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Pricing

2022
Flag → Flag
Exports $1.78BRnk 26 / 218
2022
Flag → Flag
Top Product $148MPalm Oil
2022
Flag → Flag
Exports $575MRnk 63 / 218
2022
Flag → Flag
Top Product $48.2MPig Meat
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 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$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Malaysia-Spain Trade: In 2022, Malaysia exported $1.78B to Spain. The main products that Malaysia exported to Spain were Palm Oil ($148M), Refined Petroleum ($109M), and Industrial Fatty Acids, Oils and Alcohols ($105M). Over the past 5 years the exports of Malaysia to Spain have increased at an annualized rate of 18%, from $776M in 2017 to $1.78B in 2022.

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

Spain-Malaysia Trade: In 2022, Spain exported $575M to Malaysia. The main products that Spain exported to Malaysia were Pig Meat ($48.2M), Packaged Medicaments ($35.6M), and Scrap Aluminium ($17.5M). Over the past 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 6.07%,  from $787M in 2017 to $575M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR350M and imported MYR242M from Spain, resulting in a positive trade balance of MYR108M. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR99.8M (39.9%) from MYR250M to MYR350M, while imports decreased by MYR-12.7M (-4.98%) from MYR254M to MYR242M.

Trade In September 2024, the top exports of Malaysia to Spain were Biodiesel and mixtures thereof (MYR97.3M), Palm Oil (MYR79.6M), Hot-Rolled Iron Bars (MYR62.6M), Raw Aluminium (MYR49.6M), and Video and Card Games (MYR30.6M). In September 2024 the top imports of Malaysia from Spain were Coal Briquettes (MYR60M), Pig Meat (MYR25.4M), Aluminium Powder (MYR12.2M), Other Edible Preparations (MYR12M), and Packaged Medicaments (MYR10.7M).

Growth In September 2024, the increase in Malaysia's year-by-year exports to Spain was explained primarily by an increase in product exports in Biodiesel and mixtures thereof (MYR59.2M or 155%), Video and Card Games (MYR14.3M or 88.1%), and Industrial Fatty Acids, Oils and Alcohols (MYR12.5M or 145%). In September 2024, the decrease in Malaysia's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Packaged Medicaments (MYR-23.7M or -69%), Large Flat-Rolled Stainless Steel (MYR-12.9M or -81.5%), and Recovered Paper (MYR-10.1M or -75.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR99.8M(39.9%)
IMPORT GROWTH (September 2023 - September 2024)MYR-12.7M(-4.98%)

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 Spain and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $1.78B to Spain. The main products exported from Malaysia to Spain were Palm Oil ($148M), Refined Petroleum ($109M), and Industrial Fatty Acids, Oils and Alcohols ($105M). During the last 5 years the exports of Malaysia to Spain have increased at an annualized rate of 18%, from $776M in 2017 to $1.78B in 2022.

In 2017, Spain exported $575M to Malaysia. The main products exported from Spain to Malaysia were Pig Meat ($48.2M), Packaged Medicaments ($35.6M), and Scrap Aluminium ($17.5M). During the last 5 years the exports of Spain to Malaysia have decreased at an annualized rate of 6.07%, from $787M in 2022 to $575M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Spain
Top DestinationFrance$65.2B

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

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

In 2022, countries that imported more from Spain than Malaysia included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Malaysia - Spain

Flow
Scale

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

During 2022, Malaysia had a large net trade with Spain in the exports of Machines ($438M), Animal and Vegetable Bi-Products ($369M), and Metals ($321M).

During 2017, Spain had a large net trade with Malaysia in the exports of Chemical Products ($97.8M), Metals ($94.6M), and Machines ($89.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Spain+$115MRefined Petroleum
Top Product Potential Spain Malaysia+$27.8MPackaged Medicaments

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

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

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