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2022
Flag → Flag
Exports $6.51BRnk 16 / 218
2022
Flag → Flag
Top Product $906MRefined Petroleum
2022
Flag → Flag
Exports $2.68BRnk 14 / 205
2022
Flag → Flag
Top Product $1.11BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Malaysia-Philippines Trade: In 2022, Malaysia exported $6.51B to Philippines. The main products that Malaysia exported to Philippines were Refined Petroleum ($906M), Palm Oil ($787M), and Integrated Circuits ($758M). Over the past 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 8.1%, from $4.41B in 2017 to $6.51B in 2022.

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

Philippines-Malaysia Trade: In 2022, Philippines exported $2.68B to Malaysia. The main products that Philippines exported to Malaysia were Integrated Circuits ($1.11B), Coconut Oil ($198M), and Rubber ($129M). Over the past 5 years the exports of Philippines to Malaysia have increased at an annualized rate of 2.67%,  from $2.35B in 2017 to $2.68B in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

June, 2024

About

Overview In June 2024, Malaysia exported MYR2.18B and imported MYR704M from Philippines, resulting in a positive trade balance of MYR1.48B. Between June 2023 and June 2024 the exports of Malaysia have decreased by MYR-217M (-9.03%) from MYR2.4B to MYR2.18B, while imports increased by MYR63.5M (9.9%) from MYR641M to MYR704M.

Trade In June 2024, the top exports of Malaysia to Philippines were Integrated Circuits (MYR353M), Palm Oil (MYR170M), Crude Petroleum (MYR166M), Refined Petroleum (MYR142M), and Oscilloscopes (MYR48.2M). In June 2024 the top imports of Malaysia from Philippines were Integrated Circuits (MYR476M), Semiconductor Devices (MYR62.2M), Refined Petroleum (MYR45.4M), Electrical Capacitors (MYR33.8M), and Rubber (MYR29.3M).

Growth In June 2024, the decrease in Malaysia's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Refined Petroleum (MYR-134M or -48.6%), Palm Oil (MYR-61M or -26.4%), and Other Measuring Instruments (MYR-25.7M or -85.5%). In June 2024, the increase in Malaysia's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Integrated Circuits (MYR94.1M or 24.7%), Refined Petroleum (MYR43.2M or 2k%), and Electrical Capacitors (MYR21.3M or 170%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)MYR-217M(-9.03%)
IMPORT GROWTH (June 2023 - June 2024)MYR63.5M(9.9%)

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 Philippines and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $6.51B to Philippines. The main products exported from Malaysia to Philippines were Refined Petroleum ($906M), Palm Oil ($787M), and Integrated Circuits ($758M). During the last 5 years the exports of Malaysia to Philippines have increased at an annualized rate of 8.1%, from $4.41B in 2017 to $6.51B in 2022.

In 2017, Philippines exported $2.68B to Malaysia. The main products exported from Philippines to Malaysia were Integrated Circuits ($1.11B), Coconut Oil ($198M), and Rubber ($129M). During the last 5 years the exports of Philippines to Malaysia have increased at an annualized rate of 2.67%, from $2.35B in 2022 to $2.68B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Malaysia included Switzerland ($4.1B), United Kingdom ($4.52B), and Israel ($110M).

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

Comparative Advantage Malaysia - Philippines

Flow
Scale

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

During 2022, Malaysia had a large net trade with Philippines in the exports of Machines ($1.55B), Mineral Products ($1.16B), and Animal and Vegetable Bi-Products ($1.04B).

During 2017, Philippines had a large net trade with Malaysia in the exports of Machines ($1.71B), Animal and Vegetable Bi-Products ($214M), and Plastics and Rubbers ($177M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Philippines+$346MIntegrated Circuits
Top Product Potential Philippines Malaysia+$588MIntegrated Circuits

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

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

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