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2022
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Exports $772MRnk 41 / 218
2022
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Top Product $249MPalm Oil
2022
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Exports $531MRnk 26 / 166
2022
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Top Product $220MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
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GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Malaysia-Nigeria In 2022, Malaysia exported $772M to Nigeria. The main products that Malaysia exported to Nigeria are Palm Oil ($249M), Gas Turbines ($172M), and Refined Petroleum ($56.4M). During the last 27 years the exports of Malaysia to Nigeria have increased at an annualized rate of 13.9%, from $23.2M in 1995 to $772M in 2022.

In 2022, Malaysia did not export any services to Nigeria.

Nigeria-Malaysia In 2022, Nigeria exported $531M to Malaysia. The main products that Nigeria exported to Malaysia were Crude Petroleum ($220M), Tin Ores ($157M), and Cocoa Beans ($87.9M). During the last 27 years the exports of Nigeria to Malaysia have increased at an annualized rate of 19.2%, from $4.64M in 1995 to $531M in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

September, 2020

About

Overview In September 2020, Malaysia exported MYR87.6M and imported MYR83M from Nigeria, resulting in a positive trade balance of MYR4.6M. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR4.01M (4.8%) from MYR83.5M to MYR87.6M, while imports increased by MYR27.7M (50%) from MYR55.3M to MYR83M.

Trade In September 2020, the top exports of Malaysia to Nigeria were Palm Oil (MYR102M), Other Printed Material (MYR10.1M), Synthetic Filament Tow (MYR7.34M), Soap (MYR6.48M), and Air Conditioners (MYR5.98M). In September 2020 the top imports of Malaysia from Nigeria were Tin Ores (MYR57.4M), Cocoa Beans (MYR16.8M), Rubber (MYR472k), Scrap Iron (MYR40.1k), and Commodities not elsewhere specified (MYR14.9k).

Growth In September 2020, the increase in Malaysia's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Palm Oil (MYR60.4M or 144%), Other Printed Material (MYR3.66M or 56.5%), and Scented Mixtures (MYR2.62M or 42k%). In September 2020, the increase in Malaysia's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Tin Ores (MYR26.8M or 87.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (September 2019 - September 2020)MYR4.01M(4.8%)
IMPORT GROWTH (September 2019 - September 2020)MYR27.7M(50%)

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 Nigeria and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $772M to Nigeria. The main products exported from Malaysia to Nigeria were Palm Oil ($249M), Gas Turbines ($172M), and Refined Petroleum ($56.4M). During the last 27 years the exports of Malaysia to Nigeria have increased at an annualized rate of 13.9%, from $23.2M in 1995 to $772M in 2022.

In 2022, Nigeria exported $531M to Malaysia. The main products exported from Nigeria to Malaysia were Crude Petroleum ($220M), Tin Ores ($157M), and Cocoa Beans ($87.9M). During the last 27 years the exports of Nigeria to Malaysia have increased at an annualized rate of 19.2%, from $4.64M in 1995 to $531M in 2022.

Exports from Malaysia (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Nigeria
Top DestinationSpain$9.41B

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

In 2021, countries that imported more from Malaysia than Nigeria were Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2021, countries that imported more from Nigeria than Malaysia were Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

Difference in imports from Nigeria (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Nigeria

Flow
Scale

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

During 2022, Malaysia had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($256M), Machines ($237M), and Foodstuffs ($57M).

During 2022, Nigeria had a large net trade with Malaysia in the exports of Mineral Products ($411M), Foodstuffs ($92.4M), and Chemical Products ($13.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and Nigeria (Flag) (2022)

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