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2022
Flag → Flag
Exports $23.6MRnk 137 / 218
2022
Flag → Flag
Top Product $4.14MOther Domestic Electric Housewares
2022
Flag → Flag
Exports $3.34MRnk 43 / 129
2022
Flag → Flag
Top Product $3.11MPrecious Metal Ore
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
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$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 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
2022
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GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Malaysia-Armenia Trade: In 2022, Malaysia exported $23.6M to Armenia. The main products that Malaysia exported to Armenia were Other Domestic Electric Housewares ($4.14M), Electric Heaters ($3.54M), and Integrated Circuits ($2.54M). Over the past 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 13.9%, from $12.3M in 2017 to $23.6M in 2022.

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

Armenia-Malaysia Trade: In 2022, Armenia exported $3.34M to Malaysia. The main products that Armenia exported to Malaysia were Precious Metal Ore ($3.11M), Integrated Circuits ($104k), and Non-Knit Men's Coats ($26.2k). Over the past 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 116%,  from $70.4k in 2017 to $3.34M in 2022.

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

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR1.45M and imported MYR19.8M from Armenia, resulting in a negative trade balance of MYR18.3M. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR804k (124%) from MYR650k to MYR1.45M, while imports increased by MYR19.7M (44.9k%) from MYR43.9k to MYR19.8M.

Trade In September 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 September 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 September 2024, the increase in Malaysia's year-by-year exports to Armenia was explained primarily by an increase in product exports in . In September 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 (September 2023 - September 2024)MYR804k(124%)
IMPORT GROWTH (September 2023 - September 2024)MYR19.7M(44.9k%)

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 2022, Malaysia exported $23.6M to Armenia. The main products exported from Malaysia to Armenia were Other Domestic Electric Housewares ($4.14M), Electric Heaters ($3.54M), and Integrated Circuits ($2.54M). During the last 5 years the exports of Malaysia to Armenia have increased at an annualized rate of 13.9%, from $12.3M in 2017 to $23.6M in 2022.

In 2017, Armenia exported $3.34M to Malaysia. The main products exported from Armenia to Malaysia were Precious Metal Ore ($3.11M), Integrated Circuits ($104k), and Non-Knit Men's Coats ($26.2k). During the last 5 years the exports of Armenia to Malaysia have increased at an annualized rate of 116%, from $70.4k in 2022 to $3.34M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from Malaysia than Armenia included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Armenia than Malaysia included Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

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

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 2022, Malaysia had a large net trade with Armenia in the exports of Machines ($15.5M), Instruments ($2.65M), and Plastics and Rubbers ($1.24M).

During 2017, Armenia had a large net trade with Malaysia in the exports of Mineral Products ($3.11M), Machines ($162k), and Textiles ($51.7k).

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) (2022)

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