NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $99.3MRnk 92 / 221
2023
Flag → Flag
Top Product $32.2MRefined Petroleum
2023
Flag → Flag
Exports $339MRnk 17 / 174
2023
Flag → Flag
Top Product $302MCocoa Beans
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Malaysia-Ecuador Trade: In 2023, Malaysia exported $99.3M to Ecuador. The main products that Malaysia exported to Ecuador were Refined Petroleum ($32.2M), Nitrogenous Fertilizers ($8.65M), and Float Glass ($4.06M). Over the past 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 7.44%, from $69.4M in 2018 to $99.3M in 2023.

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

Ecuador-Malaysia Trade: In 2023, Ecuador exported $339M to Malaysia. The main products that Ecuador exported to Malaysia were Cocoa Beans ($302M), Crustaceans ($20.6M), and Scrap Aluminium ($3.72M). Over the past 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 21%,  from $131M in 2018 to $339M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR13.6M and imported MYR160M from Ecuador, resulting in a negative trade balance of MYR146M. Between December 2023 and December 2024 the exports of Malaysia have increased by MYR2.9M (27.1%) from MYR10.7M to MYR13.6M, while imports decreased by MYR-127M (-44.3%) from MYR287M to MYR160M.

Trade In December 2024, the top exports of Malaysia to Ecuador were Float Glass (MYR3.17M), Medical Instruments (MYR963k), Other Knit Garments (MYR579k), Rubber Apparel (MYR474k), and Glass Mirrors (MYR300k). In December 2024 the top imports of Malaysia from Ecuador were Cocoa Beans (MYR205M), Crustaceans (MYR5.87M), Palm Oil (MYR1.43M), Precious Metal Ore (MYR1.28M), and Copper Powder (MYR645k).

Growth In December 2024, the increase in Malaysia's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Float Glass (MYR2.12M or 203%), Cleaning Products (MYR81.9k or 74.6%), and Motor vehicles; parts and accessories (8701... (MYR61.7k or 44.8%). In December 2024, the decrease in Malaysia's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Scrap Aluminium (MYR-1.79M or -92.2%), Other Fruits (MYR-315k or -83.2%), and Aluminium Powder (MYR-201k or -90.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR2.9M(27.1%)
IMPORT GROWTH (December 2023 - December 2024)MYR-127M(-44.3%)

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 Ecuador and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $99.3M to Ecuador. The main products exported from Malaysia to Ecuador were Refined Petroleum ($32.2M), Nitrogenous Fertilizers ($8.65M), and Float Glass ($4.06M). During the last 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 7.44%, from $69.4M in 2018 to $99.3M in 2023.

In 2018, Ecuador exported $339M to Malaysia. The main products exported from Ecuador to Malaysia were Cocoa Beans ($302M), Crustaceans ($20.6M), and Scrap Aluminium ($3.72M). During the last 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 21%, from $131M in 2023 to $339M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Malaysia included Panama ($4.38B), Chile ($1.11B), and Peru ($1.15B).

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

Comparative Advantage Malaysia - Ecuador

Flow
Scale

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

During 2023, Malaysia had a large net trade with Ecuador in the exports of Mineral Products ($32.8M), Machines ($22M), and Chemical Products ($12.3M).

During 2018, Ecuador had a large net trade with Malaysia in the exports of Foodstuffs ($304M), Animal Products ($20.7M), and Metals ($6.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Ecuador+$3.33MPalm Oil
Top Product Potential Ecuador Malaysia+$11.4MCrustaceans

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms