2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Malaysia-Italy Trade: In 2022, Malaysia exported $1.99B to Italy. The main products that Malaysia exported to Italy were Palm Oil ($378M), Raw Aluminium ($179M), and Refined Petroleum ($171M). Over the past 5 years the exports of Malaysia to Italy have increased at an annualized rate of 12.4%, from $1.11B in 2017 to $1.99B in 2022.

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

Italy-Malaysia Trade: In 2022, Italy exported $1.57B to Malaysia. The main products that Italy exported to Malaysia were Integrated Circuits ($255M), Jewellery ($96M), and Packaged Medicaments ($67.9M). Over the past 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.14%,  from $1.56B in 2017 to $1.57B in 2022.

In 2020, Italy exported services to Malaysia worth $64.6M, with Other business services ($19.2M), Computer and information services ($17.9M), and Communications services ($9.37M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $1.99B to Italy. The main products exported from Malaysia to Italy were Palm Oil ($378M), Raw Aluminium ($179M), and Refined Petroleum ($171M). During the last 5 years the exports of Malaysia to Italy have increased at an annualized rate of 12.4%, from $1.11B in 2017 to $1.99B in 2022.

In 2017, Italy exported $1.57B to Malaysia. The main products exported from Italy to Malaysia were Integrated Circuits ($255M), Jewellery ($96M), and Packaged Medicaments ($67.9M). During the last 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.14%, from $1.56B in 2022 to $1.57B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Italy
Top Destination
Germany$78.5B

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

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

In 2022, countries that imported more from Italy than Malaysia included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

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

Comparative Advantage Malaysia - Italy

Flow
Scale

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

During 2022, Malaysia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($566M), Machines ($385M), and Metals ($378M).

During 2017, Italy had a large net trade with Malaysia in the exports of Machines ($709M), Chemical Products ($200M), and Transportation ($112M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Italy+$177MRefined Petroleum
Top Product Potential Italy Malaysia+$47.6MPackaged 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, Italy exported services to Malaysia worth $64.6M, with Other business services ($19.2M), Computer and information services ($17.9M), and Communications services ($9.37M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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