Overview In 2021, Malaysia was the number 37 economy in the world in terms of GDP (current US$), the number 21 in total exports, the number 25 in total imports, the number 63 economy in terms of GDP per capita (current US$) and the number 24 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Malaysia are Integrated Circuits ($71B), Refined Petroleum ($29.3B), Palm Oil ($15B), Rubber Apparel ($13.3B), and Petroleum Gas ($10.7B), exporting mostly to Singapore ($49.6B), China ($47.9B), United States ($42.9B), Hong Kong ($19.2B), and Japan ($19B).

In 2021, Malaysia was the world's biggest exporter of Rubber Apparel ($13.3B), Oscilloscopes ($5.34B), Other Vegetable Oils ($1.63B), Copper Powder ($828M), and Platinum Clad Metals ($321M)

Imports The top imports of Malaysia are Integrated Circuits ($34.4B), Refined Petroleum ($18.7B), Crude Petroleum ($4.92B), Coal Briquettes ($4.36B), and Gold ($4.01B), importing mostly from China ($70.7B), Singapore ($27.7B), Japan ($15B), United States ($14.8B), and Chinese Taipei ($13.8B).

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

September, 2020

Historical Data

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Top Export (2021): Integrated Circuits, $71B

Top Destination (2021): Singapore, $49.6B

In 2021, Malaysia exported a total of $333B, making it the number 21 exporter in the world. During the last five reported years the exports of Malaysia have changed by $119B from $214B in 2016 to $333B in 2021.

The most recent exports are led by Integrated Circuits ($71B), Refined Petroleum ($29.3B), Palm Oil ($15B), Rubber Apparel ($13.3B), and Petroleum Gas ($10.7B). The most common destination for the exports of Malaysia are Singapore ($49.6B), China ($47.9B), United States ($42.9B), Hong Kong ($19.2B), and Japan ($19B).

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Fastest Growing Export Markets (2020 - 2021)

Fastest Growing Import Markets (2020 - 2021)

Malaysia Exports Services (2019): $37.6B

Malaysia Imports Services (2019): $42.9B

In 2019, Malaysia exported $37.6B worth of services. The top services exported by Malaysia in 2019 were Personal travel ($17.8B), Other business services ($7.06B), Transportation ($5.23B), Computer and information services ($2.99B), and Business travel ($1.97B).

The top services imported by Malaysia in 2019 were Transportation ($11.5B), Personal travel ($10.1B), Other business services ($7.92B), Computer and information services ($3.53B), and Insurance services ($2.34B).

Economic Complexity

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Most Specialized Products by RCA Index

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Malaysia has a high level of specialization in Copper Powder (31.7), Rubber Apparel (31.2), Platinum Clad Metals (25.3), Other Vegetable Oils (19.6), and Palm Oil (18.5). 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 Disc Chemicals for Electronics (1.94), Machinery Having Individual Functions (1.87), Photographic Film (1.87), Blank Audio Media (1.79), and Oscilloscopes (1.78). 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, were Non-Petroleum Gas (0.22), Nickel Mattes (0.22), Cyclic Hydrocarbons (0.22), Crude Petroleum (0.22), and Aluminium Ore (0.22). 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Malaysia. These are products that tend to be co-exported with the products that Malaysia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Malaysia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨54th to the 24th⁩ 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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