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2022
Flag → Flag
Exports $413MRnk 54 / 218
2022
Flag → Flag
Top Product $85.3MPalm Oil
2022
Flag → Flag
Exports $697MRnk 16 / 171
2022
Flag → Flag
Top Product $159MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -0.19Rnk 75 / 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$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 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$25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Malaysia-Oman Trade: In 2022, Malaysia exported $413M to Oman. The main products that Malaysia exported to Oman were Palm Oil ($85.3M), Refined Petroleum ($78.5M), and Polycarboxylic Acids ($67M). Over the past 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.8%, from $259M in 2017 to $413M in 2022.

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

Oman-Malaysia Trade: In 2022, Oman exported $697M to Malaysia. The main products that Oman exported to Malaysia were Acyclic Alcohols ($159M), Refined Petroleum ($153M), and Raw Aluminium ($96.1M). Over the past 5 years the exports of Oman to Malaysia have increased at an annualized rate of 21.7%,  from $261M in 2017 to $697M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR72.3M and imported MYR310M from Oman, resulting in a negative trade balance of MYR238M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR8.9M (14%) from MYR63.4M to MYR72.3M, while imports increased by MYR91.4M (41.8%) from MYR219M to MYR310M.

Trade In August 2024, the top exports of Malaysia to Oman were Palm Oil (MYR28.6M), Valves (MYR6.97M), Machinery Having Individual Functions (MYR5.56M), Commodities not elsewhere specified (MYR5.25M), and Air Conditioners (MYR3.74M). In August 2024 the top imports of Malaysia from Oman were Raw Aluminium (MYR106M), Acyclic Alcohols (MYR67.4M), Semi-Finished Iron (MYR55.4M), Ethylene Polymers (MYR12.5M), and Molluscs (MYR5.55M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Oman was explained primarily by an increase in product exports in Machinery Having Individual Functions (MYR5.31M or 2.1k%), Commodities not elsewhere specified (MYR4.64M or 770%), and Excavation Machinery (MYR935k or 1.71k%). In August 2024, the increase in Malaysia's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Raw Aluminium (MYR93.7M or 771%), Acyclic Alcohols (MYR42.8M or 174%), and Ethylene Polymers (MYR7.97M or 177%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR8.9M(14%)
IMPORT GROWTH (August 2023 - August 2024)MYR91.4M(41.8%)

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 Oman and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $413M to Oman. The main products exported from Malaysia to Oman were Palm Oil ($85.3M), Refined Petroleum ($78.5M), and Polycarboxylic Acids ($67M). During the last 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.8%, from $259M in 2017 to $413M in 2022.

In 2017, Oman exported $697M to Malaysia. The main products exported from Oman to Malaysia were Acyclic Alcohols ($159M), Refined Petroleum ($153M), and Raw Aluminium ($96.1M). During the last 5 years the exports of Oman to Malaysia have increased at an annualized rate of 21.7%, from $261M in 2022 to $697M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Malaysia than Oman included Singapore ($53.8B), United States ($44.2B), and Hong Kong ($21.7B).

In 2022, countries that imported more from Oman than Malaysia included Saudi Arabia ($2.4B), Qatar ($1.09B), and Mauritius ($544M).

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

Comparative Advantage Malaysia - Oman

Flow
Scale

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

During 2022, Malaysia had a large net trade with Oman in the exports of Animal and Vegetable Bi-Products ($95.7M), Mineral Products ($81.4M), and Chemical Products ($81.1M).

During 2017, Oman had a large net trade with Malaysia in the exports of Mineral Products ($292M), Chemical Products ($198M), and Metals ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Oman+$75.1MRefined Petroleum
Top Product Potential Oman Malaysia+$101MCrude 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 Oman. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Malaysia.

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

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