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Pricing

2022
Flag → Flag
Exports $12MRnk 149 / 218
2022
Flag → Flag
Top Product $1.86MOther Vegetable Oils
2022
Flag → Flag
Exports $31.7MRnk 27 / 79
2022
Flag → Flag
Top Product $31.3MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Malaysia-Libya Trade: In 2022, Malaysia exported $12M to Libya. The main products that Malaysia exported to Libya were Other Vegetable Oils ($1.86M), Palm Oil ($1.29M), and Electrical Ignitions ($991k). Over the past 5 years the exports of Malaysia to Libya have decreased at an annualized rate of 9.8%, from $20.1M in 2017 to $12M in 2022.

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

Libya-Malaysia Trade: In 2022, Libya exported $31.7M to Malaysia. The main products that Libya exported to Malaysia were Crude Petroleum ($31.3M), Tropical Fruits ($365k), and Refined Copper ($20.1k). Over the past 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 27.4%,  from $157M in 2017 to $31.7M in 2022.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, Malaysia exported MYR10.2M and imported MYR2.76M from Libya, resulting in a positive trade balance of MYR7.49M. Between July 2023 and July 2024 the exports of Malaysia have increased by MYR3.99M (63.8%) from MYR6.26M to MYR10.2M, while imports increased by MYR924k (50.4%) from MYR1.83M to MYR2.76M.

Trade In July 2024, the top exports of Malaysia to Libya were Cleaning Products (MYR1.4M), Motor vehicles; parts and accessories (8701... (MYR621k), Rubber Apparel (MYR557k), Wood Carpentry (MYR437k), and Shaving Products (MYR368k). In July 2024 the top imports of Malaysia from Libya were Tropical Fruits (MYR492k).

Growth In July 2024, the increase in Malaysia's year-by-year exports to Libya was explained primarily by an increase in product exports in Motor vehicles; parts and accessories (8701... (MYR447k or 258%), Rubber Apparel (MYR309k or 124%), and Insulated Wire (MYR274k or 681%). In July 2024, the increase in Malaysia's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)MYR3.99M(63.8%)
IMPORT GROWTH (July 2023 - July 2024)MYR924k(50.4%)

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 Libya and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $12M to Libya. The main products exported from Malaysia to Libya were Other Vegetable Oils ($1.86M), Palm Oil ($1.29M), and Electrical Ignitions ($991k). During the last 5 years the exports of Malaysia to Libya have decreased at an annualized rate of 9.8%, from $20.1M in 2017 to $12M in 2022.

In 2017, Libya exported $31.7M to Malaysia. The main products exported from Libya to Malaysia were Crude Petroleum ($31.3M), Tropical Fruits ($365k), and Refined Copper ($20.1k). During the last 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 27.4%, from $157M in 2022 to $31.7M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Libya
Top DestinationItaly$9.26B

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

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

In 2022, countries that imported more from Libya than Malaysia included Italy ($9.26B), Greece ($2.25B), and Spain ($3.48B).

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

Comparative Advantage Malaysia - Libya

Flow
Scale

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

During 2022, Malaysia had a large net trade with Libya in the exports of Animal and Vegetable Bi-Products ($4.41M), Machines ($2.18M), and Plastics and Rubbers ($1.2M).

During 2017, Libya had a large net trade with Malaysia in the exports of Mineral Products ($31.3M), Vegetable Products ($365k), and Metals ($20.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Libya+$1.19MRefined Petroleum
Top Product Potential Libya Malaysia+$46.7MCrude 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 Libya. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Malaysia.

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

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