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2022
Flag → Flag
Exports $2.25BRnk 22 / 218
2022
Flag → Flag
Top Product $248MIntegrated Circuits
2022
Flag → Flag
Exports $1.23BRnk 25 / 215
2022
Flag → Flag
Top Product $481MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Malaysia-Canada Trade: In 2022, Malaysia exported $2.25B to Canada. The main products that Malaysia exported to Canada were Integrated Circuits ($248M), Broadcasting Equipment ($191M), and Semiconductor Devices ($136M). Over the past 5 years the exports of Malaysia to Canada have increased at an annualized rate of 10.9%, from $1.34B in 2017 to $2.25B in 2022.

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

Canada-Malaysia Trade: In 2022, Canada exported $1.23B to Malaysia. The main products that Canada exported to Malaysia were Potassic Fertilizers ($481M), Wheat ($102M), and Self-Propelled Rail Transport ($59.6M). Over the past 5 years the exports of Canada to Malaysia have increased at an annualized rate of 15%,  from $612M in 2017 to $1.23B in 2022.

In 2020, Canada exported services to Malaysia worth $132M, with Royalties and license fees ($65.6M), Travel ($32.1M), and Transportation ($12.7M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

July, 2024

About

Overview In July 2024, Malaysia exported MYR742M and imported MYR475M from Canada, resulting in a positive trade balance of MYR267M. Between July 2023 and July 2024 the exports of Malaysia have increased by MYR399M (117%) from MYR342M to MYR742M, while imports increased by MYR104M (28%) from MYR371M to MYR475M.

Trade In July 2024, the top exports of Malaysia to Canada were Refined Petroleum (MYR90M), Electric Heaters (MYR20.2M), Rubber Apparel (MYR16.2M), Rubber Tires (MYR15.4M), and Industrial Fatty Acids, Oils and Alcohols (MYR14.3M). In July 2024 the top imports of Malaysia from Canada were Potassic Fertilizers (MYR121M), Wheat (MYR94M), Integrated Circuits (MYR25.7M), Soybeans (MYR21.6M), and Self-Propelled Rail Transport (MYR15.8M).

Growth In July 2024, the increase in Malaysia's year-by-year exports to Canada was explained primarily by an increase in product exports in Electric Heaters (MYR11.4M or 130%), Rubber Tires (MYR9.26M or 150%), and Industrial Fatty Acids, Oils and Alcohols (MYR8.01M or 127%). In July 2024, the increase in Malaysia's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Wheat (MYR69.4M or 281%), Integrated Circuits (MYR17.8M or 227%), and Soybeans (MYR10M or 86.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)MYR399M(117%)
IMPORT GROWTH (July 2023 - July 2024)MYR104M(28%)

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 Canada and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $2.25B to Canada. The main products exported from Malaysia to Canada were Integrated Circuits ($248M), Broadcasting Equipment ($191M), and Semiconductor Devices ($136M). During the last 5 years the exports of Malaysia to Canada have increased at an annualized rate of 10.9%, from $1.34B in 2017 to $2.25B in 2022.

In 2017, Canada exported $1.23B to Malaysia. The main products exported from Canada to Malaysia were Potassic Fertilizers ($481M), Wheat ($102M), and Self-Propelled Rail Transport ($59.6M). During the last 5 years the exports of Canada to Malaysia have increased at an annualized rate of 15%, from $612M in 2022 to $1.23B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Malaysia included United States ($438B), United Kingdom ($12.9B), and Norway ($3.19B).

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

Comparative Advantage Malaysia - Canada

Flow
Scale

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

During 2022, Malaysia had a large net trade with Canada in the exports of Machines ($1.25B), Instruments ($183M), and Plastics and Rubbers ($174M).

During 2017, Canada had a large net trade with Malaysia in the exports of Chemical Products ($523M), Vegetable Products ($153M), and Metals ($153M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Canada+$136MIntegrated Circuits
Top Product Potential Canada Malaysia+$36.1MCoal Briquettes

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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Bilateral Service Trade

In 2020, Canada exported services to Malaysia worth $132M, with Royalties and license fees ($65.6M), Travel ($32.1M), and Transportation ($12.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Malaysia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Canada. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Malaysia.

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

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