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Pricing

2022
Flag → Flag
Exports $41.3MRnk 125 / 218
2022
Flag → Flag
Top Product $19.5MIntegrated Circuits
2022
Flag → Flag
Exports $750kRnk 79 / 155
2022
Flag → Flag
Top Product $284kSeats
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 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$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Malaysia-North Macedonia Trade: In 2022, Malaysia exported $41.3M to North Macedonia. The main products that Malaysia exported to North Macedonia were Integrated Circuits ($19.5M), Semiconductor Devices ($3.65M), and Palm Oil ($2.85M). Over the past 5 years the exports of Malaysia to North Macedonia have increased at an annualized rate of 22.6%, from $14.9M in 2017 to $41.3M in 2022.

In 2022, Malaysia did not export any services to North Macedonia.

North Macedonia-Malaysia Trade: In 2022, North Macedonia exported $750k to Malaysia. The main products that North Macedonia exported to Malaysia were Seats ($284k), Insulated Wire ($170k), and Low-voltage Protection Equipment ($94.7k). Over the past 5 years the exports of North Macedonia to Malaysia have decreased at an annualized rate of 15.8%,  from $1.78M in 2017 to $750k in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR4.88M and imported MYR312k from North Macedonia, resulting in a positive trade balance of MYR4.57M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR1.71M (54.1%) from MYR3.16M to MYR4.88M, while imports increased by MYR124k (65.5%) from MYR189k to MYR312k.

Trade In August 2024, the top exports of Malaysia to North Macedonia were Integrated Circuits (MYR1.59M), Semiconductor Devices (MYR243k), Rubber Apparel (MYR120k), Other Iron Products (MYR70.5k), and Waterproof Footwear (MYR857). In August 2024 the top imports of Malaysia from North Macedonia were Electrical Capacitors (MYR11.6k), Insulated Wire (MYR5.22k), Low-voltage Protection Equipment (MYR3.76k), Thermostats (MYR2.58k), and Electrical Lighting and Signalling Equipment (MYR1.21k).

Growth In August 2024, the increase in Malaysia's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Integrated Circuits (MYR650k or 69.4%) and Semiconductor Devices (MYR155k or 177%). In August 2024, the increase in Malaysia's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Electrical Capacitors (MYR3.59k or 45%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR1.71M(54.1%)
IMPORT GROWTH (August 2023 - August 2024)MYR124k(65.5%)

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 North Macedonia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $41.3M to North Macedonia. The main products exported from Malaysia to North Macedonia were Integrated Circuits ($19.5M), Semiconductor Devices ($3.65M), and Palm Oil ($2.85M). During the last 5 years the exports of Malaysia to North Macedonia have increased at an annualized rate of 22.6%, from $14.9M in 2017 to $41.3M in 2022.

In 2017, North Macedonia exported $750k to Malaysia. The main products exported from North Macedonia to Malaysia were Seats ($284k), Insulated Wire ($170k), and Low-voltage Protection Equipment ($94.7k). During the last 5 years the exports of North Macedonia to Malaysia have decreased at an annualized rate of 15.8%, from $1.78M in 2022 to $750k in 2017.

Exports from Malaysia (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
North Macedonia
Top DestinationGermany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Malaysia included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

Difference in imports from North Macedonia (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - North Macedonia

Flow
Scale

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

During 2022, Malaysia had a large net trade with North Macedonia in the exports of Machines ($33.1M), Animal and Vegetable Bi-Products ($3.24M), and Chemical Products ($1.34M).

During 2017, North Macedonia had a large net trade with Malaysia in the exports of Machines ($359k), Miscellaneous ($284k), and Instruments ($63.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia North Macedonia+$7.93MIntegrated Circuits
Top Product Potential North Macedonia Malaysia+$650kSeats

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

Product Space of Malaysia (Flag) and North Macedonia (Flag) (2022)

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