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2023
Flag → Flag
Exports $426MRnk 51 / 221
2023
Flag → Flag
Top Product $223MRefined Petroleum
2023
Flag → Flag
Exports $97.9MRnk 23 / 100
2023
Flag → Flag
Top Product $97.8MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Malaysia-Iraq Trade: In 2023, Malaysia exported $426M to Iraq. The main products that Malaysia exported to Iraq were Refined Petroleum ($223M), Soap ($39.6M), and Palm Oil ($16M). Over the past 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 26.3%, from $132M in 2018 to $426M in 2023.

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

Iraq-Malaysia Trade: In 2023, Iraq exported $97.9M to Malaysia. The main products that Iraq exported to Malaysia were Refined Petroleum ($97.8M), Valves ($68.3k), and Electric Motor Parts ($5.88k). Over the past 5 years the exports of Iraq to Malaysia have decreased at an annualized rate of 18.9%,  from $343M in 2018 to $97.9M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR78.4M and imported MYR29.6k from Iraq, resulting in a positive trade balance of MYR78.4M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-202M (-72%) from MYR280M to MYR78.4M, while imports decreased by MYR-137M (-100%) from MYR137M to MYR29.6k.

Trade In November 2024, the top exports of Malaysia to Iraq were Refined Petroleum (MYR209M), Other Printed Material (MYR35.2M), Palm Oil (MYR6.65M), Soap (MYR5.91M), and Coconut Oil (MYR4.21M). In November 2024 the top imports of Malaysia from Iraq were Commodities not elsewhere specified (MYR193).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Soap (MYR-3.97M or -40.2%), Malt Extract (MYR-1.53M or -85.8%), and Low-voltage Protection Equipment (MYR-1.5M or -81.1%). In November 2024, the decrease in Malaysia's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (MYR-17 or -8.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-202M(-72%)
IMPORT GROWTH (November 2023 - November 2024)MYR-137M(-100%)

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 Iraq and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $426M to Iraq. The main products exported from Malaysia to Iraq were Refined Petroleum ($223M), Soap ($39.6M), and Palm Oil ($16M). During the last 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 26.3%, from $132M in 2018 to $426M in 2023.

In 2018, Iraq exported $97.9M to Malaysia. The main products exported from Iraq to Malaysia were Refined Petroleum ($97.8M), Valves ($68.3k), and Electric Motor Parts ($5.88k). During the last 5 years the exports of Iraq to Malaysia have decreased at an annualized rate of 18.9%, from $343M in 2023 to $97.9M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Iraq
Top DestinationChina$35.5B

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

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

In 2023, countries that imported more from Iraq than Malaysia included India ($29.8B), Greece ($5.68B), and United Arab Emirates ($5.65B).

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

Comparative Advantage Malaysia - Iraq

Flow
Scale

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

During 2023, Malaysia had a large net trade with Iraq in the exports of Mineral Products ($223M), Chemical Products ($47.7M), and Animal and Vegetable Bi-Products ($36.9M).

During 2018, Iraq had a large net trade with Malaysia in the exports of Mineral Products ($97.8M), Machines ($81.7k), and Transportation ($5.37k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Iraq+$43.6MRefined Petroleum
Top Product Potential Iraq Malaysia+$146MCrude 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Iraq. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Malaysia.

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

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