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2022
Flag → Flag
Exports $389MRnk 55 / 218
2022
Flag → Flag
Top Product $48.5MExcavation Machinery
2022
Flag → Flag
Exports $205MRnk 47 / 209
2022
Flag → Flag
Top Product $37.9MNon-fillet Fresh Fish
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
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$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Malaysia-Norway Trade: In 2022, Malaysia exported $389M to Norway. The main products that Malaysia exported to Norway were Excavation Machinery ($48.5M), Surveying Equipment ($33.8M), and Inedible Fats and Oils ($21.2M). Over the past 5 years the exports of Malaysia to Norway have increased at an annualized rate of 1.79%, from $356M in 2017 to $389M in 2022.

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

Norway-Malaysia Trade: In 2022, Norway exported $205M to Malaysia. The main products that Norway exported to Malaysia were Non-fillet Fresh Fish ($37.9M), Mixed Mineral or Chemical Fertilizers ($16M), and Inorganic Salts ($14.8M). Over the past 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 7.91%,  from $310M in 2017 to $205M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR121M and imported MYR92.4M from Norway, resulting in a positive trade balance of MYR28.1M. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR43.2M (55.9%) from MYR77.3M to MYR121M, while imports increased by MYR19.8M (27.2%) from MYR72.6M to MYR92.4M.

Trade In September 2024, the top exports of Malaysia to Norway were Excavation Machinery (MYR7.48M), Surveying Equipment (MYR3.16M), Rubber Apparel (MYR2.36M), Brooms (MYR2.2M), and Electric Batteries (MYR2.04M). In September 2024 the top imports of Malaysia from Norway were Crude Petroleum (MYR28.4M), Non-fillet Fresh Fish (MYR20.6M), Nickel Sheets (MYR14M), Gas and Liquid Flow Measuring Instruments (MYR7.51M), and Raw Nickel (MYR3.5M).

Growth In September 2024, the increase in Malaysia's year-by-year exports to Norway was explained primarily by an increase in product exports in Other Iron Products (MYR1.47M or 717%), Telephones (MYR981k or 564%), and Interchangeable Tool Parts (MYR393k or 1.15k%). In September 2024, the increase in Malaysia's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Non-fillet Fresh Fish (MYR4.55M or 28.4%), Raw Nickel (MYR2.69M or 334%), and Electrical Control Boards (MYR1.59M or 417%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR43.2M(55.9%)
IMPORT GROWTH (September 2023 - September 2024)MYR19.8M(27.2%)

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 Norway and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $389M to Norway. The main products exported from Malaysia to Norway were Excavation Machinery ($48.5M), Surveying Equipment ($33.8M), and Inedible Fats and Oils ($21.2M). During the last 5 years the exports of Malaysia to Norway have increased at an annualized rate of 1.79%, from $356M in 2017 to $389M in 2022.

In 2017, Norway exported $205M to Malaysia. The main products exported from Norway to Malaysia were Non-fillet Fresh Fish ($37.9M), Mixed Mineral or Chemical Fertilizers ($16M), and Inorganic Salts ($14.8M). During the last 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 7.91%, from $310M in 2022 to $205M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Malaysia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Malaysia - Norway

Flow
Scale

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

During 2022, Malaysia had a large net trade with Norway in the exports of Machines ($201M), Instruments ($57.1M), and Plastics and Rubbers ($38.3M).

During 2017, Norway had a large net trade with Malaysia in the exports of Chemical Products ($50M), Animal Products ($47.3M), and Machines ($38.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Norway+$20.7MTelephones
Top Product Potential Norway Malaysia+$3.58MNon-fillet Frozen Fish

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

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

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