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2022
Flag → Flag
Exports $8.32BRnk 11 / 218
2022
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Top Product $3.65BRefined Petroleum
2022
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Exports $5.12BRnk 10 / 213
2022
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Top Product $1.98BCoal Briquettes
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
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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$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH8.3%CURRENT US$
Rnk 148 / 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$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Malaysia-Australia Trade: In 2022, Malaysia exported $8.32B to Australia. The main products that Malaysia exported to Australia were Refined Petroleum ($3.65B), Crude Petroleum ($2.22B), and Computers ($435M). Over the past 5 years the exports of Malaysia to Australia have increased at an annualized rate of 46.6%, from $1.23B in 2017 to $8.32B in 2022.

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

Australia-Malaysia Trade: In 2022, Australia exported $5.12B to Malaysia. The main products that Australia exported to Malaysia were Coal Briquettes ($1.98B), Petroleum Gas ($1.16B), and Refined Copper ($831M). Over the past 5 years the exports of Australia to Malaysia have increased at an annualized rate of 20.6%,  from $2.01B in 2017 to $5.12B in 2022.

In 2009, Australia exported services to Malaysia worth $1.24B, with Travel ($997M), Other business services ($97.4M), and Transportation ($73.6M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

April, 2024

About

Overview In April 2024, Malaysia exported MYR3.48B and imported MYR2.79B from Australia, resulting in a positive trade balance of MYR693M. Between April 2023 and April 2024 the exports of Malaysia have decreased by MYR-891M (-20.4%) from MYR4.37B to MYR3.48B, while imports increased by MYR573M (25.9%) from MYR2.21B to MYR2.79B.

Trade In April 2024, the top exports of Malaysia to Australia were Refined Petroleum (MYR1.4B), Crude Petroleum (MYR503M), Computers (MYR134M), Other Large Iron Pipes (MYR80.3M), and Pesticides (MYR48.7M). In April 2024 the top imports of Malaysia from Australia were Coal Briquettes (MYR633M), Crude Petroleum (MYR627M), Petroleum Gas (MYR452M), Refined Copper (MYR427M), and Raw Aluminium (MYR215M).

Growth In April 2024, the decrease in Malaysia's year-by-year exports to Australia was explained primarily by an decrease in product exports in Nitrogenous Fertilizers (MYR-91.3M or -81.3%), Crude Petroleum (MYR-86.3M or -14.6%), and Video Displays (MYR-47.5M or -81.3%). In April 2024, the increase in Malaysia's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Crude Petroleum (MYR583M or 1.32k%), Refined Copper (MYR252M or 143%), and Coal Briquettes (MYR198M or 45.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (April 2023 - April 2024)MYR-891M(-20.4%)
IMPORT GROWTH (April 2023 - April 2024)MYR573M(25.9%)

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 Australia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $8.32B to Australia. The main products exported from Malaysia to Australia were Refined Petroleum ($3.65B), Crude Petroleum ($2.22B), and Computers ($435M). During the last 5 years the exports of Malaysia to Australia have increased at an annualized rate of 46.6%, from $1.23B in 2017 to $8.32B in 2022.

In 2017, Australia exported $5.12B to Malaysia. The main products exported from Australia to Malaysia were Coal Briquettes ($1.98B), Petroleum Gas ($1.16B), and Refined Copper ($831M). During the last 22 years the exports of Australia to Malaysia have increased at an annualized rate of 20.6%, from $2.01B in 1995 to $5.12B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Malaysia than Australia included Singapore ($53.8B), United States ($44.2B), and Hong Kong ($21.7B).

In 2022, countries that imported more from Australia than Malaysia included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Malaysia - Australia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Australia in the exports of Mineral Products ($6.02B), Machines ($2.08B), and Plastics and Rubbers ($668M).

During 2017, Australia had a large net trade with Malaysia in the exports of Mineral Products ($3.91B), Metals ($1.23B), and Chemical Products ($581M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Australia+$76.6MTelephones
Top Product Potential Australia Malaysia+$112MIron Ore

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 Australia. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Malaysia.

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

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