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2023
Flag → Flag
Exports $18.8MRnk 148 / 221
2023
Flag → Flag
Top Product $3.72MMalt Extract
2023
Flag → Flag
Exports $2.57MRnk 47 / 150
2023
Flag → Flag
Top Product $1.24MCopper Powder
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 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$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195

About

Malaysia-Jamaica Trade: In 2023, Malaysia exported $18.8M to Jamaica. The main products that Malaysia exported to Jamaica were Malt Extract ($3.72M), Other Edible Preparations ($2.81M), and Legume Flours ($2.09M). Over the past 5 years the exports of Malaysia to Jamaica have decreased at an annualized rate of 1.24%, from $20M in 2018 to $18.8M in 2023.

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

Jamaica-Malaysia Trade: In 2023, Jamaica exported $2.57M to Malaysia. The main products that Jamaica exported to Malaysia were Copper Powder ($1.24M), Copper Foil ($392k), and Scrap Plastic ($267k). Over the past 5 years the exports of Jamaica to Malaysia have increased at an annualized rate of 20.7%,  from $1M in 2018 to $2.57M in 2023.

In 2023, Jamaica 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, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR8.12M and imported MYR423k from Jamaica, resulting in a positive trade balance of MYR7.7M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR3.9M (92.1%) from MYR4.23M to MYR8.12M, while imports increased by MYR299k (242%) from MYR124k to MYR423k.

Trade In November 2024, the top exports of Malaysia to Jamaica were Malt Extract (MYR1.24M), Rubber Apparel (MYR524k), Other Edible Preparations (MYR314k), Palm Oil (MYR314k), and Electric Heaters (MYR242k). In November 2024 the top imports of Malaysia from Jamaica were Copper Powder (MYR955k), Raw Aluminium (MYR45.7k), Hard Liquor (MYR37.3k), and Coffee (MYR799).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Jamaica was explained primarily by an increase in product exports in Malt Extract (MYR414k or 50.4%), Palm Oil (MYR61.4k or 24.3%), and Sowing Seeds (MYR10.5k or 42.3%). In November 2024, the increase in Malaysia's year-by-year imports  from Jamaica was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR3.9M(92.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR299k(242%)

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 Jamaica and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Jamaica and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $18.8M to Jamaica. The main products exported from Malaysia to Jamaica were Malt Extract ($3.72M), Other Edible Preparations ($2.81M), and Legume Flours ($2.09M). During the last 5 years the exports of Malaysia to Jamaica have decreased at an annualized rate of 1.24%, from $20M in 2018 to $18.8M in 2023.

In 2018, Jamaica exported $2.57M to Malaysia. The main products exported from Jamaica to Malaysia were Copper Powder ($1.24M), Copper Foil ($392k), and Scrap Plastic ($267k). During the last 5 years the exports of Jamaica to Malaysia have increased at an annualized rate of 20.7%, from $1M in 2023 to $2.57M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Jamaica
Top DestinationUnited States$709M

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

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

In 2023, countries that imported more from Jamaica than Malaysia included Latvia ($131M), Iceland ($127M), and Guyana ($80.7M).

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

Comparative Advantage Malaysia - Jamaica

Flow
Scale

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

During 2023, Malaysia had a large net trade with Jamaica in the exports of Foodstuffs ($6.81M), Machines ($3.21M), and Vegetable Products ($2.22M).

During 2018, Jamaica had a large net trade with Malaysia in the exports of Metals ($1.83M), Plastics and Rubbers ($458k), and Textiles ($89.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Jamaica+$766kOther Furniture
Top Product Potential Jamaica Malaysia+$186kScrap Copper

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

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

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