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2023
Flag → Flag
Exports $683MRnk 60 / 220
2023
Flag → Flag
Top Product $90.4MPig Meat
2023
Flag → Flag
Exports $1.76BRnk 26 / 221
2023
Flag → Flag
Top Product $128MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Spain-Malaysia Trade: In 2023, Spain exported $683M to Malaysia. The main products that Spain exported to Malaysia were Pig Meat ($90.4M), Packaged Medicaments ($68.3M), and Raw Zinc ($42.9M). Over the past 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 1.61%, from $740M in 2018 to $683M in 2023.

In 2023, Spain did not export any services to Malaysia.

Malaysia-Spain Trade: In 2023, Malaysia exported $1.76B to Spain. The main products that Malaysia exported to Spain were Raw Aluminium ($128M), Industrial Fatty Acids, Oils and Alcohols ($123M), and Inedible Fats and Oils ($102M). Over the past 5 years the exports of Malaysia to Spain have increased at an annualized rate of 10.4%,  from $1.08B in 2018 to $1.76B in 2023.

In 2023, Malaysia did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €56.6M and imported €115M from Malaysia, resulting in a negative trade balance of €58.5M. Between November 2023 and November 2024 the exports of Spain have increased by €544k (0.97%) from €56.1M to €56.6M, while imports decreased by €-32.2M (-21.8%) from €147M to €115M.

Trade In November 2024, the top exports of Spain to Malaysia were Pig Meat (€4.4M), Packaged Medicaments (€2.27M), Scrap Aluminium (€2.21M), Scrap Waste (€1.89M), and Scrap Plastic (€1.88M). In November 2024 the top imports of Spain from Malaysia were Raw Aluminium (€15.4M), Biodiesel and mixtures thereof (€15.3M), Refined Petroleum (€14.5M), Palm Oil (€11.1M), and Air Conditioners (€5.83M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€11.8M), Asturias (€7.53M), Madrid (€4.44M), Valencia (€3.77M), and Girona (€3.19M), while imports destinations were mainly Madrid (€32.1M), Barcelona (€31.4M), Valencia (€9.41M), Vizcaya (€8.68M), and Tarragona (€7.17M).

Growth In November 2024, the increase in Spain's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Pig Meat (€3.16M or 255%), Audio Alarms (€1.82M or 1.11M%), and Scrap Waste (€1.19M or 170%). In November 2024, the decrease in Spain's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Large Flat-Rolled Stainless Steel (€-15M or -96%), Rubber Apparel (€-5.93M or -60.7%), and Video and Card Games (€-3.26M or -40.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€544k(0.97%)
IMPORT GROWTH (November 2023 - November 2024)€-32.2M(-21.8%)
MAIN EXPORTER (November 2024)Barcelona€11.8M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Malaysia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $683M to Malaysia. The main products exported from Spain to Malaysia were Pig Meat ($90.4M), Packaged Medicaments ($68.3M), and Raw Zinc ($42.9M). During the last 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 1.61%, from $740M in 2018 to $683M in 2023.

In 2018, Malaysia exported $1.76B to Spain. The main products exported from Malaysia to Spain were Raw Aluminium ($128M), Industrial Fatty Acids, Oils and Alcohols ($123M), and Inedible Fats and Oils ($102M). During the last 5 years the exports of Malaysia to Spain have increased at an annualized rate of 10.4%, from $1.08B in 2023 to $1.76B in 2018.

Exports from Spain (Flag) to Malaysia (Flag) (2023)

Exports from Malaysia (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Malaysia
Top DestinationChina$79.8B

This map shows whether countries import more from Spain or Malaysia. Each country is colored based on the difference in imports they receive from Spain and Malaysia or the difference in the growth in imports.

In 2023, countries that imported more from Spain than Malaysia included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Malaysia than Spain included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

Difference in imports from Malaysia (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Malaysia

Flow
Scale

This chart compares trade between Spain and Malaysia by product, considering products traded by both, Spain and Malaysia.

During 2023, Spain had a large net trade with Malaysia in the exports of Chemical Products ($131M), Metals ($121M), and Animal Products ($97.7M).

During 2018, Malaysia had a large net trade with Spain in the exports of Machines ($577M), Animal and Vegetable Bi-Products ($270M), and Metals ($266M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Malaysia+$27.8MPackaged Medicaments
Top Product Potential Malaysia Spain+$115MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Malaysia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Malaysia (Flag) (2023)

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