Gold in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $410M in Gold, making it the 71st largest exporter of Gold in the world. At the same year, Gold was the 113th most exported product in Malaysia. The main destination of Gold exports from Malaysia are: Switzerland ($86.5M), Thailand ($85.2M), Hong Kong ($45.2M), Japan ($45.1M), and United Arab Emirates ($43M).

The fastest growing export markets for Gold of Malaysia between 2021 and 2022 were Bangladesh ($36.6M), Thailand ($11.8M), and Hong Kong ($9.92M).

Imports In 2022, Malaysia imported $2.99B in Gold, becoming the 21st largest importer of Gold in the world. At the same year, Gold was the 11th most imported product in Malaysia. Malaysia imports Gold primarily from: Singapore ($1.16B), Switzerland ($548M), United Arab Emirates ($492M), Japan ($402M), and Australia ($105M).

The fastest growing import markets in Gold for Malaysia between 2021 and 2022 were Thailand ($65.9M), Australia ($38.6M), and South Korea ($11.8M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Gold exports accounted up to MYR274M and imports accounted up to MYR1.62B, resulting in a negative trade balance of MYR1.35B. Between August 2023 and August 2024 the exports of Malaysia's Gold have increased by MYR77.7M (39.6%) from MYR196M to MYR274M, while imports increased by MYR403M (33%) from MYR1.22B to MYR1.62B.

Destinations In August 2024, Gold were exported mostly to Hong Kong (MYR127M), Switzerland (MYR49.2M), Singapore (MYR25.1M), United Arab Emirates (MYR24.1M), and Thailand (MYR20.8M), and were imported mostly from Singapore (MYR701M), Switzerland (MYR301M), Hong Kong (MYR231M), United Arab Emirates (MYR218M), and Australia (MYR100M).

Growth In August 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Bangladesh (MYR22.2M or 122%), Switzerland (MYR12.5M or 125%), and Singapore (MYR6.85M or 244%). In August 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Australia (MYR17.7M or 203%), United States (MYR6.93M or 108%), and Switzerland (MYR3.61M or 1.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)MYR77.7M(39.6%)

IMPORT GROWTH (August 2023 - August 2024)MYR403M(33%)

MAIN DESTINATION (August 2024)Hong KongMYR127M

This section shows Gold's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$410M

IMPORTS (2022)$2.99B

NET TRADE (2022)-$2.58B

In 2022, Malaysia exported $410M in Gold. The main destinations of Malaysia exports on Gold were Switzerland ($86.5M), Thailand ($85.2M), Hong Kong ($45.2M), Japan ($45.1M), and United Arab Emirates ($43M).

In 2022, Malaysia imported $2.99B in Gold, mainly from Singapore ($1.16B), Switzerland ($548M), United Arab Emirates ($492M), Japan ($402M), and Australia ($105M).

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