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2023
Flag → Flag
Exports $1.59BRnk 58 / 219
2023
Flag → Flag
Top Product $134MIntegrated Circuits
2023
Flag → Flag
Exports $1.66BRnk 27 / 221
2023
Flag → Flag
Top Product $460MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Italy-Malaysia Trade: In 2023, Italy exported $1.59B to Malaysia. The main products that Italy exported to Malaysia were Integrated Circuits ($134M), Jewellery ($89.3M), and Packaged Medicaments ($86M). Over the past 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.81%, from $1.53B in 2018 to $1.59B in 2023.

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 2023, Malaysia exported $1.66B to Italy. The main products that Malaysia exported to Italy were Palm Oil ($460M), Stearic Acid ($157M), and Air Conditioners ($110M). Over the past 5 years the exports of Malaysia to Italy have increased at an annualized rate of 3.6%,  from $1.39B in 2018 to $1.66B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €99.5M and imported €111M from Malaysia, resulting in a negative trade balance of €11M. Between October 2023 and October 2024 the exports of Italy have increased by €25.5M (34.4%) from €74M to €99.5M, while imports decreased by €-22.8M (-17.1%) from €133M to €111M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€25.5M(34.4%)
IMPORT GROWTH (October 2023 - October 2024)€-22.8M(-17.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Malaysia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.59B to Malaysia. The main products exported from Italy to Malaysia were Integrated Circuits ($134M), Jewellery ($89.3M), and Packaged Medicaments ($86M). During the last 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.81%, from $1.53B in 2018 to $1.59B in 2023.

In 2018, Malaysia exported $1.66B to Italy. The main products exported from Malaysia to Italy were Palm Oil ($460M), Stearic Acid ($157M), and Air Conditioners ($110M). During the last 5 years the exports of Malaysia to Italy have increased at an annualized rate of 3.6%, from $1.39B in 2023 to $1.66B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Italy than Malaysia included Germany ($71.4B), France ($61.1B), and Spain ($30.1B).

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

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

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 2023, Italy had a large net trade with Malaysia in the exports of Machines ($589M), Chemical Products ($207M), and Transportation ($135M).

During 2018, Malaysia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($640M), Machines ($455M), and Metals ($217M).

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) (2023)

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