Flag Malaysia

Econ Complexity (2018): 0.97, Rank 26 of 137

Product Exports (2018): $270B, Rank 20 of 222

Exports Per Capita (2018): $8.56k, Rank 64 of 219

Product Imports (2018): $212B, Rank 25 of 221

Imports Per Capita (2018): $6.73k, Rank 69 of 219

Service Exports (2018): $36.8B, Rank 15 of 88

Service Imports (2018): $44B, Rank 15 of 88

GDP (2018): $359B, CURRENT US$
Rank 35 of 196

GDP growth (2008 - 2018): 55.4%, CURRENT US$
Rank 74 of 196

GDP PC (2018): $11,373, CURRENT US$
Rank 68 of 196

GDP PC GROWTH (2008 - 2018): 34.2%, CURRENT US$
Rank 73 of 196

Overview: In 2018 Malaysia was the number 35 economy in the world in terms of GDP (current US$), the number 20 in total exports, the number 25 in total imports, and the number 26 most complex economy according to the Economic Complexity Index (ECI). In 2018, Malaysia exported $270B and imported $212B, resulting in a positive trade balance of $57.6B. In 2018, Malaysia's exports per capita were $8.56k and its imports per capita were $6.73k.

Trade: The top exports of Malaysia are Integrated Circuits ($55.5B), Refined Petroleum ($19.1B), Petroleum Gas ($11.4B), Crude Petroleum ($10.4B), and Palm Oil ($9.28B). The top imports of Malaysia are Integrated Circuits ($29.6B), Refined Petroleum ($20.4B), Crude Petroleum ($6.97B), Office Machine Parts ($3.93B), and Broadcasting Equipment ($3.85B).

Destinations: Malaysia exports mostly to Singapore ($36.8B), China ($36.1B), United States ($28.3B), Hong Kong ($19.5B), and Japan ($17.2B), and imports mostly from China ($45B), Singapore ($32.3B), Japan ($13.6B), United States ($12.4B), and Thailand ($11.8B).

Location: Malaysia borders Brunei, Indonesia, and Thailand by land and Philippines, Singapore, and Vietnam by sea.

Product Exports

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Value

Top Export (2018): Integrated Circuits, $55.5B

Top Destination (2018): Singapore, $36.8B

In 2018 Malaysia exported a total of $270B, making it the number 20 exporter in the world. During the last five reported years the exports of Malaysia have changed by $2.1B from $268B in 2013 to $270B in 2018.

The most recent exports are led by Integrated Circuits ($55.5B), Refined Petroleum ($19.1B), Petroleum Gas ($11.4B), Crude Petroleum ($10.4B), and Palm Oil ($9.28B). The most common destination for the exports of Malaysia are Singapore ($36.8B), China ($36.1B), United States ($28.3B), Hong Kong ($19.5B), and Japan ($17.2B).

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Product Imports

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Top Import (2018): Integrated Circuits, $29.6B

Top Origin (2018): China, $45B

In 2018 Malaysia imported $212B, making it the number 25 trade destination in the world. During the last five reported years the imports of Malaysia changed by $8.8B from $203B in 2013 to $212B in 2018.

The most recent imports of Malaysia are led by Integrated Circuits ($29.6B), Refined Petroleum ($20.4B), Crude Petroleum ($6.97B), Office Machine Parts ($3.93B), and Broadcasting Equipment ($3.85B). The most common import partners for Malaysia are China ($45B), Singapore ($32.3B), Japan ($13.6B), United States ($12.4B), and Thailand ($11.8B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Malaysia Exports Services (2018): $36.8B

Malaysia Imports Services (2018): $44B

In 2018, Malaysia exported $36.8B worth of services. The top services exported by Malaysia in 2018 were Personal travel ($17.3B), Other business services ($6.64B), Transportation ($5.07B), Computer and information services ($2.82B), and Business travel ($2.28B).

The top services imported by Malaysia in 2018 were Transportation ($11.9B), Personal travel ($10B), Other business services ($7.56B), Computer and information services ($3.25B), and Construction services ($2.91B).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Malaysia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Malaysia are Tobacco refuse (1.33k%) and Undenatured ethyl alcohol > 80% by volume (898%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Malaysia are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Malaysia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨52nd to the 26th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Malaysia has a high level of specialization in Rubber Apparel (36.1), Copper Powder (30.8), Palm Oil (20.1), Other Vegetable Oils (18.7), and Rubber Thread (16.9). Specialization is measured using RCA, an index that takes the ratio between Malaysia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Malaysia according to the product complexity index (PCI) are Chemical element/compound wafers doped for electronics (2.2), Photograph film, rolls, unexposed, not paper (2.02), Machines nes having individual functions (2), Machines for hot working of glass, light bulbs, etc (1.67), and Acrylic polymers in primary forms (1.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Malaysia according to the relatedness index, are Pearls (0.25), Cocoa Shells (0.24), LCDs (0.24), Crude Petroleum (0.24), and Microscopes (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Malaysia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.