2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186

About

Italy-Malaysia Trade: In 2022, Italy exported $1.57B to Malaysia. The main products that Italy exported to Malaysia were Integrated Circuits ($255M), Jewellery ($96M), and Packaged Medicaments ($67.9M). Over the past 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.14%, from $1.56B in 2017 to $1.57B in 2022.

In 2020, Italy exported services to Malaysia worth $64.6M, with Other business services ($19.2M), Computer and information services ($17.9M), and Communications services ($9.37M) being the largest in terms of value.

Malaysia-Italy Trade: In 2022, Malaysia exported $1.99B to Italy. The main products that Malaysia exported to Italy were Palm Oil ($378M), Raw Aluminium ($179M), and Refined Petroleum ($171M). Over the past 5 years the exports of Malaysia to Italy have increased at an annualized rate of 12.4%,  from $1.11B in 2017 to $1.99B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.57B to Malaysia. The main products exported from Italy to Malaysia were Integrated Circuits ($255M), Jewellery ($96M), and Packaged Medicaments ($67.9M). During the last 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.14%, from $1.56B in 2017 to $1.57B in 2022.

In 2017, Malaysia exported $1.99B to Italy. The main products exported from Malaysia to Italy were Palm Oil ($378M), Raw Aluminium ($179M), and Refined Petroleum ($171M). During the last 5 years the exports of Malaysia to Italy have increased at an annualized rate of 12.4%, from $1.11B in 2022 to $1.99B in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Malaysia
Top Destination
Singapore$53.8B

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

In 2022, countries that imported more from Italy than Malaysia included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

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

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

Comparative Advantage Italy - Malaysia

Flow
Scale

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

During 2022, Italy had a large net trade with Malaysia in the exports of Machines ($709M), Chemical Products ($200M), and Transportation ($112M).

During 2017, Malaysia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($566M), Machines ($385M), and Metals ($378M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Malaysia+$47.6MPackaged Medicaments
Top Product Potential Malaysia Italy+$177MRefined 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 Italy and Malaysia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Italy.

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

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