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2023
Flag → Flag
Exports $16MRnk 149 / 221
2023
Flag → Flag
Top Product $10.9MMalt Extract
2023
Flag → Flag
Exports $1.94MRnk 23 / 124
2023
Flag → Flag
Top Product $715kPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$6.41BCURRENT US$
Rnk 158 / 195
2013-2023
Flag
GDP GROWTH-16.7%CURRENT US$
Rnk 188 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$758CURRENT US$
Rnk 185 / 196
2013-2023
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GDP PC GROWTH-33.9%CURRENT US$
Rnk 189 / 195

About

Malaysia-Sierra Leone Trade: In 2023, Malaysia exported $16M to Sierra Leone. The main products that Malaysia exported to Sierra Leone were Malt Extract ($10.9M), Palm Oil ($1.45M), and Concentrated Milk ($953k). Over the past 5 years the exports of Malaysia to Sierra Leone have decreased at an annualized rate of 7.58%, from $23.7M in 2018 to $16M in 2023.

In 2023, Malaysia did not export any services to Sierra Leone.

Sierra Leone-Malaysia Trade: In 2023, Sierra Leone exported $1.94M to Malaysia. The main products that Sierra Leone exported to Malaysia were Packaged Medicaments ($715k), Molluscs ($479k), and Cocoa Beans ($362k). Over the past 5 years the exports of Sierra Leone to Malaysia have increased at an annualized rate of 54.4%,  from $221k in 2018 to $1.94M in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR8.5M and imported MYR153k from Sierra Leone, resulting in a positive trade balance of MYR8.34M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR3.13M (58.2%) from MYR5.37M to MYR8.5M, while imports decreased by MYR-346k (-69.3%) from MYR500k to MYR153k.

Trade In November 2024, the top exports of Malaysia to Sierra Leone were Malt Extract (MYR4.77M), Palm Oil (MYR1.55M), Concentrated Milk (MYR308k), Machinery Having Individual Functions (MYR202k), and Plastic Lids (MYR152k). In November 2024 the top imports of Malaysia from Sierra Leone were Palm Oil (MYR976k), Molluscs (MYR223k), Knit T-shirts (MYR35.8k), Electrical Ignitions (MYR3.82k), and Hydrogen (MYR1.6k).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Sierra Leone was explained primarily by an increase in product exports in Malt Extract (MYR4.01M or 531%), Concentrated Milk (MYR131k or 74%), and Machinery Having Individual Functions (MYR128k or 171%). In October 2024, the decrease in Malaysia's year-by-year imports  from Sierra Leone was explained primarily by an decrease in product imports  in Molluscs (MYR-114k or -33.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR3.13M(58.2%)
IMPORT GROWTH (October 2023 - October 2024)MYR-346k(-69.3%)

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 Sierra Leone and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sierra Leone and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $16M to Sierra Leone. The main products exported from Malaysia to Sierra Leone were Malt Extract ($10.9M), Palm Oil ($1.45M), and Concentrated Milk ($953k). During the last 5 years the exports of Malaysia to Sierra Leone have decreased at an annualized rate of 7.58%, from $23.7M in 2018 to $16M in 2023.

In 2018, Sierra Leone exported $1.94M to Malaysia. The main products exported from Sierra Leone to Malaysia were Packaged Medicaments ($715k), Molluscs ($479k), and Cocoa Beans ($362k). During the last 5 years the exports of Sierra Leone to Malaysia have increased at an annualized rate of 54.4%, from $221k in 2023 to $1.94M in 2018.

Exports from Malaysia (Flag) to Sierra Leone (Flag) (2023)

Exports from Sierra Leone (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Sierra Leone
Top DestinationChina$1.03B

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

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

In 2023, no countries were registered that imported more from Sierra Leone than from Malaysia.

Difference in imports from Sierra Leone (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Sierra Leone

Flow
Scale

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

During 2023, Malaysia had a large net trade with Sierra Leone in the exports of Foodstuffs ($11.3M), Animal and Vegetable Bi-Products ($1.62M), and Plastics and Rubbers ($1.24M).

During 2018, Sierra Leone had a large net trade with Malaysia in the exports of Chemical Products ($715k), Animal Products ($479k), and Foodstuffs ($372k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Sierra Leone+$517kPalm Oil
Top Product Potential Sierra Leone Malaysia+$973kPalm Oil

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

Product Space of Malaysia (Flag) and Sierra Leone (Flag) (2023)

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