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2022
Flag → Flag
Exports $14BRnk 7 / 218
2022
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Top Product $4.07BPetroleum Gas
2022
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Exports $11.8BRnk 12 / 220
2022
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Top Product $3.36BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 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$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

Malaysia-South Korea Trade: In 2022, Malaysia exported $14B to South Korea. The main products that Malaysia exported to South Korea were Petroleum Gas ($4.07B), Integrated Circuits ($2.94B), and Refined Petroleum ($727M). Over the past 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 11.6%, from $8.1B in 2017 to $14B in 2022.

In 2022, Malaysia did not export any services to South Korea.

South Korea-Malaysia Trade: In 2022, South Korea exported $11.8B to Malaysia. The main products that South Korea exported to Malaysia were Refined Petroleum ($3.36B), Integrated Circuits ($1.82B), and Centrifuges ($366M). Over the past 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 6.2%,  from $8.73B in 2017 to $11.8B in 2022.

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 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR4.35B and imported MYR4.88B from South Korea, resulting in a negative trade balance of MYR530M. Between August 2023 and August 2024 the exports of Malaysia have decreased by MYR-668M (-13.3%) from MYR5.02B to MYR4.35B, while imports increased by MYR653M (15.4%) from MYR4.23B to MYR4.88B.

Trade In August 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 August 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 August 2024, the decrease in Malaysia's year-by-year exports to South Korea was explained primarily by an decrease in product exports in Refined Petroleum (MYR-325M or -65.9%), Raw Aluminium (MYR-147M or -63.8%), and Hot-Rolled Iron Bars (MYR-96.5M or -91.3%). In August 2024, the increase in Malaysia's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Oxometallic or Peroxometallic Acid Salts (MYR126M or 270%), Blank Audio Media (MYR126M or 953%), and Liquid Pumps (MYR56M or 1.16k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR-668M(-13.3%)
IMPORT GROWTH (August 2023 - August 2024)MYR653M(15.4%)

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

For full datasets download visit Bulk Download page.

Explore South Korea and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $14B to South Korea. The main products exported from Malaysia to South Korea were Petroleum Gas ($4.07B), Integrated Circuits ($2.94B), and Refined Petroleum ($727M). During the last 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 11.6%, from $8.1B in 2017 to $14B in 2022.

In 2017, South Korea exported $11.8B to Malaysia. The main products exported from South Korea to Malaysia were Refined Petroleum ($3.36B), Integrated Circuits ($1.82B), and Centrifuges ($366M). During the last 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 6.2%, from $8.73B in 2022 to $11.8B in 2017.

Exports from Malaysia (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
South Korea
Top DestinationChina$150B

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 2022, countries that imported more from Malaysia than South Korea included Singapore ($53.8B), Thailand ($14.9B), and Indonesia ($12.5B).

In 2022, countries that imported more from South Korea than Malaysia included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Malaysia (Flag) (2022)

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 2022, Malaysia had a large net trade with South Korea in the exports of Mineral Products ($4.92B), Machines ($4.57B), and Metals ($1.39B).

During 2017, South Korea had a large net trade with Malaysia in the exports of Machines ($3.99B), Mineral Products ($3.44B), and Metals ($1.43B).

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) (2022)

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