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2022
Flag → Flag
Exports $53.8BRnk 1 / 218
2022
Flag → Flag
Top Product $17.8BIntegrated Circuits
2022
Flag → Flag
Exports $35.9BRnk 3 / 215
2022
Flag → Flag
Top Product $11.2BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Malaysia-Singapore Trade: In 2022, Malaysia exported $53.8B to Singapore. The main products that Malaysia exported to Singapore were Integrated Circuits ($17.8B), Refined Petroleum ($10.1B), and Machinery Having Individual Functions ($2.77B). Over the past 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 6.07%, from $40.1B in 2017 to $53.8B in 2022.

In 2010, Malaysia exported services to Singapore worth $10.7B, with Travel ($9.17B), Other business services ($868M), and Transportation ($362M) being the largest in terms of value.

Singapore-Malaysia Trade: In 2022, Singapore exported $35.9B to Malaysia. The main products that Singapore exported to Malaysia were Refined Petroleum ($11.2B), Integrated Circuits ($7.78B), and Gold ($1.16B). Over the past 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 0.91%,  from $34.3B in 2017 to $35.9B in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR18.9B and imported MYR13.1B from Singapore, resulting in a positive trade balance of MYR5.75B. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR2.08B (12.4%) from MYR16.8B to MYR18.9B, while imports increased by MYR549M (4.37%) from MYR12.6B to MYR13.1B.

Trade In August 2024, the top exports of Malaysia to Singapore were Integrated Circuits (MYR7.28B), Refined Petroleum (MYR2.44B), Semiconductor Devices (MYR447M), Machines and apparatus of a kind... (MYR440M), and Office Machine Parts (MYR437M). In August 2024 the top imports of Malaysia from Singapore were Refined Petroleum (MYR2.94B), Integrated Circuits (MYR1.69B), Gold (MYR343M), Low-voltage Protection Equipment (MYR235M), and Other Measuring Instruments (MYR166M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Singapore was explained primarily by an increase in product exports in Integrated Circuits (MYR1.49B or 25.7%), Refined Petroleum (MYR1.23B or 101%), and Office Machine Parts (MYR280M or 179%). In August 2024, the increase in Malaysia's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Refined Petroleum (MYR653M or 28.6%), Low-voltage Protection Equipment (MYR142M or 151%), and Other Measuring Instruments (MYR95.9M or 136%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR2.08B(12.4%)
IMPORT GROWTH (August 2023 - August 2024)MYR549M(4.37%)

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 Singapore and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $53.8B to Singapore. The main products exported from Malaysia to Singapore were Integrated Circuits ($17.8B), Refined Petroleum ($10.1B), and Machinery Having Individual Functions ($2.77B). During the last 5 years the exports of Malaysia to Singapore have increased at an annualized rate of 6.07%, from $40.1B in 2017 to $53.8B in 2022.

In 2017, Singapore exported $35.9B to Malaysia. The main products exported from Singapore to Malaysia were Refined Petroleum ($11.2B), Integrated Circuits ($7.78B), and Gold ($1.16B). During the last 5 years the exports of Singapore to Malaysia have increased at an annualized rate of 0.91%, from $34.3B in 2022 to $35.9B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Malaysia than Singapore included United States ($44.2B), Japan ($23.6B), and Mexico ($6.68B).

In 2022, countries that imported more from Singapore than Malaysia included Hong Kong ($51.6B), Indonesia ($22.5B), and Cambodia ($8.2B).

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

Comparative Advantage Malaysia - Singapore

Flow
Scale

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

During 2022, Malaysia had a large net trade with Singapore in the exports of Machines ($29B), Mineral Products ($11.4B), and Instruments ($2.11B).

During 2017, Singapore had a large net trade with Malaysia in the exports of Machines ($14.9B), Mineral Products ($11.6B), and Chemical Products ($1.79B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Singapore+$850MIntegrated Circuits
Top Product Potential Singapore Malaysia+$1.34BIntegrated 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 Singapore. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Malaysia.

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

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