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2022
Flag → Flag
Exports $469MRnk 50 / 218
2022
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Top Product $99.3MPalm Oil
2022
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Exports $2BRnk 15 / 210
2022
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Top Product $1.65BIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 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$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Malaysia-Ireland Trade: In 2022, Malaysia exported $469M to Ireland. The main products that Malaysia exported to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). Over the past 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%, from $255M in 2017 to $469M in 2022.

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

Ireland-Malaysia Trade: In 2022, Ireland exported $2B to Malaysia. The main products that Ireland exported to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). Over the past 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 9.38%,  from $571M in 2017 to $2B in 2022.

In 2020, Ireland exported services to Malaysia worth $585M, with Other business services ($525M), Travel ($44.5M), and Financial services ($11.4M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR150M and imported MYR1.69B from Ireland, resulting in a negative trade balance of MYR1.54B. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR90.3M (151%) from MYR59.9M to MYR150M, while imports increased by MYR234M (16.1%) from MYR1.45B to MYR1.69B.

Trade In August 2024, the top exports of Malaysia to Ireland were Industrial Printers (MYR7.11M), Aircraft Launch Gear (MYR6.85M), Telephones (MYR5.1M), Rubber Apparel (MYR4.96M), and Medical Instruments (MYR4.77M). In August 2024 the top imports of Malaysia from Ireland were Integrated Circuits (MYR599M), Vaccines, blood, antisera, toxins and cultures (MYR29.2M), Packaged Medicaments (MYR19.1M), Medical Instruments (MYR8.62M), and Special Pharmaceuticals (MYR8.48M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Ireland was explained primarily by an increase in product exports in Processed Fish (MYR639k or 650%), Excavation Machinery (MYR280k or 1.47k%), and Processed Crustaceans (MYR82.8k or 28.1%). In August 2024, the increase in Malaysia's year-by-year imports  from Ireland was explained primarily by an increase in product imports  in Vaccines, blood, antisera, toxins and cultures (MYR12.7M or 77.3%), Special Pharmaceuticals (MYR7.68M or 953%), and Jewellery (MYR3.81M or 191%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR90.3M(151%)
IMPORT GROWTH (August 2023 - August 2024)MYR234M(16.1%)

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 Ireland and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ireland and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $469M to Ireland. The main products exported from Malaysia to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). During the last 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%, from $255M in 2017 to $469M in 2022.

In 2017, Ireland exported $2B to Malaysia. The main products exported from Ireland to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). During the last 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 9.38%, from $571M in 2022 to $2B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Malaysia than Ireland included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

In 2022, countries that imported more from Ireland than Malaysia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Malaysia - Ireland

Flow
Scale

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

During 2022, Malaysia had a large net trade with Ireland in the exports of Machines ($260M), Animal and Vegetable Bi-Products ($103M), and Plastics and Rubbers ($29.9M).

During 2017, Ireland had a large net trade with Malaysia in the exports of Machines ($1.71B), Chemical Products ($118M), and Animal Products ($53.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Ireland+$88MIntegrated Circuits
Top Product Potential Ireland Malaysia+$26.9MPackaged 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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Bilateral Service Trade

In 2020, Ireland exported services to Malaysia worth $585M, with Other business services ($525M), Travel ($44.5M), and Financial services ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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