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

About

Malaysia-Nigeria Trade: In 2022, Malaysia exported $772M to Nigeria. The main products that Malaysia exported to Nigeria were Palm Oil ($249M), Gas Turbines ($172M), and Refined Petroleum ($56.4M). Over the past 5 years the exports of Malaysia to Nigeria have increased at an annualized rate of 12.8%, from $423M in 2017 to $772M in 2022.

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

Nigeria-Malaysia Trade: 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). Over the past 5 years the exports of Nigeria to Malaysia have increased at an annualized rate of 22.7%,  from $191M in 2017 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, 2024

About

Overview In September 2024, Malaysia exported MYR106M and imported MYR360M from Nigeria, resulting in a negative trade balance of MYR255M. Between September 2023 and September 2024 the exports of Malaysia have decreased by MYR-154M (-59.2%) from MYR259M to MYR106M, while imports increased by MYR248M (221%) from MYR112M to MYR360M.

Trade In September 2024, the top exports of Malaysia to Nigeria were Palm Oil (MYR69M), Organo-Sulfur Compounds (MYR5.54M), Soap (MYR3.87M), Recreational Boats (MYR3.62M), and Other Printed Material (MYR2.29M). In September 2024 the top imports of Malaysia from Nigeria were Cocoa Beans (MYR34.3M), Tin Ores (MYR13.8M), Other Pure Vegetable Oils (MYR3.58M), Aluminium Powder (MYR2.13M), and Niobium, Tantalum, Vanadium and Zirconium Ore (MYR1.65M).

Growth In September 2024, the decrease in Malaysia's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Machinery Having Individual Functions (MYR-23.8M or -98.2%), Synthetic Filament Tow (MYR-6.6M or -85.2%), and Malt Extract (MYR-4.56M or -71.4%). In September 2024, the increase in Malaysia's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Polyacetals (MYR79.2k or 72.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR-154M(-59.2%)
IMPORT GROWTH (September 2023 - September 2024)MYR248M(221%)

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.

Explore Nigeria and Malaysia Data

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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 5 years the exports of Malaysia to Nigeria have increased at an annualized rate of 12.8%, from $423M in 2017 to $772M in 2022.

In 2017, 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 5 years the exports of Nigeria to Malaysia have increased at an annualized rate of 22.7%, from $191M in 2022 to $531M in 2017.

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

In 2022, countries that imported more from Nigeria than Malaysia included 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 2017, Nigeria had a large net trade with Malaysia in the exports of Mineral Products ($411M), Foodstuffs ($92.4M), and Chemical Products ($13.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Nigeria+$102MRefined Petroleum
Top Product Potential Nigeria Malaysia+$251MCrude Petroleum

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

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

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