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2023
Flag → Flag
Exports $346MRnk 57 / 221
2023
Flag → Flag
Top Product $84MPolycarboxylic Acids
2023
Flag → Flag
Exports $818MRnk 14 / 171
2023
Flag → Flag
Top Product $233MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
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GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Malaysia-Oman Trade: In 2023, Malaysia exported $346M to Oman. The main products that Malaysia exported to Oman were Polycarboxylic Acids ($84M), Palm Oil ($48.7M), and Sawn Wood ($13.7M). Over the past 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.85%, from $217M in 2018 to $346M in 2023.

In 2023, Malaysia did not export any services to Oman.

Oman-Malaysia Trade: In 2023, Oman exported $818M to Malaysia. The main products that Oman exported to Malaysia were Crude Petroleum ($233M), Semi-Finished Iron ($139M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($125M). Over the past 5 years the exports of Oman to Malaysia have increased at an annualized rate of 7.61%,  from $567M in 2018 to $818M in 2023.

In 2023, Oman did not export any services to Malaysia.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR58.4M and imported MYR107M from Oman, resulting in a negative trade balance of MYR48.3M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-146M (-71.4%) from MYR204M to MYR58.4M, while imports decreased by MYR-322M (-75.1%) from MYR429M to MYR107M.

Trade In November 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 November 2024 the top imports of Malaysia from Oman were Raw Aluminium (MYR106M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (MYR67.4M), Semi-Finished Iron (MYR55.4M), Ethylene Polymers (MYR12.5M), and Molluscs (MYR5.55M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Oman was explained primarily by an decrease in product exports in Palm Oil (MYR-11.2M or -28.1%), Air Conditioners (MYR-4.58M or -55%), and Electrical Control Boards (MYR-1.42M or -96.4%). In November 2024, the decrease in Malaysia's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish (MYR-1.92M or -30.5%), Animal Meal and Pellets (MYR-107k or -43.9%), and Perfumes (MYR-93.9k or -97.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-146M(-71.4%)
IMPORT GROWTH (November 2023 - November 2024)MYR-322M(-75.1%)

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 2023, Malaysia exported $346M to Oman. The main products exported from Malaysia to Oman were Polycarboxylic Acids ($84M), Palm Oil ($48.7M), and Sawn Wood ($13.7M). During the last 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.85%, from $217M in 2018 to $346M in 2023.

In 2018, Oman exported $818M to Malaysia. The main products exported from Oman to Malaysia were Crude Petroleum ($233M), Semi-Finished Iron ($139M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($125M). During the last 5 years the exports of Oman to Malaysia have increased at an annualized rate of 7.61%, from $567M in 2023 to $818M in 2018.

Exports from Malaysia (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Oman
Top DestinationChina$30.2B

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 2023, countries that imported more from Malaysia than Oman included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

In 2023, countries that imported more from Oman than Malaysia included Saudi Arabia ($3.64B), South Africa ($2.57B), and Croatia ($562M).

Difference in imports from Oman (Flag) and Malaysia (Flag) (2023)

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 2023, Malaysia had a large net trade with Oman in the exports of Chemical Products ($108M), Machines ($66.2M), and Animal and Vegetable Bi-Products ($51.4M).

During 2018, Oman had a large net trade with Malaysia in the exports of Mineral Products ($316M), Metals ($263M), and Chemical Products ($137M).

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) (2023)

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