Vietnam (VNM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Vietnam-Malaysia Trade: In 2022, Vietnam exported $5.93B to Malaysia. The main products that Vietnam exported to Malaysia were Integrated Circuits ($768M), Broadcasting Equipment ($360M), and Hot-Rolled Iron ($355M). Over the past 5 years the exports of Vietnam to Malaysia have increased at an annualized rate of 4.86%, from $4.68B in 2017 to $5.93B in 2022.

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

Malaysia-Vietnam Trade: In 2022, Malaysia exported $11.5B to Vietnam. The main products that Malaysia exported to Vietnam were Integrated Circuits ($3.28B), Refined Petroleum ($1.3B), and Semiconductor Devices ($509M). Over the past 5 years the exports of Malaysia to Vietnam have increased at an annualized rate of 11.2%, from $6.78B in 2017 to $11.5B in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $5.93B to Malaysia. The main products exported from Vietnam to Malaysia were Integrated Circuits ($768M), Broadcasting Equipment ($360M), and Hot-Rolled Iron ($355M). During the last 5 years the exports of Vietnam to Malaysia have increased at an annualized rate of 4.86%, from $4.68B in 2017 to $5.93B in 2022.

In 2017, Malaysia exported $11.5B to Vietnam. The main products exported from Malaysia to Vietnam were Integrated Circuits ($3.28B), Refined Petroleum ($1.3B), and Semiconductor Devices ($509M). During the last 5 years the exports of Malaysia to Vietnam have increased at an annualized rate of 11.2%, from $6.78B in 2022 to $11.5B in 2017.

Exports from Vietnam () to Malaysia () (2022)

Exports from Malaysia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Vietnam than Malaysia included United States ($117B), South Korea ($25.2B), and China ($58.7B).

In 2022, countries that imported more from Malaysia than Vietnam included Singapore ($53.8B), Hong Kong ($21.7B), and Indonesia ($12.5B).

Difference in imports from Malaysia () and Vietnam () (2022)

Comparative Advantage Vietnam - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Malaysia in the exports of Machines ($2.28B), Metals ($803M), and Chemical Products ($575M).

During 2017, Malaysia had a large net trade with Vietnam in the exports of Machines ($5.37B), Mineral Products ($1.85B), and Chemical Products ($837M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Malaysia+$388MIntegrated Circuits

Top Product Potential Malaysia Vietnam+$643MIntegrated 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Malaysia () (2022)

Exports from Malaysia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Malaysia ()

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Vietnam () (2022)

Comparative Advantage Vietnam - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Malaysia () (2022)

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