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2022
Flag → Flag
Exports $461MRnk 51 / 218
2022
Flag → Flag
Top Product $86.9MPalm Oil
2022
Flag → Flag
Exports $686MRnk 18 / 156
2022
Flag → Flag
Top Product $513MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
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$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Malaysia-Kuwait Trade: In 2022, Malaysia exported $461M to Kuwait. The main products that Malaysia exported to Kuwait were Palm Oil ($86.9M), Coconut Oil ($28.1M), and Industrial Printers ($21.6M). Over the past 5 years the exports of Malaysia to Kuwait have increased at an annualized rate of 12.4%, from $257M in 2017 to $461M in 2022.

In 2022, Malaysia did not export any services to Kuwait.

Kuwait-Malaysia Trade: In 2022, Kuwait exported $686M to Malaysia. The main products that Kuwait exported to Malaysia were Crude Petroleum ($513M), Refined Petroleum ($64.4M), and Petroleum Gas ($50.7M). Over the past 5 years the exports of Kuwait to Malaysia have increased at an annualized rate of 27.3%,  from $205M in 2017 to $686M in 2022.

In 2022, Kuwait did not export any services to Malaysia.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

July, 2024

About

Overview In July 2024, Malaysia exported MYR83.3M and imported MYR140M from Kuwait, resulting in a negative trade balance of MYR57.1M. Between July 2023 and July 2024 the exports of Malaysia have increased by MYR33.4M (67%) from MYR49.9M to MYR83.3M, while imports decreased by MYR-107M (-43.4%) from MYR248M to MYR140M.

Trade In July 2024, the top exports of Malaysia to Kuwait were Palm Oil (MYR10.4M), Copper Pipes (MYR4.65M), Other Prepared Meat (MYR3.82M), Rubber Apparel (MYR2.51M), and Other Furniture (MYR1.93M). In July 2024 the top imports of Malaysia from Kuwait were Crude Petroleum (MYR416M), Petroleum Gas (MYR124M), Ethylene Polymers (MYR7.42M), Reaction and Catalytic Products (MYR1.71M), and Raw Aluminium (MYR455k).

Growth In July 2024, the increase in Malaysia's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Copper Pipes (MYR2.98M or 178%), Commodities not elsewhere specified (MYR1.57M or 975%), and Other Prepared Meat (MYR1.55M or 67.8%). In July 2024, the decrease in Malaysia's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Reaction and Catalytic Products (MYR-17.2M or -90.9%), Ethylene Polymers (MYR-4.24M or -36.4%), and Nonaqueous Pigments (MYR-24.2k or -39%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)MYR33.4M(67%)
IMPORT GROWTH (July 2023 - July 2024)MYR-107M(-43.4%)

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 Kuwait and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $461M to Kuwait. The main products exported from Malaysia to Kuwait were Palm Oil ($86.9M), Coconut Oil ($28.1M), and Industrial Printers ($21.6M). During the last 5 years the exports of Malaysia to Kuwait have increased at an annualized rate of 12.4%, from $257M in 2017 to $461M in 2022.

In 2017, Kuwait exported $686M to Malaysia. The main products exported from Kuwait to Malaysia were Crude Petroleum ($513M), Refined Petroleum ($64.4M), and Petroleum Gas ($50.7M). During the last 5 years the exports of Kuwait to Malaysia have increased at an annualized rate of 27.3%, from $205M in 2022 to $686M in 2017.

Exports from Malaysia (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Malaysia than Kuwait included Singapore ($53.8B), United States ($44.2B), and China ($48.5B).

In 2022, countries that imported more from Kuwait than Malaysia included Pakistan ($3.97B), Egypt ($2.84B), and India ($15B).

Difference in imports from Kuwait (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Kuwait

Flow
Scale

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

During 2022, Malaysia had a large net trade with Kuwait in the exports of Animal and Vegetable Bi-Products ($137M), Machines ($125M), and Foodstuffs ($41M).

During 2017, Kuwait had a large net trade with Malaysia in the exports of Mineral Products ($629M), Plastics and Rubbers ($40.1M), and Chemical Products ($9.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Kuwait+$9.09MComputers
Top Product Potential Kuwait Malaysia+$141MCrude Petroleum

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

Product Space of Malaysia (Flag) and Kuwait (Flag) (2022)

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