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2023
Flag → Flag
Exports $14.2BRnk 6 / 213
2023
Flag → Flag
Top Product $2.98BCoal Briquettes
2023
Flag → Flag
Exports $10.9BRnk 12 / 221
2023
Flag → Flag
Top Product $4.56BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Indonesia-Malaysia Trade: In 2023, Indonesia exported $14.2B to Malaysia. The main products that Indonesia exported to Malaysia were Coal Briquettes ($2.98B), Refined Petroleum ($1.78B), and Stearic Acid ($875M). Over the past 5 years the exports of Indonesia to Malaysia have increased at an annualized rate of 5.3%, from $11B in 2018 to $14.2B in 2023.

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

Malaysia-Indonesia Trade: In 2023, Malaysia exported $10.9B to Indonesia. The main products that Malaysia exported to Indonesia were Refined Petroleum ($4.56B), Machinery Having Individual Functions ($368M), and Ethylene Polymers ($334M). Over the past 5 years the exports of Malaysia to Indonesia have increased at an annualized rate of 4.37%,  from $8.79B in 2018 to $10.9B in 2023.

In 2010, Malaysia exported services to Indonesia worth $1.83B, with Travel ($1.58B), Other business services ($119M), and Transportation ($92.5M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $14.2B to Malaysia. The main products exported from Indonesia to Malaysia were Coal Briquettes ($2.98B), Refined Petroleum ($1.78B), and Stearic Acid ($875M). During the last 5 years the exports of Indonesia to Malaysia have increased at an annualized rate of 5.3%, from $11B in 2018 to $14.2B in 2023.

In 2018, Malaysia exported $10.9B to Indonesia. The main products exported from Malaysia to Indonesia were Refined Petroleum ($4.56B), Machinery Having Individual Functions ($368M), and Ethylene Polymers ($334M). During the last 5 years the exports of Malaysia to Indonesia have increased at an annualized rate of 4.37%, from $8.79B in 2023 to $10.9B in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Malaysia (Flag)

Indonesia Exports

Malaysia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Indonesia than Malaysia included India ($24B), Philippines ($11.4B), and Japan ($23.7B).

In 2023, countries that imported more from Malaysia than Indonesia included Singapore ($47.3B), United States ($44.9B), and Hong Kong ($19.3B).

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

Comparative Advantage Indonesia - Malaysia

Flow
Scale

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

During 2023, Indonesia had a large net trade with Malaysia in the exports of Mineral Products ($5.23B), Animal and Vegetable Bi-Products ($2.33B), and Metals ($1.33B).

During 2018, Malaysia had a large net trade with Indonesia in the exports of Mineral Products ($5B), Machines ($1.76B), and Chemical Products ($998M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Malaysia+$473MCoal Briquettes
Top Product Potential Malaysia Indonesia+$700MRefined 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 Indonesia and Malaysia. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Indonesia.

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

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