Trade Trend

In 2023, Malaysia's total export value is 312.69Billion USD, total import value is 265.62Billion USD, Surplus is 47.07Billion USD, and foreign trade dependency is 1.447. In 2023，Malaysia's top export products are Electronic integrated circuits(74.76Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(29.39Billion USD), Petroleum gases and other gaseous hydrocarbons(14.61Billion USD), top export destinations are Singapore(48.16Billion USD), China(42.13Billion USD), United States(35.36Billion USD). In 2023, Malaysia's top import products are Electronic integrated circuits(43.94Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(28.56Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(13.51Billion USD), top import origins are China(56.71Billion USD), Singapore(31.47Billion USD), United States(19.49Billion USD).

Comparing to 2022, Malaysia's total export value decreased -39.77Billion USD(-11.28%) in 2023, this could result from its export decreases of products such as Palm oil and its fractions; whether or not refined, but not chemically modified(-5.11Billion USD or -30.05%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-4.79Billion USD or -14.02%), Electronic integrated circuits(-3.66Billion USD or -4.67%) and export decreases to countries/economics such as China(-5.73Billion USD or -11.98%), Singapore(-4.60Billion USD or -8.72%), Japan(-3.48Billion USD or -15.59%). Comparing to 2022, Malaysia's total import value decreased -28.77Billion USD(-9.77%) in 2023, this could result from its import decreases of products such as Electronic integrated circuits(-9.64Billion USD or -18.00%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-3.13Billion USD or -9.89%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-1.77Billion USD or -25.34%), and its import decreases from countries/economies such as China(-6.09Billion USD or -9.70%), Taiwan CN(-5.65Billion USD or -23.49%), Indonesia(-3.64Billion USD or -21.56%).

Cumulated to first 7 months of 2024, Malaysia's total export value is 123.29Billion USD, total import value is 109.51Billion USD, and tradesurplus is 13.78Billion USD. Cumulated to first 7 months of 2024, Malaysia's top export products are Electronic integrated circuits(25.77Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(10.47Billion USD), Petroleum gases and other gaseous hydrocarbons(6.49Billion USD), and top export destinations are China(22.06Billion USD), United States(16.09Billion USD), Singapore(14.92Billion USD). Cumulated to first 7 months of 2024, Malaysia's top import products are Electronic integrated circuits(25.77Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(10.47Billion USD), Petroleum gases and other gaseous hydrocarbons(6.49Billion USD), and top import origins areChina(28.08Billion USD), Singapore(11.43Billion USD), United States(9.35Billion USD).