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2023
Flag → Flag
Exports $747MRnk 37 / 221
2023
Flag → Flag
Top Product $402MRefined Petroleum
2023
Flag → Flag
Exports $90.5MRnk 34 / 200
2023
Flag → Flag
Top Product $8.81MWheat Flours
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Malaysia-Sri Lanka Trade: In 2023, Malaysia exported $747M to Sri Lanka. The main products that Malaysia exported to Sri Lanka were Refined Petroleum ($402M), Coconut Oil ($28.1M), and Petroleum Gas ($25.8M). Over the past 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 1.07%, from $708M in 2018 to $747M in 2023.

In 2023, Malaysia did not export any services to Sri Lanka.

Sri Lanka-Malaysia Trade: In 2023, Sri Lanka exported $90.5M to Malaysia. The main products that Sri Lanka exported to Malaysia were Wheat Flours ($8.81M), Raw Nickel ($8.4M), and Thermostats ($5.55M). Over the past 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 8.67%,  from $59.7M in 2018 to $90.5M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR278M and imported MYR69M from Sri Lanka, resulting in a positive trade balance of MYR209M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR122M (78.1%) from MYR156M to MYR278M, while imports increased by MYR40.7M (144%) from MYR28.3M to MYR69M.

Trade In November 2024, the top exports of Malaysia to Sri Lanka were Refined Petroleum (MYR18.6M), Blank Audio Media (MYR12.2M), Raw Iron Bars (MYR9.87M), Coconut Oil (MYR9.81M), and Synthetic Rubber (MYR6.62M). In November 2024 the top imports of Malaysia from Sri Lanka were Wheat Flours (MYR2.2M), Non-Knit Women's Suits (MYR1.95M), Knit T-shirts (MYR1.41M), Tea (MYR1.17M), and Sports Equipment (MYR1.06M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Blank Audio Media (MYR10.1M or 476%), Coconut Oil (MYR7.04M or 253%), and Organo-Sulfur Compounds (MYR1.52M or 245%). In November 2024, the increase in Malaysia's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Non-Knit Women's Suits (MYR1.73M or 799%), Non-Knit Men's Suits (MYR795k or 1.09k%), and Sports Equipment (MYR722k or 216%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR122M(78.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR40.7M(144%)

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 Sri Lanka and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $747M to Sri Lanka. The main products exported from Malaysia to Sri Lanka were Refined Petroleum ($402M), Coconut Oil ($28.1M), and Petroleum Gas ($25.8M). During the last 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 1.07%, from $708M in 2018 to $747M in 2023.

In 2018, Sri Lanka exported $90.5M to Malaysia. The main products exported from Sri Lanka to Malaysia were Wheat Flours ($8.81M), Raw Nickel ($8.4M), and Thermostats ($5.55M). During the last 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 8.67%, from $59.7M in 2023 to $90.5M in 2018.

Exports from Malaysia (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Sri Lanka
Top DestinationUnited States$2.98B

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

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

In 2023, countries that imported more from Sri Lanka than Malaysia included Libya ($42.4M), Azerbaijan ($60.8M), and Syria ($43.4M).

Difference in imports from Sri Lanka (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Sri Lanka

Flow
Scale

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

During 2023, Malaysia had a large net trade with Sri Lanka in the exports of Mineral Products ($430M), Animal and Vegetable Bi-Products ($80.9M), and Chemical Products ($62.7M).

During 2018, Sri Lanka had a large net trade with Malaysia in the exports of Textiles ($24M), Vegetable Products ($13.7M), and Metals ($12.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Sri Lanka+$56.6MRefined Petroleum
Top Product Potential Sri Lanka Malaysia+$3.3MKnit T-shirts

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

Product Space of Malaysia (Flag) and Sri Lanka (Flag) (2023)

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