NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $11.4BRnk 10 / 221
2023
Flag → Flag
Top Product $4.35BIntegrated Circuits
2023
Flag → Flag
Exports $6.01BRnk 14 / 142
2023
Flag → Flag
Top Product $940MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Malaysia-Vietnam Trade: In 2023, Malaysia exported $11.4B to Vietnam. The main products that Malaysia exported to Vietnam were Integrated Circuits ($4.35B), Refined Petroleum ($1.64B), and Palm Oil ($391M). Over the past 5 years the exports of Malaysia to Vietnam have increased at an annualized rate of 7.31%, from $8.01B in 2018 to $11.4B in 2023.

In 2023, Malaysia did not export any services to Vietnam.

Vietnam-Malaysia Trade: In 2023, Vietnam exported $6.01B to Malaysia. The main products that Vietnam exported to Malaysia were Integrated Circuits ($940M), Disc Chemicals for Electronics ($507M), and Broadcasting Equipment ($444M). Over the past 5 years the exports of Vietnam to Malaysia have increased at an annualized rate of 3.86%,  from $4.97B in 2018 to $6.01B in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR3.74B and imported MYR2.38B from Vietnam, resulting in a positive trade balance of MYR1.36B. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-1.65B (-30.6%) from MYR5.38B to MYR3.74B, while imports increased by MYR102M (4.51%) from MYR2.27B to MYR2.38B.

Trade In November 2024, the top exports of Malaysia to Vietnam were Integrated Circuits (MYR1.51B), Refined Petroleum (MYR910M), Air Conditioners (MYR141M), Iron Ore (MYR90.7M), and Oscilloscopes (MYR74.2M). In November 2024 the top imports of Malaysia from Vietnam were Integrated Circuits (MYR231M), Disc Chemicals for Electronics (MYR162M), Telephones (MYR89.6M), Computers (MYR83.2M), and Petroleum Gas (MYR66.5M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Palm Oil (MYR-277M or -90%), Rare-Earth Metal Compounds (MYR-109M or -68%), and Computers (MYR-70.4M or -64.4%). In November 2024, the increase in Malaysia's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Disc Chemicals for Electronics (MYR128M or 368%), Petroleum Gas (MYR66.2M or 21.7k%), and Blank Audio Media (MYR40.2M or 786%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-1.65B(-30.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR102M(4.51%)

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 Vietnam and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $11.4B to Vietnam. The main products exported from Malaysia to Vietnam were Integrated Circuits ($4.35B), Refined Petroleum ($1.64B), and Palm Oil ($391M). During the last 5 years the exports of Malaysia to Vietnam have increased at an annualized rate of 7.31%, from $8.01B in 2018 to $11.4B in 2023.

In 2018, Vietnam exported $6.01B to Malaysia. The main products exported from Vietnam to Malaysia were Integrated Circuits ($940M), Disc Chemicals for Electronics ($507M), and Broadcasting Equipment ($444M). During the last 5 years the exports of Vietnam to Malaysia have increased at an annualized rate of 3.86%, from $4.97B in 2023 to $6.01B in 2018.

Exports from Malaysia (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Malaysia than Vietnam included Singapore ($47.3B), South Korea ($12.2B), and Australia ($12.6B).

In 2023, countries that imported more from Vietnam than Malaysia included United States ($118B), United Arab Emirates ($11B), and Canada ($9.81B).

Difference in imports from Vietnam (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Vietnam

Flow
Scale

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

During 2023, Malaysia had a large net trade with Vietnam in the exports of Machines ($5.88B), Mineral Products ($2.05B), and Metals ($660M).

During 2018, Vietnam had a large net trade with Malaysia in the exports of Machines ($2.31B), Chemical Products ($738M), and Metals ($704M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Vietnam+$643MIntegrated Circuits
Top Product Potential Vietnam Malaysia+$388MIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Malaysia (Flag) and Vietnam (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms