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Pricing

2022
Flag → Flag
Exports $2BRnk 15 / 210
2022
Flag → Flag
Top Product $1.65BIntegrated Circuits
2022
Flag → Flag
Exports $469MRnk 50 / 218
2022
Flag → Flag
Top Product $99.3MPalm Oil
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Ireland-Malaysia Trade: In 2022, Ireland exported $2B to Malaysia. The main products that Ireland exported to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). Over the past 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 28.5%, from $571M in 2017 to $2B in 2022.

In 2020, Ireland exported services to Malaysia worth $585M, with Other business services ($525M), Travel ($44.5M), and Financial services ($11.4M) being the largest in terms of value.

Malaysia-Ireland Trade: In 2022, Malaysia exported $469M to Ireland. The main products that Malaysia exported to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). Over the past 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%,  from $255M in 2017 to $469M in 2022.

In 2022, Malaysia did not export any services to Ireland.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €183M and imported €50.5M from Malaysia, resulting in a positive trade balance of €132M. Between August 2023 and August 2024 the exports of Ireland have increased by €79.9M (77.8%) from €103M to €183M, while imports decreased by €-2.77M (-5.2%) from €53.3M to €50.5M.

Growth In August 2024, the increase in Ireland's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Electrical machinery, appliances etc., n.e.s. (€90.5M or 1.47k%), Miscellaneous manufactured articles, n.e.s. (€801k or 82.2%), and Professional, scientific and controlling apparatus (€660k or 82.1%). In August 2024, the decrease in Ireland's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Articles of apparel and clothing accessories (€-2.42M or -61.2%), Fixed vegetable oils and fats (€-675k or -10.4%), and Cork and wood manufactures, excluding furniture (€-661k or -87.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€79.9M(77.8%)
IMPORT GROWTH (August 2023 - August 2024)€-2.77M(-5.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Malaysia and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $2B to Malaysia. The main products exported from Ireland to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). During the last 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 28.5%, from $571M in 2017 to $2B in 2022.

In 2017, Malaysia exported $469M to Ireland. The main products exported from Malaysia to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). During the last 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%, from $255M in 2022 to $469M in 2017.

Exports from Ireland (Flag) to Malaysia (Flag) (2022)

Exports from Malaysia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Ireland than Malaysia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Malaysia than Ireland included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

Difference in imports from Malaysia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Malaysia

Flow
Scale

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

During 2022, Ireland had a large net trade with Malaysia in the exports of Machines ($1.71B), Chemical Products ($118M), and Animal Products ($53.3M).

During 2017, Malaysia had a large net trade with Ireland in the exports of Machines ($260M), Animal and Vegetable Bi-Products ($103M), and Plastics and Rubbers ($29.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Malaysia+$26.9MPackaged Medicaments
Top Product Potential Malaysia Ireland+$88MIntegrated Circuits

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 Ireland and Malaysia. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Malaysia (Flag) (2022)

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