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.
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.
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.
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).
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.
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.
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.
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.
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.
Malaysia
