Overview: In 2019 Malaysia was the number 35 economy in the world in terms of GDP (current US$), the number 21 in total exports, the number 25 in total imports,
the number 66 economy in terms of GDP per capita (current US$) and the number 25 most complex economy according to the Economic Complexity Index (ECI)
Overview: In September 2020 Malaysia exported MYR88.9B and imported MYR67B, resulting in a positive trade balance of MYR22B. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR11.2B (14.4%) from MYR77.7B to MYR88.9B, while imports decreased by MYR-2.41B (-3.48%) from MYR69.4B to MYR67B.
Growth: In September 2020, the increase in Malaysia's year-by-year exports was explained primarily by an increase in exports to China (MYR4.71B or 43.4%), United States (MYR2.1B or 25.5%), and Hong Kong (MYR1.64B or 32.4%), and product exports increase in Integrated Circuits (MYR7.47B or 54.1%), Rubber Apparel (MYR2.32B or 159%), and Palm Oil (MYR1.04B or 37.7%). In September 2020, the decrease in Malaysia's year-by-year imports was explained primarily by an decrease in imports from Singapore (MYR-1.19B or -15.5%), South Korea (MYR-759M or -20.9%), and Thailand (MYR-413M or -11.7%), and product imports decrease in Refined Petroleum (MYR-2.48B or -39.8%), Crude Petroleum (MYR-1.42B or -63.2%), and Gas Turbines (MYR-396M or -72.3%).
EXPORT GROWTH (September 2019 - September 2020): MYR11.2B, (14.4%)
IMPORT GROWTH (September 2019 - September 2020): MYR-2.41B, (-3.48%)
MAIN DESTINATION (September 2020): China, MYR15.6B
This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot, or any product, destination or origin country to explore the exports or imports behavior of Malaysia over time.
In 2019, Malaysia exported a total of $273B, making it the number 21 exporter in the world. During the last five reported years the exports of Malaysia have changed by $15.7B from $257B in 2014 to $273B in 2019.
In 2019 Malaysia imported $207B, making it the number 25 trade destination in the world. During the last five reported years the imports of Malaysia changed by -$5.11B from $212B in 2014 to $207B in 2019.
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).
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 Copper Powder (39), Rubber Apparel (33.9), Palm Oil (20.2), Other Vegetable Oils (19.6), and Asphalt Mixtures (17.8). 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), Microscopes (0.24), Nickel Mattes (0.24), Tapioca (0.24), and Mirrors and Lenses (0.24). 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.