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2023
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Exports $137MRnk 85 / 221
2023
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Top Product $17.9MRefined Petroleum
2023
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Exports $350MRnk 35 / 214
2023
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Top Product $209MRefined Petroleum
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 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$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 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$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Malaysia-Greece Trade: In 2023, Malaysia exported $137M to Greece. The main products that Malaysia exported to Greece were Refined Petroleum ($17.9M), Raw Aluminium ($17.8M), and Utility Meters ($15.9M). Over the past 5 years the exports of Malaysia to Greece have increased at an annualized rate of 8.14%, from $92.8M in 2018 to $137M in 2023.

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

Greece-Malaysia Trade: In 2023, Greece exported $350M to Malaysia. The main products that Greece exported to Malaysia were Refined Petroleum ($209M), Other Large Iron Pipes ($85.1M), and Packaged Medicaments ($14.2M). Over the past 5 years the exports of Greece to Malaysia have increased at an annualized rate of 73.9%,  from $22M in 2018 to $350M in 2023.

In 2020, Greece exported services to Malaysia worth $264M, with Transportation ($262M), Travel ($571k), and Computer and information services ($571k) being the largest in terms of value.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR112M and imported MYR93.5M from Greece, resulting in a positive trade balance of MYR19M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR88.4M (367%) from MYR24.1M to MYR112M, while imports increased by MYR73.8M (376%) from MYR19.7M to MYR93.5M.

Trade In November 2024, the top exports of Malaysia to Greece were Air Conditioners (MYR7.99M), Utility Meters (MYR4.88M), Palm Oil (MYR2.52M), Rubber Apparel (MYR2.48M), and Other Furniture (MYR1.39M). In November 2024 the top imports of Malaysia from Greece were Recovered Paper (MYR1.79M), Packaged Medicaments (MYR1.23M), Sawn Wood (MYR1.22M), Special Pharmaceuticals (MYR1.18M), and Centrifuges (MYR1.06M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Greece was explained primarily by an increase in product exports in Palm Oil (MYR1.79M or 245%), Air Conditioners (MYR1.61M or 25.3%), and Other Furniture (MYR559k or 67.4%). In November 2024, the increase in Malaysia's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Recovered Paper (MYR315k or 21.3%), Other Fruits (MYR214k or 92.8%), and Other Processed Fruits and Nuts (MYR188k or 145%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR88.4M(367%)
IMPORT GROWTH (November 2023 - November 2024)MYR73.8M(376%)

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 Greece and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $137M to Greece. The main products exported from Malaysia to Greece were Refined Petroleum ($17.9M), Raw Aluminium ($17.8M), and Utility Meters ($15.9M). During the last 5 years the exports of Malaysia to Greece have increased at an annualized rate of 8.14%, from $92.8M in 2018 to $137M in 2023.

In 2018, Greece exported $350M to Malaysia. The main products exported from Greece to Malaysia were Refined Petroleum ($209M), Other Large Iron Pipes ($85.1M), and Packaged Medicaments ($14.2M). During the last 5 years the exports of Greece to Malaysia have increased at an annualized rate of 73.9%, from $22M in 2023 to $350M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Malaysia included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

Comparative Advantage Malaysia - Greece

Flow
Scale

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

During 2023, Malaysia had a large net trade with Greece in the exports of N/A.

During 2018, Greece had a large net trade with Malaysia in the exports of Mineral Products ($216M), Metals ($90.7M), and Chemical Products ($15.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Greece+$9.99MPalm Oil
Top Product Potential Greece Malaysia+$84.6MRefined Petroleum

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, Greece exported services to Malaysia worth $264M, with Transportation ($262M), Travel ($571k), and Computer and information services ($571k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (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 Greece. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Malaysia.

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

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