Turkey (TUR) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $614M in 2023.

In 2018, 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 2023 to $4.09B in 2018.

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

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

Latest Data

Trade between Turkey () and Malaysia ()

Turkey Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Malaysia
Top DestinationChina$79.8B

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

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

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

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

Comparative Advantage Turkey - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, Malaysia had a large net trade with Turkey in the exports of Metals ($991M), Animal and Vegetable Bi-Products ($966M), and Machines ($836M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Malaysia+$22.9MJewellery

Top Product Potential Malaysia Turkey+$66.6MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Turkey and Malaysia. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Turkey () and Malaysia ()

Turkey Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Turkey - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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