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2023
Flag → Flag
Exports $35MRnk 126 / 221
2023
Flag → Flag
Top Product $16.4MElectric Heaters
2023
Flag → Flag
Exports $16.8MRnk 31 / 133
2023
Flag → Flag
Top Product $16.7MPrecious Metal Ore
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
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GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
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GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Malaysia-Armenia Trade: In 2023, Malaysia exported $35M to Armenia. The main products that Malaysia exported to Armenia were Electric Heaters ($16.4M), Broadcasting Equipment ($2.08M), and Integrated Circuits ($1.48M). Over the past 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 18.7%, from $14.9M in 2018 to $35M in 2023.

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

Armenia-Malaysia Trade: In 2023, Armenia exported $16.8M to Malaysia. The main products that Armenia exported to Malaysia were Precious Metal Ore ($16.7M), Non-Knit Men's Coats ($28.4k), and Non-Knit Women's Coats ($24.4k). Over the past 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 232%,  from $41.5k in 2018 to $16.8M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR650k and imported MYR354k from Armenia, resulting in a positive trade balance of MYR295k. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-1.22M (-65.2%) from MYR1.87M to MYR650k, while imports increased by MYR332k (1.46k%) from MYR22.7k to MYR354k.

Trade In November 2024, the top exports of Malaysia to Armenia were Cocoa Powder (MYR224k), Telephones (MYR57.8k), Office Machine Parts (MYR44.6k), Other Electrical Machinery (MYR17k), and Signaling Glassware (MYR15.3k). In November 2024 the top imports of Malaysia from Armenia were Styrene Polymers (MYR53.8k), Non-Knit Men's Suits (MYR16.7k), Non-Knit Women's Coats (MYR12.5k), Non-Knit Women's Suits (MYR10.2k), and Non-Knit Men's Coats (MYR6.32k).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Computers (MYR-53.5k or -97.2%) and Commodities not elsewhere specified (MYR-1.29k or -83.8%). In November 2024, the increase in Malaysia's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-1.22M(-65.2%)
IMPORT GROWTH (November 2023 - November 2024)MYR332k(1.46k%)

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $35M to Armenia. The main products exported from Malaysia to Armenia were Electric Heaters ($16.4M), Broadcasting Equipment ($2.08M), and Integrated Circuits ($1.48M). During the last 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 18.7%, from $14.9M in 2018 to $35M in 2023.

In 2018, Armenia exported $16.8M to Malaysia. The main products exported from Armenia to Malaysia were Precious Metal Ore ($16.7M), Non-Knit Men's Coats ($28.4k), and Non-Knit Women's Coats ($24.4k). During the last 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 232%, from $41.5k in 2023 to $16.8M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Malaysia than Armenia included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

In 2023, countries that imported more from Armenia than Malaysia included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

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

Comparative Advantage Malaysia - Armenia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Armenia in the exports of Machines ($25.6M), Instruments ($2.54M), and Miscellaneous ($1.8M).

During 2018, Armenia had a large net trade with Malaysia in the exports of Mineral Products ($16.7M), Textiles ($81.6k), and Foodstuffs ($19.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Armenia+$2.89MIntegrated Circuits
Top Product Potential Armenia Malaysia+$386kIntegrated 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 Malaysia and Armenia. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Malaysia.

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

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