Gold in Malaysia | The Observatory of Economic Complexity

About

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).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Gold from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Gold exports accounted up to MYR57.7M and imports accounted up to MYR1.06B, resulting in a negative trade balance of MYR1B. Between September 2019 and September 2020 the exports of Malaysia's Gold have decreased by MYR-904k (-1.54%) from MYR58.6M to MYR57.7M, while imports increased by MYR504M (90.5%) from MYR557M to MYR1.06B.

Destinations In September 2020, Gold were exported mostly to Switzerland (MYR13.9M), Hong Kong (MYR10.7M), Australia (MYR10M), United Arab Emirates (MYR6.08M), and Japan (MYR5.22M), and were imported mostly from Singapore (MYR559M), Switzerland (MYR268M), United Arab Emirates (MYR186M), Turkey (MYR19.6M), and Saudi Arabia (MYR9.15M).

Growth In September 2020, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-113M or -86.4%), Japan (MYR-12.8M or -85.3%), and Australia (MYR-3.2M or -23.1%). In September 2020, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates (MYR135M or 138%), Singapore (MYR95.8M or 58.5%), and United States (MYR3.69M or 67.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR-904k(-1.54%)

IMPORT GROWTH (September 2019 - September 2020)MYR504M(90.5%)

MAIN DESTINATION (September 2020)SwitzerlandMYR13.9M

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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