Gold in Malaysia | The Observatory of Economic Complexity

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Exports In 2023, Malaysia exported $1.17B in Gold, making it the 58th largest exporter of Gold in the world. At the same year, Gold was the 39th most exported product in Malaysia. The main destination of Gold exports from Malaysia are: Singapore ($361M), Switzerland ($224M), Thailand ($150M), Bangladesh ($128M), and Japan ($77.6M).

The fastest growing export markets for Gold of Malaysia between 2022 and 2023 were Singapore ($335M), Switzerland ($127M), and Bangladesh ($90.8M).

Imports In 2023, Malaysia imported $2.85B in Gold, becoming the 17th largest importer of Gold in the world. At the same year, Gold was the 11th most imported product in Malaysia. Malaysia imports Gold primarily from: Singapore ($1.3B), United Arab Emirates ($648M), Switzerland ($378M), Australia ($186M), and Hong Kong ($109M).

The fastest growing import markets in Gold for Malaysia between 2022 and 2023 were United Arab Emirates ($150M), Turkey ($31.6M), and Switzerland ($28.6M).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Gold exports accounted up to MYR459M and imports accounted up to MYR1.48B, resulting in a negative trade balance of MYR1.02B. Between November 2023 and November 2024 the exports of Malaysia's Gold have increased by MYR167M (56.9%) from MYR293M to MYR459M, while imports increased by MYR519M (53.8%) from MYR965M to MYR1.48B.

Destinations In November 2024, Gold were exported mostly to Hong Kong (MYR176M), United Arab Emirates (MYR75.2M), Bangladesh (MYR68.6M), Switzerland (MYR64.8M), and Singapore (MYR26.3M), and were imported mostly from Singapore (MYR547M), United Arab Emirates (MYR381M), Switzerland (MYR372M), Hong Kong (MYR73.5M), and China (MYR28.7M).

Growth In November 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Bangladesh (MYR22.2M or 122%), Switzerland (MYR12.5M or 125%), and Singapore (MYR6.85M or 244%). In November 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Australia (MYR17.7M or 203%), United States (MYR6.93M or 108%), and Switzerland (MYR3.61M or 1.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)MYR167M(56.9%)

IMPORT GROWTH (November 2023 - November 2024)MYR519M(53.8%)

MAIN DESTINATION (November 2024)Hong KongMYR176M

This section shows Gold's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.17B

IMPORTS (2023)$2.85B

NET TRADE (2023)-$1.68B

In 2023, Malaysia exported $1.17B in Gold. The main destinations of Malaysia exports on Gold were Singapore ($361M), Switzerland ($224M), Thailand ($150M), Bangladesh ($128M), and Japan ($77.6M).

In 2023, Malaysia imported $2.85B in Gold, mainly from Singapore ($1.3B), United Arab Emirates ($648M), Switzerland ($378M), Australia ($186M), and Hong Kong ($109M).

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