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2023
Flag → Flag
Exports $1.66BRnk 27 / 221
2023
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Top Product $460MPalm Oil
2023
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Exports $1.59BRnk 58 / 219
2023
Flag → Flag
Top Product $134MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Malaysia-Italy Trade: In 2023, Malaysia exported $1.66B to Italy. The main products that Malaysia exported to Italy were Palm Oil ($460M), Stearic Acid ($157M), and Air Conditioners ($110M). Over the past 5 years the exports of Malaysia to Italy have increased at an annualized rate of 3.6%, from $1.39B in 2018 to $1.66B in 2023.

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

Italy-Malaysia Trade: In 2023, Italy exported $1.59B to Malaysia. The main products that Italy exported to Malaysia were Integrated Circuits ($134M), Jewellery ($89.3M), and Packaged Medicaments ($86M). Over the past 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.81%,  from $1.53B in 2018 to $1.59B in 2023.

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 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR409M and imported MYR602M from Italy, resulting in a negative trade balance of MYR193M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-213M (-34.3%) from MYR622M to MYR409M, while imports increased by MYR12.9M (2.19%) from MYR589M to MYR602M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)MYR-213M(-34.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR12.9M(2.19%)

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 2023, Malaysia exported $1.66B to Italy. The main products exported from Malaysia to Italy were Palm Oil ($460M), Stearic Acid ($157M), and Air Conditioners ($110M). During the last 5 years the exports of Malaysia to Italy have increased at an annualized rate of 3.6%, from $1.39B in 2018 to $1.66B in 2023.

In 2018, Italy exported $1.59B to Malaysia. The main products exported from Italy to Malaysia were Integrated Circuits ($134M), Jewellery ($89.3M), and Packaged Medicaments ($86M). During the last 5 years the exports of Italy to Malaysia have increased at an annualized rate of 0.81%, from $1.53B in 2023 to $1.59B in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Italy
Top DestinationGermany$71.4B

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 2023, countries that imported more from Malaysia than Italy included China ($79.8B), Singapore ($47.3B), and Hong Kong ($19.3B).

In 2023, countries that imported more from Italy than Malaysia included Germany ($71.4B), France ($61.1B), and Spain ($30.1B).

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

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 2023, Malaysia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($640M), Machines ($455M), and Metals ($217M).

During 2018, Italy had a large net trade with Malaysia in the exports of Machines ($589M), Chemical Products ($207M), and Transportation ($135M).

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) (2023)

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