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2022
Flag → Flag
Exports $782MRnk 40 / 218
2022
Flag → Flag
Top Product $575MPalm Oil
2022
Flag → Flag
Exports $50.8MRnk 26 / 127
2022
Flag → Flag
Top Product $13.2MMolluscs
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
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$389BCURRENT US$
Rnk 40 / 186
2012-2022
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GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
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GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Malaysia-Iran Trade: In 2022, Malaysia exported $782M to Iran. The main products that Malaysia exported to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). Over the past 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 0.59%, from $806M in 2017 to $782M in 2022.

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

Iran-Malaysia Trade: In 2022, Iran exported $50.8M to Malaysia. The main products that Iran exported to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). Over the past 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 30%,  from $303M in 2017 to $50.8M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR264M and imported MYR11.4M from Iran, resulting in a positive trade balance of MYR252M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR205M (348%) from MYR58.8M to MYR264M, while imports decreased by MYR-1.37M (-10.7%) from MYR12.8M to MYR11.4M.

Trade In August 2024, the top exports of Malaysia to Iran were Palm Oil (MYR202M), Other Vegetable Oils (MYR25.5M), Cocoa Butter (MYR19.6M), Unprocessed Artificial Staple Fibers (MYR11.2M), and Coconut Oil (MYR10.8M). In August 2024 the top imports of Malaysia from Iran were Tropical Fruits (MYR6.86M), Molluscs (MYR3.07M), Precious Metal Scraps (MYR3.04M), Grapes (MYR1.2M), and Other Nuts (MYR827k).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Iran was explained primarily by an increase in product exports in Palm Oil (MYR198M or 5.03k%), Other Vegetable Oils (MYR17.6M or 223%), and Coconut Oil (MYR8.76M or 438%). In August 2024, the decrease in Malaysia's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Tropical Fruits (MYR-1.87M or -21.4%), Non-fillet Frozen Fish (MYR-1.84M or -92.4%), and Molluscs (MYR-536k or -14.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR205M(348%)
IMPORT GROWTH (August 2023 - August 2024)MYR-1.37M(-10.7%)

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 Iran and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $782M to Iran. The main products exported from Malaysia to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). During the last 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 0.59%, from $806M in 2017 to $782M in 2022.

In 2017, Iran exported $50.8M to Malaysia. The main products exported from Iran to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). During the last 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 30%, from $303M in 2022 to $50.8M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Malaysia included Armenia ($557M), Kuwait ($960M), and Azerbaijan ($454M).

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

Comparative Advantage Malaysia - Iran

Flow
Scale

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

During 2022, Malaysia had a large net trade with Iran in the exports of Animal and Vegetable Bi-Products ($630M), Textiles ($50.3M), and Plastics and Rubbers ($40.5M).

During 2017, Iran had a large net trade with Malaysia in the exports of Animal Products ($16.8M), Vegetable Products ($11.2M), and Precious Metals ($6.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Iran+$4.52MIndustrial Fatty Acids, Oils and Alcohols
Top Product Potential Iran Malaysia+$3.19MPetroleum Coke

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

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

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