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Pricing

2022
Flag → Flag
Exports $10.7MRnk 155 / 218
2022
Flag → Flag
Top Product $3.56MRubber Apparel
2022
Flag → Flag
Exports $24.3MRnk 22 / 126
2022
Flag → Flag
Top Product $4.39MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Malaysia-Venezuela Trade: In 2022, Malaysia exported $10.7M to Venezuela. The main products that Malaysia exported to Venezuela were Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). Over the past 5 years the exports of Malaysia to Venezuela have increased at an annualized rate of 7.61%, from $7.45M in 2017 to $10.7M in 2022.

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

Venezuela-Malaysia Trade: In 2022, Venezuela exported $24.3M to Malaysia. The main products that Venezuela exported to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). Over the past 5 years the exports of Venezuela to Malaysia have decreased at an annualized rate of 40.1%,  from $315M in 2017 to $24.3M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

June, 2024

About

Overview In June 2024, Malaysia exported MYR5.22M and imported MYR12.1M from Venezuela, resulting in a negative trade balance of MYR6.9M. Between June 2023 and June 2024 the exports of Malaysia have increased by MYR2.42M (86.6%) from MYR2.8M to MYR5.22M, while imports decreased by MYR-19.3M (-61.4%) from MYR31.4M to MYR12.1M.

Trade In June 2024, the top exports of Malaysia to Venezuela were Rubber Apparel (MYR603k), Electric Heaters (MYR594k), Large Flat-Rolled Stainless Steel (MYR394k), Industrial Fatty Acids, Oils and Alcohols (MYR160k), and Margarine (MYR108k). In June 2024 the top imports of Malaysia from Venezuela were Copper Powder (MYR13.4M), Broadcasting Accessories (MYR2.5M), Raw Aluminium (MYR2.47M), Copper Foil (MYR983k), and Aluminium Powder (MYR863k).

Growth In June 2024, the increase in Malaysia's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Industrial Fatty Acids, Oils and Alcohols (MYR4.38k or 2.82%). In June 2024, the decrease in Malaysia's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish (MYR-305k or -29.1%) and Electrical Transformers (MYR-10.3k or -84.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)MYR2.42M(86.6%)
IMPORT GROWTH (June 2023 - June 2024)MYR-19.3M(-61.4%)

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 Venezuela and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $10.7M to Venezuela. The main products exported from Malaysia to Venezuela were Rubber Apparel ($3.56M), Electric Heaters ($1.98M), and Large Flat-Rolled Stainless Steel ($772k). During the last 5 years the exports of Malaysia to Venezuela have increased at an annualized rate of 7.61%, from $7.45M in 2017 to $10.7M in 2022.

In 2017, Venezuela exported $24.3M to Malaysia. The main products exported from Venezuela to Malaysia were Non-fillet Frozen Fish ($4.39M), Copper Powder ($4.35M), and Cocoa Beans ($4.21M). During the last 5 years the exports of Venezuela to Malaysia have decreased at an annualized rate of 40.1%, from $315M in 2022 to $24.3M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Malaysia than Venezuela included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Venezuela than Malaysia included Montenegro ($75.9M), Lebanon ($150M), and Guyana ($28.9M).

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

Comparative Advantage Malaysia - Venezuela

Flow
Scale

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

During 2022, Malaysia had a large net trade with Venezuela in the exports of Plastics and Rubbers ($4.54M), Machines ($2.63M), and Chemical Products ($964k).

During 2017, Venezuela had a large net trade with Malaysia in the exports of Metals ($11.5M), Animal Products ($4.66M), and Foodstuffs ($4.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Venezuela+N/AN/A
Top Product Potential Venezuela Malaysia+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Venezuela. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Malaysia.

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

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