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2023
Flag → Flag
Exports $33.5MRnk 128 / 221
2023
Flag → Flag
Top Product $13.9MComputers
2023
Flag → Flag
Exports $428kRnk 35 / 101
2023
Flag → Flag
Top Product $355kTin Ores
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 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$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Malaysia-Mongolia Trade: In 2023, Malaysia exported $33.5M to Mongolia. The main products that Malaysia exported to Mongolia were Computers ($13.9M), Coffee and Tea Extracts ($2.33M), and Palm Oil ($2.17M). Over the past 5 years the exports of Malaysia to Mongolia have decreased at an annualized rate of 8.56%, from $52.4M in 2018 to $33.5M in 2023.

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

Mongolia-Malaysia Trade: In 2023, Mongolia exported $428k to Malaysia. The main products that Mongolia exported to Malaysia were Tin Ores ($355k), Centrifuges ($71.5k), and Photographic Film ($708). Over the past 5 years the exports of Mongolia to Malaysia have decreased at an annualized rate of 22.6%,  from $1.54M in 2018 to $428k in 2023.

In 2023, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR5.55M and imported MYR1.41k from Mongolia, resulting in a positive trade balance of MYR5.55M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-6.35M (-53.3%) from MYR11.9M to MYR5.55M, while imports increased by MYR817 (137%) from MYR595 to MYR1.41k.

Trade In November 2024, the top exports of Malaysia to Mongolia were Computers (MYR9.79M), Video Displays (MYR1.06M), Office Machine Parts (MYR809k), Palm Oil (MYR776k), and Coffee and Tea Extracts (MYR722k). In November 2024 the top imports of Malaysia from Mongolia were Tin Ores (MYR1.62M), Centrifuges (MYR326k), and Commodities not elsewhere specified (MYR250).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Prepr binder for foundry (MYR-505k or -100%), Prepared Cereals (MYR-128k or -69.1%), and Chocolate (MYR-122k or -80.1%). In November 2024, the increase in Malaysia's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-6.35M(-53.3%)
IMPORT GROWTH (November 2023 - November 2024)MYR817(137%)

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 Mongolia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $33.5M to Mongolia. The main products exported from Malaysia to Mongolia were Computers ($13.9M), Coffee and Tea Extracts ($2.33M), and Palm Oil ($2.17M). During the last 5 years the exports of Malaysia to Mongolia have decreased at an annualized rate of 8.56%, from $52.4M in 2018 to $33.5M in 2023.

In 2018, Mongolia exported $428k to Malaysia. The main products exported from Mongolia to Malaysia were Tin Ores ($355k), Centrifuges ($71.5k), and Photographic Film ($708). During the last 5 years the exports of Mongolia to Malaysia have decreased at an annualized rate of 22.6%, from $1.54M in 2023 to $428k in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Mongolia
Top DestinationChina$13.1B

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

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

In 2023, no countries were registered that imported more from Mongolia than from Malaysia.

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

Comparative Advantage Malaysia - Mongolia

Flow
Scale

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

During 2023, Malaysia had a large net trade with Mongolia in the exports of Machines ($18.5M), Foodstuffs ($5.44M), and Animal and Vegetable Bi-Products ($3.93M).

During 2018, Mongolia had a large net trade with Malaysia in the exports of Mineral Products ($355k), Machines ($71.5k), and Chemical Products ($708).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Mongolia+$3.35MRefined Petroleum
Top Product Potential Mongolia Malaysia+$355kMotor vehicles; parts and accessories (8701 to 8705)

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

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

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