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2022
Flag → Flag
Exports $1.63BRnk 28 / 218
2022
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Top Product $516MRefined Petroleum
2022
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Exports $921MRnk 11 / 210
2022
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Top Product $305MConcentrated Milk
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.46Rnk 45 / 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$247BCURRENT US$
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2012-2022
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GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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$48,249CURRENT US$
Rnk 22 / 186
2012-2022
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GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Malaysia-New Zealand Trade: In 2022, Malaysia exported $1.63B to New Zealand. The main products that Malaysia exported to New Zealand were Refined Petroleum ($516M), Other Vegetable Residues ($145M), and Nitrogenous Fertilizers ($73.9M). Over the past 5 years the exports of Malaysia to New Zealand have increased at an annualized rate of 5.83%, from $1.23B in 2017 to $1.63B in 2022.

In 2022, Malaysia did not export any services to New Zealand.

New Zealand-Malaysia Trade: In 2022, New Zealand exported $921M to Malaysia. The main products that New Zealand exported to Malaysia were Concentrated Milk ($305M), Butter ($102M), and Sheep and Goat Meat ($69.7M). Over the past 5 years the exports of New Zealand to Malaysia have increased at an annualized rate of 3.94%,  from $759M in 2017 to $921M in 2022.

In 2018, New Zealand exported services to Malaysia worth $797M, with Travel ($706M), Transportation ($56.6M), and Other business services ($22.1M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Malaysia exported MYR417M and imported MYR428M from New Zealand, resulting in a negative trade balance of MYR11.2M. Between July 2023 and July 2024 the exports of Malaysia have decreased by MYR-218M (-34.3%) from MYR635M to MYR417M, while imports increased by MYR10.8M (2.59%) from MYR418M to MYR428M.

Trade In July 2024, the top exports of Malaysia to New Zealand were Refined Petroleum (MYR549M), Other Vegetable Residues (MYR30.1M), Palm Oil (MYR28.8M), Petroleum Coke (MYR14.1M), and Seed Oils (MYR7.98M). In July 2024 the top imports of Malaysia from New Zealand were Concentrated Milk (MYR167M), Butter (MYR44.2M), Cheese (MYR37M), Sheep and Goat Meat (MYR17.4M), and Malt Extract (MYR15.6M).

Growth In July 2024, the decrease in Malaysia's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Rapeseed Oil (MYR-17M or -78.8%), Telephones (MYR-8.45M or -66.6%), and Video Displays (MYR-5.44M or -65.7%). In July 2024, the increase in Malaysia's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Concentrated Milk (MYR69.4M or 71%), Cheese (MYR13.8M or 59.4%), and Sulfate Chemical Woodpulp (MYR5.86M or 139%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)MYR-218M(-34.3%)
IMPORT GROWTH (July 2023 - July 2024)MYR10.8M(2.59%)

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 New Zealand and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $1.63B to New Zealand. The main products exported from Malaysia to New Zealand were Refined Petroleum ($516M), Other Vegetable Residues ($145M), and Nitrogenous Fertilizers ($73.9M). During the last 5 years the exports of Malaysia to New Zealand have increased at an annualized rate of 5.83%, from $1.23B in 2017 to $1.63B in 2022.

In 2017, New Zealand exported $921M to Malaysia. The main products exported from New Zealand to Malaysia were Concentrated Milk ($305M), Butter ($102M), and Sheep and Goat Meat ($69.7M). During the last 5 years the exports of New Zealand to Malaysia have increased at an annualized rate of 3.94%, from $759M in 2022 to $921M in 2017.

Exports from Malaysia (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Malaysia included Algeria ($517M), Fiji ($380M), and Cook Islands ($85.2M).

Difference in imports from New Zealand (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - New Zealand

Flow
Scale

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

During 2022, Malaysia had a large net trade with New Zealand in the exports of Mineral Products ($549M), Machines ($258M), and Foodstuffs ($195M).

During 2017, New Zealand had a large net trade with Malaysia in the exports of Animal Products ($624M), Foodstuffs ($81.6M), and Metals ($32.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia New Zealand+$17.8MTelephones
Top Product Potential New Zealand Malaysia+$7.19MCrude 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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Bilateral Service Trade

In 2018, New Zealand exported services to Malaysia worth $797M, with Travel ($706M), Transportation ($56.6M), and Other business services ($22.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Malaysia (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and New Zealand. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and New Zealand (Flag) (2022)

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