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2023
Flag → Flag
Exports $159MRnk 81 / 221
2023
Flag → Flag
Top Product $111MPalm Oil
2023
Flag → Flag
Exports $22.5MRnk 24 / 156
2023
Flag → Flag
Top Product $8.9MCopper Foil
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 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$506CURRENT US$
Rnk 192 / 196
2013-2023
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GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Malaysia-Madagascar Trade: In 2023, Malaysia exported $159M to Madagascar. The main products that Malaysia exported to Madagascar were Palm Oil ($111M), Refined Petroleum ($8.04M), and Malt Extract ($6.94M). Over the past 5 years the exports of Malaysia to Madagascar have increased at an annualized rate of 7.89%, from $109M in 2018 to $159M in 2023.

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

Madagascar-Malaysia Trade: In 2023, Madagascar exported $22.5M to Malaysia. The main products that Madagascar exported to Malaysia were Copper Foil ($8.9M), Cocoa Beans ($8.34M), and Nitrogenous Fertilizers ($1.83M). Over the past 5 years the exports of Madagascar to Malaysia have increased at an annualized rate of 27.1%,  from $5.34M in 2018 to $22.5M in 2023.

In 2023, Madagascar 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, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR143M and imported MYR21.8M from Madagascar, resulting in a positive trade balance of MYR121M. Between December 2023 and December 2024 the exports of Malaysia have increased by MYR44M (44.4%) from MYR99.1M to MYR143M, while imports increased by MYR19.3M (761%) from MYR2.53M to MYR21.8M.

Trade In December 2024, the top exports of Malaysia to Madagascar were Palm Oil (MYR93.5M), Malt Extract (MYR6.17M), Other Vegetable Oils (MYR1.14M), Margarine (MYR530k), and Pasta (MYR469k). In December 2024 the top imports of Malaysia from Madagascar were Cocoa Beans (MYR10.2M), Copper Ore (MYR738k), Crustaceans (MYR223k), Trunks and Cases (MYR89.3k), and Non-Knit Men's Shirts (MYR12k).

Growth In December 2024, the increase in Malaysia's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Palm Oil (MYR39.3M or 72.4%), Malt Extract (MYR5.38M or 684%), and Motor vehicles; parts and accessories (8701... (MYR165k or 363%). In December 2024, the increase in Malaysia's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Cocoa Beans (MYR3.26M or 47.1%), Trunks and Cases (MYR79.3k or 792%), and Non-Knit Women's Suits (MYR6.19k or 124%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR44M(44.4%)
IMPORT GROWTH (December 2023 - December 2024)MYR19.3M(761%)

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 Madagascar and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $159M to Madagascar. The main products exported from Malaysia to Madagascar were Palm Oil ($111M), Refined Petroleum ($8.04M), and Malt Extract ($6.94M). During the last 5 years the exports of Malaysia to Madagascar have increased at an annualized rate of 7.89%, from $109M in 2018 to $159M in 2023.

In 2018, Madagascar exported $22.5M to Malaysia. The main products exported from Madagascar to Malaysia were Copper Foil ($8.9M), Cocoa Beans ($8.34M), and Nitrogenous Fertilizers ($1.83M). During the last 5 years the exports of Madagascar to Malaysia have increased at an annualized rate of 27.1%, from $5.34M in 2023 to $22.5M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Madagascar
Top DestinationUnited States$669M

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

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

In 2023, countries that imported more from Madagascar than Malaysia included Comoros ($7.69M), Chad ($896k), and Burundi ($20.4k).

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

Comparative Advantage Malaysia - Madagascar

Flow
Scale

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

During 2023, Malaysia had a large net trade with Madagascar in the exports of Animal and Vegetable Bi-Products ($119M), Foodstuffs ($10.3M), and Mineral Products ($8.08M).

During 2018, Madagascar had a large net trade with Malaysia in the exports of Metals ($8.9M), Foodstuffs ($8.63M), and Chemical Products ($2.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Madagascar+$1.38MIndustrial Fatty Acids, Oils and Alcohols
Top Product Potential Madagascar Malaysia+$1.66MCocoa 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 Madagascar. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Malaysia.

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

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