2023
Flag  
GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP
$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH
63.1%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC 
$11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC
$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 92 / 195

About

Malaysia-Senegal Trade: In 2023, Malaysia exported $187M to Senegal. The main products that Malaysia exported to Senegal were Palm Oil ($67.6M), Malt Extract ($63M), and Valves ($13.3M). Over the past 5 years the exports of Malaysia to Senegal have increased at an annualized rate of 16.2%, from $88.4M in 2018 to $187M in 2023.

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

Senegal-Malaysia Trade: In 2023, Senegal exported $6.62M to Malaysia. The main products that Senegal exported to Malaysia were Jewellery ($1.41M), Titanium Ore ($935k), and Niobium, Tantalum, Vanadium and Zirconium Ore ($824k). Over the past 5 years the exports of Senegal to Malaysia have increased at an annualized rate of 16%,  from $3.15M in 2018 to $6.62M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $187M to Senegal. The main products exported from Malaysia to Senegal were Palm Oil ($67.6M), Malt Extract ($63M), and Valves ($13.3M). During the last 5 years the exports of Malaysia to Senegal have increased at an annualized rate of 16.2%, from $88.4M in 2018 to $187M in 2023.

In 2018, Senegal exported $6.62M to Malaysia. The main products exported from Senegal to Malaysia were Jewellery ($1.41M), Titanium Ore ($935k), and Niobium, Tantalum, Vanadium and Zirconium Ore ($824k). During the last 5 years the exports of Senegal to Malaysia have increased at an annualized rate of 16%, from $3.15M in 2023 to $6.62M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
China$79.8B
Senegal
Top Destination
Mali$1.22B

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

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

In 2023, countries that imported more from Senegal than Malaysia included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

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

Comparative Advantage Malaysia - Senegal

Flow
Scale

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

During 2023, Malaysia had a large net trade with Senegal in the exports of Animal and Vegetable Bi-Products ($74.7M), Foodstuffs ($63.6M), and Machines ($18.1M).

During 2018, Senegal had a large net trade with Malaysia in the exports of Mineral Products ($1.76M), Plastics and Rubbers ($1.54M), and Precious Metals ($1.41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Senegal+$13.8MRefined Petroleum
Top Product Potential Senegal Malaysia+$663kTitanium Ore

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

Product Space of Malaysia (Flag) and Senegal (Flag) (2023)

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