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2023
Flag → Flag
Exports $2.49BRnk 30 / 137
2023
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Top Product $1.63BRefined Petroleum
2023
Flag → Flag
Exports $620MRnk 42 / 221
2023
Flag → Flag
Top Product $127MBall Bearings
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 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 PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Russia-Malaysia Trade: In 2023, Russia exported $2.49B to Malaysia. The main products that Russia exported to Malaysia were Refined Petroleum ($1.63B), Coal Briquettes ($398M), and Potassic Fertilizers ($218M). Over the past 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.4%, from $1.22B in 2018 to $2.49B in 2023.

In 2020, Russia exported services to Malaysia worth $46.4M, with Other business services ($26.6M), Transportation ($4.3M), and Travel ($3.95M) being the largest in terms of value.

Malaysia-Russia Trade: In 2023, Malaysia exported $620M to Russia. The main products that Malaysia exported to Russia were Ball Bearings ($127M), Other Electrical Machinery ($109M), and Rubber Apparel ($36.6M). Over the past 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 16.3%,  from $1.51B in 2018 to $620M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $97.2M and imported $142M from Malaysia, resulting in a negative trade balance of $44.6M. Between January 2021 and January 2022 the exports of Russia have increased by $22.2M (29.6%) from $75M to $97.2M, while imports increased by $29.5M (26.3%) from $112M to $142M.

Trade In January 2022, the top exports of Russia to Malaysia were Refined Petroleum ($43.9M), Coal Briquettes ($17.2M), Potassic Fertilizers ($2.77M), Seed Oils ($2.55M), and Iron Railway Products ($2.24M). In January 2022 the top imports of Russia from Malaysia were Rubber Apparel ($23.1M), Integrated Circuits ($19.3M), Telephones ($4.95M), Other Electrical Machinery ($4.28M), and Cocoa Butter ($4.25M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($61.2M), KEMEROVO REGION ($18.7M), SAMARA REGION ($2.9M), CHELYABINSK REGION ($2.52M), and KRASNODAR TERRITORY ($1.54M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($61.5M), MOSCOW REGION ($24.5M), ST. PETERSBURG ($16.8M), SAMARA REGION ($4.8M), and LENINGRAD REGION ($4.38M).

Growth In January 2022, the increase in Russia's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Sulfate Chemical Woodpulp ($677k or 157%), Carbon ($279k or 611%), and Kraft Paper ($242k or 82.7%). In January 2022, the increase in Russia's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Rubber Apparel ($15.4M or 202%), Integrated Circuits ($4.16M or 27.5%), and Soap ($2.31M or 253%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$22.2M(29.6%)
IMPORT GROWTH (January 2021 - January 2022)$29.5M(26.3%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$61.2M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Malaysia and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $2.49B to Malaysia. The main products exported from Russia to Malaysia were Refined Petroleum ($1.63B), Coal Briquettes ($398M), and Potassic Fertilizers ($218M). During the last 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.4%, from $1.22B in 2018 to $2.49B in 2023.

In 2018, Malaysia exported $620M to Russia. The main products exported from Malaysia to Russia were Ball Bearings ($127M), Other Electrical Machinery ($109M), and Rubber Apparel ($36.6M). During the last 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 16.3%, from $1.51B in 2023 to $620M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Russia than Malaysia included India ($66.1B), China ($129B), and Turkey ($31B).

In 2023, countries that imported more from Malaysia than Russia included Singapore ($47.3B), United States ($44.9B), and Thailand ($13.4B).

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

Comparative Advantage Russia - Malaysia

Flow
Scale

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

During 2023, Russia had a large net trade with Malaysia in the exports of Mineral Products ($2.04B), Chemical Products ($263M), and Metals ($131M).

During 2018, Malaysia had a large net trade with Russia in the exports of Machines ($325M), Foodstuffs ($75.7M), and Plastics and Rubbers ($64.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Malaysia+$425MRefined Petroleum
Top Product Potential Malaysia Russia+$24.5MRefined Petroleum

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

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

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