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2023
Flag → Flag
Exports $32.1MRnk 131 / 221
2023
Flag → Flag
Top Product $8.96MPalm Oil
2023
Flag → Flag
Exports $30.8MRnk 17 / 112
2023
Flag → Flag
Top Product $22.6MRubber
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 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$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Malaysia-Liberia Trade: In 2023, Malaysia exported $32.1M to Liberia. The main products that Malaysia exported to Liberia were Palm Oil ($8.96M), Malt Extract ($6.01M), and Machinery Having Individual Functions ($2.91M). Over the past 5 years the exports of Malaysia to Liberia have increased at an annualized rate of 3.26%, from $27.4M in 2018 to $32.1M in 2023.

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

Liberia-Malaysia Trade: In 2023, Liberia exported $30.8M to Malaysia. The main products that Liberia exported to Malaysia were Rubber ($22.6M), Cocoa Beans ($4.19M), and Palm Oil ($2.84M). Over the past 5 years the exports of Liberia to Malaysia have increased at an annualized rate of 3.99%,  from $16.4M in 2018 to $30.8M in 2023.

In 2023, Liberia 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, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR5.43M and imported MYR65.8M from Liberia, resulting in a negative trade balance of MYR60.4M. Between December 2023 and December 2024 the exports of Malaysia have decreased by MYR-2.95M (-35.2%) from MYR8.38M to MYR5.43M, while imports increased by MYR54.3M (471%) from MYR11.5M to MYR65.8M.

Trade In December 2024, the top exports of Malaysia to Liberia were Mixed Mineral or Chemical Fertilizers (MYR3.41M), Malt Extract (MYR1.93M), Machinery Having Individual Functions (MYR997k), Concentrated Milk (MYR834k), and Commodities not elsewhere specified (MYR703k). In December 2024 the top imports of Malaysia from Liberia were Rubber (MYR17M) and Cocoa Beans (MYR7.41M).

Growth In December 2024, the decrease in Malaysia's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Palm Oil (MYR-1.9M or -89.6%), Rubberworking Machinery (MYR-779k or -58.4%), and Other Edible Preparations (MYR-15.5k or -90.1%). In December 2024, the increase in Malaysia's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Rubber (MYR10.3M or 154%) and Cocoa Beans (MYR2.88M or 63.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR-2.95M(-35.2%)
IMPORT GROWTH (December 2023 - December 2024)MYR54.3M(471%)

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 Liberia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $32.1M to Liberia. The main products exported from Malaysia to Liberia were Palm Oil ($8.96M), Malt Extract ($6.01M), and Machinery Having Individual Functions ($2.91M). During the last 5 years the exports of Malaysia to Liberia have increased at an annualized rate of 3.26%, from $27.4M in 2018 to $32.1M in 2023.

In 2018, Liberia exported $30.8M to Malaysia. The main products exported from Liberia to Malaysia were Rubber ($22.6M), Cocoa Beans ($4.19M), and Palm Oil ($2.84M). During the last 5 years the exports of Liberia to Malaysia have increased at an annualized rate of 3.99%, from $16.4M in 2023 to $30.8M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Liberia
Top DestinationSwitzerland$708M

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

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

In 2023, countries that imported more from Liberia than Malaysia included Lebanon ($105M), Cyprus ($18.6M), and North Korea ($38.5k).

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

Comparative Advantage Malaysia - Liberia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Liberia in the exports of Animal and Vegetable Bi-Products ($8.99M), Machines ($7.21M), and Foodstuffs ($6.27M).

During 2018, Liberia had a large net trade with Malaysia in the exports of Plastics and Rubbers ($22.6M), Foodstuffs ($4.19M), and Animal and Vegetable Bi-Products ($3.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Liberia+$1.27MRefined Petroleum
Top Product Potential Liberia Malaysia+$1.58MCocoa Beans

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

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

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