Overview In 2020 Malaysia was the number 37 economy in the world in terms of GDP (current US$), the number 20 in total exports, the number 25 in total imports, the number 69 economy in terms of GDP per capita (current US$) and the number 25 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Malaysia are Integrated Circuits ($65B), Refined Petroleum ($15.9B), Palm Oil ($10.6B), Semiconductor Devices ($8.67B), and Rubber Apparel ($8.25B), exporting mostly to China ($38.7B), Singapore ($36.5B), United States ($33.8B), Hong Kong ($18.2B), and Japan ($15.6B).

In 2020, Malaysia was the world's biggest exporter of Rubber Apparel ($8.25B), Hot-Rolled Iron Bars ($1.33B), Other Vegetable Oils ($1.09B), Copper Powder ($400M), and Platinum Clad Metals ($102M)

Imports The top imports of Malaysia are Integrated Circuits ($27.8B), Refined Petroleum ($13.4B), Crude Petroleum ($4.75B), Special Purpose Ships ($4.39B), and Broadcasting Equipment ($3.43B), importing mostly from China ($51.5B), Singapore ($22.9B), United States ($12.4B), Japan ($12.1B), and South Korea ($11.6B).

In 2020, Malaysia was the world's biggest importer of Special Purpose Ships ($4.39B), Tin Ores ($321M), Scrap Plastic ($261M), and Processed Mushrooms ($171M)

Historical Data

#permalink to section
Flow
Value
Depth

Top Export (2020): Integrated Circuits, $65B

Top Destination (2020): China, $51.5B

In 2020, Malaysia exported a total of $266B, making it the number 20 exporter in the world. During the last five reported years the exports of Malaysia have changed by $39.9B from $226B in 2015 to $266B in 2020.

The most recent exports are led by Integrated Circuits ($65B), Refined Petroleum ($15.9B), Palm Oil ($10.6B), Semiconductor Devices ($8.67B), and Rubber Apparel ($8.25B). The most common destination for the exports of Malaysia are China ($38.7B), Singapore ($36.5B), United States ($33.8B), Hong Kong ($18.2B), and Japan ($15.6B).

Explore Visualizations

Flow
View

Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Malaysia has a high level of specialization in Rubber Apparel (31.2), Copper Powder (26.2), Other Vegetable Oils (20.5), Palm Oil (19.5), and Rubber Thread (14.3). Specialization is measured using RCA, an index that takes the ratio between Malaysia observed and expected exports in each product.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Malaysia according to the relatedness index, are Pearls (0.23), Electrical Parts (0.22), Printed Circuit Boards (0.22), Nickel Mattes (0.22), and Mirrors and Lenses (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.

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

#permalink to section

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.

Diversification Frontier

#permalink to section
Filter
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.

Economic Complexity Ranking

#permalink to section
Scale
Compare with

During the last 20 years Malaysia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨54th to the 25th⁩ 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