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2023
Flag → Flag
Exports $3.31BRnk 13 / 211
2023
Flag → Flag
Top Product $2.88BIntegrated Circuits
2023
Flag → Flag
Exports $643MRnk 40 / 221
2023
Flag → Flag
Top Product $96.9MMachinery Having Individual Functions
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 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 $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 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

Ireland-Malaysia Trade: In 2023, Ireland exported $3.31B to Malaysia. The main products that Ireland exported to Malaysia were Integrated Circuits ($2.88B), Packaged Medicaments ($91.3M), and Vaccines, blood, antisera, toxins and cultures ($65.2M). Over the past 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 24.3%, from $1.11B in 2018 to $3.31B in 2023.

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 2023, Malaysia exported $643M to Ireland. The main products that Malaysia exported to Ireland were Machinery Having Individual Functions ($96.9M), Integrated Circuits ($79.2M), and Palm Oil ($78.8M). Over the past 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 4.43%,  from $475M in 2018 to $643M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported €200M and imported €77.9M from Malaysia, resulting in a positive trade balance of €122M. Between November 2023 and November 2024 the exports of Ireland have increased by €13.8M (7.41%) from €186M to €200M, while imports increased by €34.8M (80.7%) from €43.1M to €77.9M.

Trade In November 2024, the top exports of Ireland to Malaysia were Electrical machinery, appliances etc., n.e.s. (€96.6M), Medicinal and pharmaceutical products (€3.53M), Dairy products and birds eggs (€2.36M), Miscellaneous manufactured articles, n.e.s. (€1.78M), and Professional, scientific and controlling apparatus (€1.46M). In November 2024 the top imports of Ireland from Malaysia were Machinery specialised for particular industries (€20.6M), Telecommunications and sound recording, reproducing equipment (€10.6M), Electrical machinery, appliances etc., n.e.s. (€9.67M), Fixed vegetable oils and fats (€5.81M), and Office machines and automatic data processing... (€4.48M).

Growth In November 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 November 2024, the increase in Ireland's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Machinery specialised for particular industries (€20.1M or 4.41k%), Telecommunications and sound recording, reproducing equipment (€7.09M or 201%), and Office machines and automatic data processing... (€1.18M or 35.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€13.8M(7.41%)
IMPORT GROWTH (November 2023 - November 2024)€34.8M(80.7%)

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 2023, Ireland exported $3.31B to Malaysia. The main products exported from Ireland to Malaysia were Integrated Circuits ($2.88B), Packaged Medicaments ($91.3M), and Vaccines, blood, antisera, toxins and cultures ($65.2M). During the last 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 24.3%, from $1.11B in 2018 to $3.31B in 2023.

In 2018, Malaysia exported $643M to Ireland. The main products exported from Malaysia to Ireland were Machinery Having Individual Functions ($96.9M), Integrated Circuits ($79.2M), and Palm Oil ($78.8M). During the last 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 4.43%, from $475M in 2023 to $643M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Ireland than Malaysia included United States ($67.4B), Belgium ($18.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Malaysia than Ireland included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

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

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 2023, Ireland had a large net trade with Malaysia in the exports of Machines ($2.94B), Chemical Products ($187M), and Instruments ($66.2M).

During 2018, Malaysia had a large net trade with Ireland in the exports of Machines ($384M), Animal and Vegetable Bi-Products ($80.8M), and Transportation ($60.1M).

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) (2023)

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