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2022
Flag → Flag
Exports $72MRnk 105 / 218
2022
Flag → Flag
Top Product $10.7MRubber Apparel
2022
Flag → Flag
Exports $240MRnk 21 / 170
2022
Flag → Flag
Top Product $184MCocoa Beans
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Malaysia-Ecuador Trade: In 2022, Malaysia exported $72M to Ecuador. The main products that Malaysia exported to Ecuador were Rubber Apparel ($10.7M), Palm Oil ($7.13M), and Medical Instruments ($3.18M). Over the past 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 1.35%, from $67.3M in 2017 to $72M in 2022.

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

Ecuador-Malaysia Trade: In 2022, Ecuador exported $240M to Malaysia. The main products that Ecuador exported to Malaysia were Cocoa Beans ($184M), Crustaceans ($32.2M), and Precious Metal Ore ($6.24M). Over the past 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 14.8%,  from $120M in 2017 to $240M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR15M and imported MYR334M from Ecuador, resulting in a negative trade balance of MYR318M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR2.27M (17.8%) from MYR12.8M to MYR15M, while imports increased by MYR270M (425%) from MYR63.5M to MYR334M.

Trade In August 2024, the top exports of Malaysia to Ecuador were Nitrogenous Fertilizers (MYR16.3M), Refrigerators (MYR1.8M), Pharmaceutical Rubber Products (MYR1.09M), Float Glass (MYR1.05M), and Rubber Apparel (MYR906k). In August 2024 the top imports of Malaysia from Ecuador were Cocoa Beans (MYR111M), Crustaceans (MYR5.82M), Scrap Aluminium (MYR1.94M), Precious Metal Ore (MYR1.24M), and Other Fruits (MYR378k).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Pharmaceutical Rubber Products (MYR902k or 485%), Float Glass (MYR713k or 215%), and Iron Pipe Fittings (MYR358k or 517%). In August 2024, the increase in Malaysia's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Cocoa Beans (MYR46.7M or 72.8%), Scrap Aluminium (MYR1.39M or 256%), and Other Fruits (MYR43.8k or 13.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR2.27M(17.8%)
IMPORT GROWTH (August 2023 - August 2024)MYR270M(425%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $72M to Ecuador. The main products exported from Malaysia to Ecuador were Rubber Apparel ($10.7M), Palm Oil ($7.13M), and Medical Instruments ($3.18M). During the last 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 1.35%, from $67.3M in 2017 to $72M in 2022.

In 2017, Ecuador exported $240M to Malaysia. The main products exported from Ecuador to Malaysia were Cocoa Beans ($184M), Crustaceans ($32.2M), and Precious Metal Ore ($6.24M). During the last 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 14.8%, from $120M in 2022 to $240M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Ecuador than Malaysia included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

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

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 2022, Malaysia had a large net trade with Ecuador in the exports of Machines ($21.6M), Plastics and Rubbers ($18.7M), and Animal and Vegetable Bi-Products ($7.82M).

During 2017, Ecuador had a large net trade with Malaysia in the exports of Foodstuffs ($186M), Animal Products ($32.2M), and Metals ($8.03M).

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.

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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) (2022)

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