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Malaysia Trade Summary

2021

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 2021

Overall Exports and Imports for Malaysia 2021

Exports and imports of Malaysia in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 299,230 million.
  • The total value of imports (CIF) was 238,250 million.
  • At the HS6 digit level, 4,050 products were exported to 219 countries and 4,384 products were imported from 206 countries.

Malaysia top 5 Export and Import partners 2021

Top five countries to which Malaysia exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Malaysia exports to China worth US$ 46,352 million, with a partner share of 15.49 percent.
  2. Malaysia exports to Singapore worth US$ 41,847 million, with a partner share of 13.98 percent.
  3. Malaysia exports to United States worth US$ 34,366 million, with a partner share of 11.48 percent.
  4. Malaysia exports to Hong Kong, China worth US$ 18,494 million, with a partner share of 6.18 percent.
  5. Malaysia exports to Japan worth US$ 18,167 million, with a partner share of 6.07 percent.

Top five countries from which Malaysia imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Malaysia imports from China worth US$ 55,270 million, with a partner share of 23.20 percent.
  2. Malaysia imports from Singapore worth US$ 22,619 million, with a partner share of 9.49 percent.
  3. Malaysia imports from Other Asia, nes worth US$ 18,150 million, with a partner share of 7.62 percent.
  4. Malaysia imports from United States worth US$ 18,080 million, with a partner share of 7.59 percent.
  5. Malaysia imports from Japan worth US$ 17,791 million, with a partner share of 7.47 percent.

Malaysia Top 5 Productsexports imports at HS 6 digit level 2021

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 54,966,482.92 (US$ Thousands).
  2. Malaysia exported Petroleum oils, etc, (excl. crude); preparation , worth 20,795,085.46 (US$ Thousands).
  3. Malaysia exported Gloves of vulcanized rubber (excl. surgical glo , worth 12,772,895.39 (US$ Thousands).
  4. Malaysia exported Palm oil (excl. crude) and liquid fractions , worth 9,255,947.77 (US$ Thousands).
  5. Malaysia exported Natural gas, liquefied , worth 8,830,997.02 (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 33,467,259.51 (US$ Thousands).
  2. Malaysia imported Petroleum oils, etc, (excl. crude); preparation , worth 20,032,597.12 (US$ Thousands).
  3. Malaysia imported Parts of electronic integrated circuits and mic , worth 9,393,797.87 (US$ Thousands).
  4. Malaysia imported Other coal, not agglomerated, nes , worth 3,539,382.39 (US$ Thousands).
  5. Malaysia imported Petroleum oils and oils obtained from bituminou , worth 3,477,508.21 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Malaysia in 2021 are below

  • The maximum rate of tariff in percentage on any product was 1,246.03 percent.
  • The simple average tariff across all products was 5.61 percent.
  • The trade weighted average tariff was 3.62 .
  • The total duty free imports in thousands of US dollars were 156,015,510.81 and duty free tariff line items share was 57.63 percent.

Development Indicators 2021

Key Development Indicators of Malaysia in 2021 are below

  • Malaysia GDP in current US dollar was 372,981 million.
  • GNI per capita, Atlas method (current US$) was 10,710.00 .
  • Malaysia Trade balance: as % of GDP was 7.11.
  • Trade balance in current US$ was 26,511.00 million.
  • Trade as percentage of GDP was 130.57 .
  • Trade in services as percentage of GDP was 15.64 .

Trade Indicators 2021

Trade Indicators for Malaysia in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 15.11.
  • World Growth in percentage was 12.50 and Malaysia Country Growth was 12.69 .