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2023
Economic Complexity
Trade 1.04Rank 27 of 132
2021
Economic Complexity
Technology 0.59Rank 38 of 96
2022
Economic Complexity
Research -0.53Rank 87 of 140
2023
Product
Exports | Imports $383B | $273B19 of 226 |  25 of 226
2023
Per Capita Product
Exports | Imports $10.9k | $7.78k37 of 220 |  82 of 220

About

Overview In 2023, Malaysia was the number 37 economy in the world in terms of GDP (current US$), the number 19 in total exports, the number 25 in total imports, the number 85 economy in terms of GDP per capita (current US$) and the number 27 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Malaysia are Integrated Circuits ($79.3B), Refined Petroleum ($41B), Crude Petroleum ($27.8B), Petroleum Gas ($17.1B), and Palm Oil ($14B), exporting mostly to China ($79.8B), Singapore ($47.3B), United States ($44.9B), Japan ($19.3B), and Hong Kong ($19.3B).

In 2023, Malaysia was the world's biggest exporter of Oscilloscopes ($5.78B), Rubber Apparel ($3B), Copper Powder ($550M), Platinum Clad Metals ($136M), and Incomplete Movement Sets ($128M)

Imports The top imports of Malaysia are Integrated Circuits ($39.6B), Refined Petroleum ($28.8B), Crude Petroleum ($15.1B), Coal Briquettes ($5.12B), and Broadcasting Equipment ($4.94B), importing mostly from China ($65.5B), Singapore ($31.4B), United States ($18.9B), Japan ($14.9B), and Chinese Taipei ($14.8B).

In 2023, Malaysia was the world's biggest importer of Aluminium Powder ($247M), Scrap Tin ($32.5M), and Non-powered Aircraft ($18.2M)

Location Malaysia borders Brunei, Indonesia, and Thailand by land and Philippines, Singapore, and Vietnam by sea.

Latest Trends

November, 2024

About

Overview In November 2024 Malaysia exported MYR127B and imported MYR111B, resulting in a positive trade balance of MYR15.3B. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR4.83B (3.97%) from MYR122B to MYR127B, while imports increased by MYR1.78B (1.62%) from MYR110B to MYR111B.

Trade In November 2024, the top exports of Malaysia were Integrated Circuits (MYR30.6B), Refined Petroleum (MYR8.19B), Petroleum Gas (MYR6.12B), Palm Oil (MYR5.82B), and Computers (MYR4.37B). In November 2024 the top imports of Malaysia were Integrated Circuits (MYR22.8B), Refined Petroleum (MYR8.35B), Crude Petroleum (MYR4.28B), Telephones (MYR2.64B), and Computers (MYR1.99B).

Destinations In November 2024, Malaysia exported mostly to United States (MYR20.3B), Singapore (MYR18B), China (MYR15.2B), Hong Kong (MYR7.16B), and Japan (MYR6.72B), and imported mostly from China (MYR26.1B), Singapore (MYR13.6B), United States (MYR9.37B), Chinese Taipei (MYR8.79B), and Japan (MYR5.29B).

Growth In November 2024, the increase in Malaysia's year-by-year exports was explained primarily by an increase in exports to United States (MYR7.39B or 57.3%), Chinese Taipei (MYR2.46B or 70.2%), and Kenya (MYR645M or 177%), and product exports increase in Integrated Circuits (MYR4.89B or 19%), Blank Audio Media (MYR2.34B or 120%), and Computers (MYR1.56B or 55.4%). In November 2024, the increase in Malaysia's year-by-year imports was explained primarily by an increase in imports from China (MYR2.33B or 9.81%), Chinese Taipei (MYR2.12B or 31.8%), and Mexico (MYR784M or 361%), and product imports increase in Integrated Circuits (MYR5.17B or 29.4%), Office Machine Parts (MYR1.08B or 125%), and Insulated Wire (MYR655M or 135%).

Latest Trade

Time Scale
Flow
Color
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR4.83B(3.97%)
IMPORT GROWTH (November 2023 - November 2024)MYR1.78B(1.62%)
MAIN DESTINATION (November 2024)United StatesMYR20.3B

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

For full datasets download visit Bulk Download page.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Integrated Circuits$79.3B
Top Destination (2023)China$79.8B

In 2023, Malaysia exported a total of $383B, making it the number 19 exporter in the world. During the last five reported years the exports of Malaysia have changed by $55.2B from $328B in 2018 to $383B in 2023.

The most recent exports are led by Integrated Circuits ($79.3B), Refined Petroleum ($41B), Crude Petroleum ($27.8B), Petroleum Gas ($17.1B), and Palm Oil ($14B). The most common destination for the exports of Malaysia are China ($79.8B), Singapore ($47.3B), United States ($44.9B), Japan ($19.3B), and Hong Kong ($19.3B).

Explore Visualizations

Exports (2023)
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Destinations (2023)
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Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Vietnam$1.59B (+ 16.2%)
New Zealand$388M (+ 23.9%)
Israel$342M (+ 3.2k%)
Fastest Growing Import Markets (2022 - 2023)
Saudi Arabia$763M (+ 8.65%)
Angola$673M (+ 727%)
Brazil$583M (+ 16.1%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
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Service Trade

Service Trade

Malaysia Exports Services (2019)$37.6B
Malaysia Imports Services (2019)$42.9B

In 2019, Malaysia exported $37.6B worth of services. The top services exported by Malaysia in 2019 were Personal travel ($17.8B), Other business services ($7.06B), Transportation ($5.23B), Computer and information services ($2.99B), and Business travel ($1.97B).

The top services imported by Malaysia in 2019 were Transportation ($11.5B), Personal travel ($10.1B), Other business services ($7.92B), Computer and information services ($3.53B), and Insurance services ($2.34B).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)1.04Rank 27 of 132
Economic Complexity (Technology)0.59Rank 38 of 96
Economic Complexity (Research)-0.53Rank 87 of 140

Most Specialized Products by RCA Index

Malaysia has a high level of specialization in N/A. Specialization is measured using RCA, an index that takes the ratio between Malaysia observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Malaysia according to the product complexity index (PCI) are N/A. PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Malaysia according to the relatedness index, were Pearls (0.24), Cocoa Shells (0.22), Base Metal Watches (0.21), Cyclic Hydrocarbons (0.21), and Printed Circuit Boards (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Malaysia is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Malaysia. These are products that tend to be co-exported with the products that Malaysia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Malaysia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨35th to the 27th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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