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2023
Flag → Flag
Exports $12.2BRnk 9 / 221
2023
Flag → Flag
Top Product $2.94BPetroleum Gas
2023
Flag → Flag
Exports $12.1BRnk 11 / 142
2023
Flag → Flag
Top Product $3.34BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
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$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 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$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

Malaysia-South Korea Trade: In 2023, Malaysia exported $12.2B to South Korea. The main products that Malaysia exported to South Korea were Petroleum Gas ($2.94B), Integrated Circuits ($2.93B), and Refined Petroleum ($1.72B). Over the past 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 3.89%, from $10.1B in 2018 to $12.2B in 2023.

In 2023, Malaysia did not export any services to South Korea.

South Korea-Malaysia Trade: In 2023, South Korea exported $12.1B to Malaysia. The main products that South Korea exported to Malaysia were Refined Petroleum ($3.34B), Integrated Circuits ($2.38B), and Oxometallic or Peroxometallic Acid Salts ($445M). Over the past 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 4.78%,  from $9.55B in 2018 to $12.1B in 2023.

In 2005, South Korea exported services to Malaysia worth $506M, with Transportation ($279M), Travel ($119M), and Other business services ($64.1M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR5.17B and imported MYR4.31B from South Korea, resulting in a positive trade balance of MYR861M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR213M (4.3%) from MYR4.96B to MYR5.17B, while imports decreased by MYR-914M (-17.5%) from MYR5.22B to MYR4.31B.

Trade In November 2024, the top exports of Malaysia to South Korea were Petroleum Gas (MYR1.41B), Integrated Circuits (MYR1.03B), Refined Petroleum (MYR168M), Raw Aluminium (MYR83.3M), and Electric Heaters (MYR72.1M). In November 2024 the top imports of Malaysia from South Korea were Integrated Circuits (MYR857M), Refined Petroleum (MYR624M), Oxometallic or Peroxometallic Acid Salts (MYR173M), Blank Audio Media (MYR139M), and Centrifuges (MYR123M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to South Korea was explained primarily by an increase in product exports in Petroleum Gas (MYR847M or 150%), Integrated Circuits (MYR260M or 33.6%), and Other Vegetable Oils (MYR18.2M or 45.3%). In November 2024, the decrease in Malaysia's year-by-year imports  from South Korea was explained primarily by an decrease in product imports  in Refined Petroleum (MYR-393M or -38.6%), Refined Copper (MYR-138M or -81%), and Machinery Having Individual Functions (MYR-101M or -83.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR213M(4.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR-914M(-17.5%)

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 South Korea and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $12.2B to South Korea. The main products exported from Malaysia to South Korea were Petroleum Gas ($2.94B), Integrated Circuits ($2.93B), and Refined Petroleum ($1.72B). During the last 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 3.89%, from $10.1B in 2018 to $12.2B in 2023.

In 2018, South Korea exported $12.1B to Malaysia. The main products exported from South Korea to Malaysia were Refined Petroleum ($3.34B), Integrated Circuits ($2.38B), and Oxometallic or Peroxometallic Acid Salts ($445M). During the last 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 4.78%, from $9.55B in 2023 to $12.1B in 2018.

Exports from Malaysia (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Malaysia than South Korea included Singapore ($47.3B), Vietnam ($11.4B), and Thailand ($13.4B).

In 2023, countries that imported more from South Korea than Malaysia included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

Difference in imports from South Korea (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - South Korea

Flow
Scale

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

During 2023, Malaysia had a large net trade with South Korea in the exports of Mineral Products ($4.81B), Machines ($4.24B), and Metals ($815M).

During 2018, South Korea had a large net trade with Malaysia in the exports of Machines ($4.65B), Mineral Products ($3.44B), and Metals ($1.3B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia South Korea+$555MIntegrated Circuits
Top Product Potential South Korea Malaysia+$571MIntegrated Circuits

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

Product Space of Malaysia (Flag) and South Korea (Flag) (2023)

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