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2022
Flag → Flag
Exports $14.9BRnk 6 / 218
2022
Flag → Flag
Top Product $1.97BCrude Petroleum
2022
Flag → Flag
Exports $12.7BRnk 5 / 218
2022
Flag → Flag
Top Product $917MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Malaysia-Thailand Trade: In 2022, Malaysia exported $14.9B to Thailand. The main products that Malaysia exported to Thailand were Crude Petroleum ($1.97B), Integrated Circuits ($1.95B), and Petroleum Gas ($1.19B). Over the past 5 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.79%, from $11.8B in 2017 to $14.9B in 2022.

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

Thailand-Malaysia Trade: In 2022, Thailand exported $12.7B to Malaysia. The main products that Thailand exported to Malaysia were Refined Petroleum ($917M), Motor vehicles; parts and accessories (8701 to 8705) ($897M), and Integrated Circuits ($721M). Over the past 5 years the exports of Thailand to Malaysia have increased at an annualized rate of 3.36%,  from $10.7B in 2017 to $12.7B in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

September, 2024

About

Overview In September 2024, Malaysia exported MYR4.89B and imported MYR4.63B from Thailand, resulting in a positive trade balance of MYR254M. Between September 2023 and September 2024 the exports of Malaysia have increased by MYR180M (3.84%) from MYR4.71B to MYR4.89B, while imports decreased by MYR-120M (-2.52%) from MYR4.75B to MYR4.63B.

Trade In September 2024, the top exports of Malaysia to Thailand were Integrated Circuits (MYR1.26B), Crude Petroleum (MYR439M), Refined Petroleum (MYR360M), Petroleum Gas (MYR309M), and Blank Audio Media (MYR195M). In September 2024 the top imports of Malaysia from Thailand were Delivery Trucks (MYR467M), Motor vehicles; parts and accessories (8701... (MYR342M), Integrated Circuits (MYR314M), Rubber (MYR212M), and Computers (MYR131M).

Growth In September 2024, the increase in Malaysia's year-by-year exports to Thailand was explained primarily by an increase in product exports in Refined Petroleum (MYR286M or 383%), Crude Petroleum (MYR175M or 66.6%), and Integrated Circuits (MYR121M or 10.7%). In September 2024, the decrease in Malaysia's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Rubber (MYR-224M or -51.3%), Vaccines, blood, antisera, toxins and cultures (MYR-73.1M or -99.9%), and Coal Tar Oil (MYR-46M or -90%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)MYR180M(3.84%)
IMPORT GROWTH (September 2023 - September 2024)MYR-120M(-2.52%)

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 Thailand and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $14.9B to Thailand. The main products exported from Malaysia to Thailand were Crude Petroleum ($1.97B), Integrated Circuits ($1.95B), and Petroleum Gas ($1.19B). During the last 5 years the exports of Malaysia to Thailand have increased at an annualized rate of 4.79%, from $11.8B in 2017 to $14.9B in 2022.

In 2017, Thailand exported $12.7B to Malaysia. The main products exported from Thailand to Malaysia were Refined Petroleum ($917M), Motor vehicles; parts and accessories (8701 to 8705) ($897M), and Integrated Circuits ($721M). During the last 5 years the exports of Thailand to Malaysia have increased at an annualized rate of 3.36%, from $10.7B in 2022 to $12.7B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Malaysia than Thailand included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

In 2022, countries that imported more from Thailand than Malaysia included United States ($53.4B), Cambodia ($8.63B), and Laos ($4.5B).

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

Comparative Advantage Malaysia - Thailand

Flow
Scale

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

During 2022, Malaysia had a large net trade with Thailand in the exports of Machines ($5.09B), Mineral Products ($3.7B), and Chemical Products ($1.64B).

During 2017, Thailand had a large net trade with Malaysia in the exports of Machines ($3.31B), Transportation ($2.05B), and Plastics and Rubbers ($1.75B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Thailand+$813MCrude Petroleum
Top Product Potential Thailand Malaysia+$626MIntegrated 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 Thailand. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Malaysia.

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

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