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Malaysia Trade Summary

2020

Malaysia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MALAYSIA 2020

Overall Exports and Imports for Malaysia 2020

Exports and imports of Malaysia in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 234,050 million.
  • The total value of imports (CIF) was 190,405 million.
  • At the HS6 digit level, 4,032 products were exported to 218 countries and 4,412 products were imported from 205 countries.

Malaysia top 5 Export and Import partners 2020

Top five countries to which Malaysia exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Malaysia exports to China worth US$ 37,879 million, with a partner share of 16.18 percent.
  2. Malaysia exports to Singapore worth US$ 33,816 million, with a partner share of 14.45 percent.
  3. Malaysia exports to United States worth US$ 25,984 million, with a partner share of 11.10 percent.
  4. Malaysia exports to Hong Kong, China worth US$ 16,217 million, with a partner share of 6.93 percent.
  5. Malaysia exports to Japan worth US$ 14,883 million, with a partner share of 6.36 percent.

Top five countries from which Malaysia imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Malaysia imports from China worth US$ 40,965 million, with a partner share of 21.51 percent.
  2. Malaysia imports from Singapore worth US$ 17,526 million, with a partner share of 9.20 percent.
  3. Malaysia imports from United States worth US$ 16,594 million, with a partner share of 8.72 percent.
  4. Malaysia imports from Japan worth US$ 14,650 million, with a partner share of 7.69 percent.
  5. Malaysia imports from Other Asia, nes worth US$ 13,806 million, with a partner share of 7.25 percent.

Malaysia Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Malaysia along with trade value are:

  1. Malaysia exported Monolithic integrated circuits, digital , worth 45,123,433.10 (US$ Thousands).
  2. Malaysia exported Petroleum oils, etc, (excl. crude); preparation , worth 12,781,985.55 (US$ Thousands).
  3. Malaysia exported Gloves of vulcanized rubber (excl. surgical glo , worth 8,108,555.51 (US$ Thousands).
  4. Malaysia exported Natural gas, liquefied , worth 7,105,567.12 (US$ Thousands).
  5. Malaysia exported Palm oil (excl. crude) and liquid fractions , worth 6,846,355.29 (US$ Thousands).

The top five imported HS 6 digit level products from world by Malaysia along with trade value are

  1. Malaysia imported Monolithic integrated circuits, digital , worth 25,497,009.92 (US$ Thousands).
  2. Malaysia imported Petroleum oils, etc, (excl. crude); preparation , worth 13,379,416.13 (US$ Thousands).
  3. Malaysia imported Parts of electronic integrated circuits and mic , worth 7,928,631.51 (US$ Thousands).
  4. Malaysia imported Petroleum oils and oils obtained from bituminou , worth 4,600,947.55 (US$ Thousands).
  5. Malaysia imported Transmission apparatus, for radioteleph incorpo , worth 3,353,618.21 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Malaysia in 2020 are below

  • The maximum rate of tariff in percentage on any product was 1,221.48 percent.
  • The simple average tariff across all products was 5.65 percent.
  • The trade weighted average tariff was 3.60 .
  • The total duty free imports in thousands of US dollars were 125,486,299.54 and duty free tariff line items share was 57.58 percent.

Development Indicators 2020

Key Development Indicators of Malaysia in 2020 are below

  • Malaysia GDP in current US dollar was 337,339 million.
  • GNI per capita, Atlas method (current US$) was 10,320.00 .
  • Malaysia Trade balance: as % of GDP was 6.37.
  • Trade balance in current US$ was 21,488.00 million.
  • Trade as percentage of GDP was 116.83 .
  • Trade in services as percentage of GDP was 16.46 .

Trade Indicators 2020

Trade Indicators for Malaysia in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 14.56.
  • World Growth in percentage was -3.77 and Malaysia Country Growth was -0.77 .