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2023
Flag → Flag
Exports $21.1MRnk 146 / 221
2023
Flag → Flag
Top Product $2.14MPalm Oil
2023
Flag → Flag
Exports $57.9MRnk 25 / 89
2023
Flag → Flag
Top Product $56.4MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 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$6,173CURRENT US$
Rnk 112 / 196
2013-2023
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GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Malaysia-Libya Trade: In 2023, Malaysia exported $21.1M to Libya. The main products that Malaysia exported to Libya were Palm Oil ($2.14M), Malt Extract ($1.88M), and Other Vegetable Oils ($1.82M). Over the past 5 years the exports of Malaysia to Libya have increased at an annualized rate of 1.8%, from $19.3M in 2018 to $21.1M in 2023.

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

Libya-Malaysia Trade: In 2023, Libya exported $57.9M to Malaysia. The main products that Libya exported to Malaysia were Crude Petroleum ($56.4M), Raw Aluminium ($859k), and Copper Powder ($253k). Over the past 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 39.9%,  from $737M in 2018 to $57.9M in 2023.

In 2023, Libya 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, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR14.8M and imported MYR118M from Libya, resulting in a negative trade balance of MYR103M. Between December 2023 and December 2024 the exports of Malaysia have increased by MYR4.86M (49%) from MYR9.93M to MYR14.8M, while imports decreased by MYR-140M (-54.4%) from MYR258M to MYR118M.

Trade In December 2024, the top exports of Malaysia to Libya were Rubber Apparel (MYR2M), Electrical Ignitions (MYR1.55M), Air Conditioners (MYR1.19M), Cleaning Products (MYR1.19M), and Margarine (MYR937k). In December 2024 the top imports of Malaysia from Libya were Refined Copper (MYR43.4k) and Commodities not elsewhere specified (MYR3.72k).

Growth In December 2024, the increase in Malaysia's year-by-year exports to Libya was explained primarily by an increase in product exports in Rubber Apparel (MYR1.44M or 259%), Electrical Ignitions (MYR1.32M or 584%), and Air Conditioners (MYR864k or 262%). In December 2024, the decrease in Malaysia's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR4.86M(49%)
IMPORT GROWTH (December 2023 - December 2024)MYR-140M(-54.4%)

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 2023, Malaysia exported $21.1M to Libya. The main products exported from Malaysia to Libya were Palm Oil ($2.14M), Malt Extract ($1.88M), and Other Vegetable Oils ($1.82M). During the last 5 years the exports of Malaysia to Libya have increased at an annualized rate of 1.8%, from $19.3M in 2018 to $21.1M in 2023.

In 2018, Libya exported $57.9M to Malaysia. The main products exported from Libya to Malaysia were Crude Petroleum ($56.4M), Raw Aluminium ($859k), and Copper Powder ($253k). During the last 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 39.9%, from $737M in 2023 to $57.9M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Libya than Malaysia included Italy ($7.96B), Greece ($2.2B), and Spain ($3.08B).

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

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 2023, Malaysia had a large net trade with Libya in the exports of Animal and Vegetable Bi-Products ($4.73M), Foodstuffs ($3.74M), and Machines ($3.01M).

During 2018, Libya had a large net trade with Malaysia in the exports of Mineral Products ($56.4M), Metals ($1.3M), and Vegetable Products ($235k).

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) (2023)

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