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2023
Flag → Flag
Exports $79.8BRnk 1 / 221
2023
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Top Product $19BCrude Petroleum
2023
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Exports $65.5BRnk 15 / 208
2023
Flag → Flag
Top Product $7.43BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Malaysia-China Trade: In 2023, Malaysia exported $79.8B to China. The main products that Malaysia exported to China were Crude Petroleum ($19B), Integrated Circuits ($18.5B), and Refined Petroleum ($7.41B). Over the past 5 years the exports of Malaysia to China have increased at an annualized rate of 8.15%, from $53.9B in 2018 to $79.8B in 2023.

In 2010, Malaysia exported services to China worth $1.57B, with Travel ($959M), Transportation ($479M), and Other business services ($94.3M) being the largest in terms of value.

China-Malaysia Trade: In 2023, China exported $65.5B to Malaysia. The main products that China exported to Malaysia were Integrated Circuits ($7.43B), Refined Petroleum ($4.21B), and Broadcasting Equipment ($2.52B). Over the past 5 years the exports of China to Malaysia have increased at an annualized rate of 7.38%,  from $45.9B in 2018 to $65.5B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR15.2B and imported MYR26.1B from China, resulting in a negative trade balance of MYR10.9B. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-2.05B (-11.9%) from MYR17.2B to MYR15.2B, while imports increased by MYR2.33B (9.81%) from MYR23.7B to MYR26.1B.

Trade In November 2024, the top exports of Malaysia to China were Integrated Circuits (MYR5.4B), Petroleum Gas (MYR1.86B), Blank Audio Media (MYR583M), Iron Ore (MYR393M), and Oscilloscopes (MYR349M). In November 2024 the top imports of Malaysia from China were Integrated Circuits (MYR2.94B), Refined Petroleum (MYR2.42B), Printed Circuit Boards (MYR957M), Telephones (MYR802M), and Computers (MYR784M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to China was explained primarily by an decrease in product exports in Refined Petroleum (MYR-499M or -81.2%), Blank Audio Media (MYR-316M or -35.1%), and Palm Oil (MYR-209M or -71%). In November 2024, the increase in Malaysia's year-by-year imports  from China was explained primarily by an increase in product imports  in Refined Petroleum (MYR1.91B or 374%), Printed Circuit Boards (MYR310M or 47.9%), and Industrial Furnaces (MYR158M or 348%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-2.05B(-11.9%)
IMPORT GROWTH (November 2023 - November 2024)MYR2.33B(9.81%)

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 China and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $79.8B to China. The main products exported from Malaysia to China were Crude Petroleum ($19B), Integrated Circuits ($18.5B), and Refined Petroleum ($7.41B). During the last 5 years the exports of Malaysia to China have increased at an annualized rate of 8.15%, from $53.9B in 2018 to $79.8B in 2023.

In 2018, China exported $65.5B to Malaysia. The main products exported from China to Malaysia were Integrated Circuits ($7.43B), Refined Petroleum ($4.21B), and Broadcasting Equipment ($2.52B). During the last 5 years the exports of China to Malaysia have increased at an annualized rate of 7.38%, from $45.9B in 2023 to $65.5B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Malaysia than China included Brunei ($1.96B), Guam ($52.1M), and American Samoa ($19.9M).

In 2023, countries that imported more from China than Malaysia included United States ($436B), Hong Kong ($259B), and Germany ($164B).

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

Comparative Advantage Malaysia - China

Flow
Scale

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

During 2023, Malaysia had a large net trade with China in the exports of Mineral Products ($32.1B), Machines ($30.1B), and Metals ($4.17B).

During 2018, China had a large net trade with Malaysia in the exports of Machines ($29.4B), Metals ($6.45B), and Chemical Products ($4.94B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia China+$3.06BIntegrated Circuits
Top Product Potential China Malaysia+$816MTelephones

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

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

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