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2022
Flag → Flag
Exports $1.99BRnk 23 / 218
2022
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Top Product $378MPalm Oil
2022
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Exports $1.57BRnk 54 / 221
2022
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Top Product $255MIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
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).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR408M and imported MYR623M from Italy, resulting in a negative trade balance of MYR215M. Between September 2023 and September 2024 the exports of Malaysia have decreased by MYR-163M (-28.6%) from MYR571M to MYR408M, while imports increased by MYR88M (16.4%) from MYR535M to MYR623M.

Trade In September 2024, the top exports of Malaysia to Italy were Raw Aluminium (MYR91.4M), Air Conditioners (MYR57.6M), Hot-Rolled Iron Bars (MYR46.9M), Industrial Fatty Acids, Oils and Alcohols (MYR27.6M), and Palm Oil (MYR18M). In September 2024 the top imports of Malaysia from Italy were Integrated Circuits (MYR215M), Other Heating Machinery (MYR120M), Trunks and Cases (MYR37.6M), Semiconductor Devices (MYR34.1M), and Packaged Medicaments (MYR25M).

Growth In September 2024, the decrease in Malaysia's year-by-year exports to Italy was explained primarily by an decrease in product exports in Palm Oil (MYR-152M or -89.4%), Industrial Fatty Acids, Oils and Alcohols (MYR-73.5M or -72.7%), and Large Flat-Rolled Stainless Steel (MYR-69.1M or -100%). In September 2024, the increase in Malaysia's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Other Heating Machinery (MYR112M or 1.48k%), Integrated Circuits (MYR62.6M or 41.1%), and Semiconductor Devices (MYR14.1M or 70.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR-163M(-28.6%)
IMPORT GROWTH (September 2023 - September 2024)MYR88M(16.4%)

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 Italy and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Malaysia Data

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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 DestinationSingapore$53.8B
Italy
Top DestinationGermany$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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