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2022
Flag → Flag
Exports $545MRnk 47 / 218
2022
Flag → Flag
Top Product $120MBall Bearings
2022
Flag → Flag
Exports $2.01BRnk 37 / 138
2022
Flag → Flag
Top Product $1.01BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 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$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Malaysia-Russia Trade: In 2022, Malaysia exported $545M to Russia. The main products that Malaysia exported to Russia were Ball Bearings ($120M), Rubber Apparel ($63.9M), and Cocoa Butter ($30M). Over the past 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 11.6%, from $1.01B in 2017 to $545M in 2022.

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

Russia-Malaysia Trade: In 2022, Russia exported $2.01B to Malaysia. The main products that Russia exported to Malaysia were Refined Petroleum ($1.01B), Coal Briquettes ($489M), and Crude Petroleum ($171M). Over the past 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.5%,  from $976M in 2017 to $2.01B in 2022.

In 2020, Russia exported services to Malaysia worth $46.4M, with Other business services ($26.6M), Transportation ($4.3M), and Travel ($3.95M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR315M and imported MYR341M from Russia, resulting in a negative trade balance of MYR26.2M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR90.5M (40.3%) from MYR225M to MYR315M, while imports increased by MYR16.2M (4.98%) from MYR325M to MYR341M.

Trade In August 2024, the top exports of Malaysia to Russia were Ball Bearings (MYR55.1M), Computers (MYR47.4M), Rubber Apparel (MYR20.2M), Other Electrical Machinery (MYR15.2M), and Scented Mixtures (MYR11.1M). In August 2024 the top imports of Malaysia from Russia were Refined Petroleum (MYR320M), Coal Briquettes (MYR229M), Potassic Fertilizers (MYR73.1M), Aircraft parts including unmanned craft (MYR19M), and Malt (MYR1.47M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Russia was explained primarily by an increase in product exports in Computers (MYR43M or 984%), Ball Bearings (MYR20.9M or 61%), and Surveying Equipment (MYR1.48M or 377%). In August 2024, the increase in Malaysia's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Coal Briquettes (MYR228M or 16.7k%), Refined Petroleum (MYR148M or 85.9%), and Spice Seeds (MYR143k or 186%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR90.5M(40.3%)
IMPORT GROWTH (August 2023 - August 2024)MYR16.2M(4.98%)

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 Russia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $545M to Russia. The main products exported from Malaysia to Russia were Ball Bearings ($120M), Rubber Apparel ($63.9M), and Cocoa Butter ($30M). During the last 5 years the exports of Malaysia to Russia have decreased at an annualized rate of 11.6%, from $1.01B in 2017 to $545M in 2022.

In 2017, Russia exported $2.01B to Malaysia. The main products exported from Russia to Malaysia were Refined Petroleum ($1.01B), Coal Briquettes ($489M), and Crude Petroleum ($171M). During the last 5 years the exports of Russia to Malaysia have increased at an annualized rate of 15.5%, from $976M in 2022 to $2.01B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Russia
Top DestinationChina$101B

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

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

In 2022, countries that imported more from Russia than Malaysia included China ($101B), India ($40.4B), and Italy ($25.1B).

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

Comparative Advantage Malaysia - Russia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Russia in the exports of Machines ($213M), Plastics and Rubbers ($95M), and Chemical Products ($81.9M).

During 2017, Russia had a large net trade with Malaysia in the exports of Mineral Products ($1.68B), Chemical Products ($178M), and Metals ($79.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Russia+$24.5MRefined Petroleum
Top Product Potential Russia Malaysia+$425MRefined 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 2020, Russia exported services to Malaysia worth $46.4M, with Other business services ($26.6M), Transportation ($4.3M), and Travel ($3.95M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Malaysia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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