United States (USA) and Malaysia (MYS) Trade

2023

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Exports $18.9BRnk 22 / 220

2023

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About

United States-Malaysia Trade: In 2023, United States exported $18.9B to Malaysia. The main products that United States exported to Malaysia were Integrated Circuits ($4.65B), Aircraft parts (gliders, balloons, and powered aircraft) ($1.04B), and Machinery Having Individual Functions ($697M). Over the past 5 years the exports of United States to Malaysia have increased at an annualized rate of 4.39%, from $15.3B in 2018 to $18.9B in 2023.

In 2017, United States exported services to Malaysia worth $3B, with Other business services ($847M), Travel ($704M), and Financial services ($651M) being the largest in terms of value.

Malaysia-United States Trade: In 2023, Malaysia exported $44.9B to United States. The main products that Malaysia exported to United States were Integrated Circuits ($9.62B), Semiconductor Devices ($3.76B), and Broadcasting Equipment ($3.56B). Over the past 5 years the exports of Malaysia to United States have increased at an annualized rate of 2.81%, from $39.1B in 2018 to $44.9B in 2023.

In 2010, Malaysia exported services to United States worth $1.83B, with Other business services ($1.11B), Travel ($223M), and Transportation ($211M) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Company data: In 2023, leading companies such as Halyard Health (1.33k), Coaster Fine Furniture (890), and Motorola (838) were at the forefront of exporting goods from Malaysia to the United States. Conversely, Other (1.52k), Unknown (909), and Hp Singapore (private) Limited (570) were notable for importing products to Malaysia from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $2.08B and imported $4.78B from Malaysia, resulting in a negative trade balance of $2.7B. Between November 2023 and November 2024 the exports of United States have increased by $183M (9.62%) from $1.9B to $2.08B, while imports increased by $1.17B (32.5%) from $3.61B to $4.78B.

Trade In November 2024, the top exports of United States to Malaysia were Integrated Circuits ($369M), Aircraft parts (gliders, balloons, and powered... ($91.3M), Semiconductor Devices ($61.8M), Ethylene Polymers ($57.8M), and Scrap Aluminium ($56.1M). In November 2024 the top imports of United States from Malaysia were Integrated Circuits ($770M), Semiconductor Devices ($302M), Telephones ($282M), Other Electrical Machinery ($267M), and Industrial Printers ($227M).

Origins In November 2024 the exports of United States were mainly from Oregon ($404M), California ($304M), Texas ($291M), Kentucky ($144M), and New Mexico ($97.2M), while imports destinations were mainly California ($998M), Idaho ($679M), Texas ($550M), Arizona ($221M), and South Carolina ($192M).

Growth In November 2024, the increase in United States's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Aircraft parts (gliders, balloons, and powered... ($39.9M or 77.7%), Ethylene Polymers ($33.9M or 143%), and Commodities not elsewhere specified ($26M or 115%). In November 2024, the increase in United States's year-by-year imports from Malaysia was explained primarily by an increase in product imports in Semiconductor Devices ($116M or 62.1%), Commodities not elsewhere specified ($56.1M or 89.2%), and Broadcasting Equipment ($44.9M or 197%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$183M(9.62%)

IMPORT GROWTH (November 2023 - November 2024)$1.17B(32.5%)

MAIN EXPORTER (November 2024)Oregon$404M

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

To check Malaysia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $18.9B to Malaysia. The main products exported from United States to Malaysia were Integrated Circuits ($4.65B), Aircraft parts (gliders, balloons, and powered aircraft) ($1.04B), and Machinery Having Individual Functions ($697M). During the last 5 years the exports of United States to Malaysia have increased at an annualized rate of 4.39%, from $15.3B in 2018 to $18.9B in 2023.

In 2018, Malaysia exported $44.9B to United States. The main products exported from Malaysia to United States were Integrated Circuits ($9.62B), Semiconductor Devices ($3.76B), and Broadcasting Equipment ($3.56B). During the last 5 years the exports of Malaysia to United States have increased at an annualized rate of 2.81%, from $39.1B in 2023 to $44.9B in 2018.

Exports from United States () to Malaysia () (2023)

Exports from Malaysia () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from United States than Malaysia included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

In 2023, countries that imported more from Malaysia than United States included Singapore ($47.3B), Vietnam ($11.4B), and Brunei ($1.96B).

Difference in imports from Malaysia () and United States () (2023)

Comparative Advantage United States - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United States had a large net trade with Malaysia in the exports of Machines ($8.77B), Transportation ($1.84B), and Metals ($1.79B).

During 2018, Malaysia had a large net trade with United States in the exports of Machines ($32.5B), Instruments ($3.64B), and Miscellaneous ($2.27B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Malaysia+$185MCrude Petroleum

Top Product Potential Malaysia United States+$766MComputers

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

Product Space of United States () and Malaysia () (2023)

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