malaysia exported $10.7M to Venezuela. The main products that Malaysia exported to Venezuela are Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). During the last 27 years the exports of Malaysia to Venezuela have decreased at an annualized rate of 4.09%, from $33.2M in 1995 to $10.7M in 2022.

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

Venezuela-Malaysia In 2022, Venezuela exported $24.3M to Malaysia. The main products that Venezuela exported to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). During the last 27 years the exports of Venezuela to Malaysia have increased at an annualized rate of 4.33%, from $7.74M in 1995 to $24.3M in 2022.

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

Comparison In 2022,  Malaysia ranked 28 in the Economic Complexity Index (ECI 0.96), and 22 in total exports ($378B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Latest Trends

September, 2020

About

Overview In September 2020, Malaysia exported MYR1.83M and imported MYR6.32M from Venezuela, resulting in a negative trade balance of MYR4.5M. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR630k (52.6%) from MYR1.2M to MYR1.83M, while imports decreased by MYR-256M (-97.6%) from MYR262M to MYR6.32M.

Trade In September 2020, the top exports of Malaysia to Venezuela were Documents of title (bonds etc) and... (MYR17.7M), Calculators (MYR781k), Cleaning Products (MYR367k), Rubber Apparel (MYR330k), and Natural Polymers (MYR122k). In September 2020 the top imports of Malaysia from Venezuela were Crude Petroleum (MYR214M), Cocoa Beans (MYR2.9M), Scrap Aluminium (MYR227k), Twine, cordage or rope; knotted netting,... (MYR79.7k), and Polyacetals (MYR68.2k).

Growth In September 2020, the increase in Malaysia's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Cleaning Products (MYR241k or 192%) and Thermostats (MYR24.3k or 139%). In September 2020, the decrease in Malaysia's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (MYR-21.4k or -94.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (September 2019 - September 2020)MYR630k(52.6%)
IMPORT GROWTH (September 2019 - September 2020)MYR-256M(-97.6%)

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 Venezuela and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $10.7M to Venezuela. The main products exported from Malaysia to Venezuela were Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). During the last 27 years the exports of Malaysia to Venezuela have decreased at an annualized rate of 4.09%, from $33.2M in 1995 to $10.7M in 2022.

In 2022, Venezuela exported $24.3M to Malaysia. The main products exported from Venezuela to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). During the last 27 years the exports of Venezuela to Malaysia have increased at an annualized rate of 4.33%, from $7.74M in 1995 to $24.3M in 2022.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Malaysia than Venezuela were Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2021, countries that imported more from Venezuela than Malaysia were Montenegro ($75.9M), Lebanon ($150M), and Guyana ($28.9M).

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

Comparative Advantage Malaysia - Venezuela

Flow
Scale

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

During 2022, Malaysia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($4.54M), Machines ($2.63M), and Chemical Products ($964k).

During 2022, Venezuela had a large net trade with Malaysia in the exports of Metals ($11.5M), Animal Products ($4.66M), and Foodstuffs ($4.22M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Malaysia.

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

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