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Pricing

2022
Flag → Flag
Exports $126MRnk 92 / 218
2022
Flag → Flag
Top Product $96.2MPalm Oil
2022
Flag → Flag
Exports $2.37kRnk 75 / 95
2022
Flag → Flag
Top Product $2.37kIron Fasteners
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 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$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Malaysia-Somalia Trade: In 2022, Malaysia exported $126M to Somalia. The main products that Malaysia exported to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). Over the past 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2017 to $126M in 2022.

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

Somalia-Malaysia Trade: In 2022, Somalia exported $2.37k to Malaysia. The main products that Somalia exported to Malaysia were Iron Fasteners ($2.37k). Over the past 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%,  from $26.9k in 2017 to $2.37k in 2022.

In 2022, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR41.4M and imported MYR20.2k from Somalia, resulting in a positive trade balance of MYR41.4M. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR2.81M (7.27%) from MYR38.6M to MYR41.4M, while imports increased by MYR16.2k (411%) from MYR3.95k to MYR20.2k.

Trade In September 2024, the top exports of Malaysia to Somalia were Palm Oil (MYR18.7M), Concentrated Milk (MYR6.29M), Aircraft parts including unmanned craft (MYR745k), Coconut Oil (MYR697k), and Plastic Floor Coverings (MYR490k). In September 2024 the top imports of Malaysia from Somalia were Non-Knit Women's Suits (MYR2k), Knit Babies' Garments (MYR500), and Non-Knit Active Wear (MYR500).

Growth In September 2024, the increase in Malaysia's year-by-year exports to Somalia was explained primarily by an increase in product exports in Concentrated Milk (MYR2.67M or 73.8%). In September 2024, the increase in Malaysia's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR2.81M(7.27%)
IMPORT GROWTH (September 2023 - September 2024)MYR16.2k(411%)

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 Somalia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $126M to Somalia. The main products exported from Malaysia to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). During the last 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2017 to $126M in 2022.

In 2017, Somalia exported $2.37k to Malaysia. The main products exported from Somalia to Malaysia were Iron Fasteners ($2.37k). During the last 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%, from $26.9k in 2022 to $2.37k in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationN/AN/A
Somalia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Malaysia - Somalia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($102M), Animal Products ($15.2M), and Chemical Products ($3.64M).

During 2017, Somalia had a large net trade with Malaysia in the exports of Metals ($2.37k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Somalia+$457kPlywood
Top Product Potential Somalia Malaysia+$5.31kGold

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

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

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