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Malaysia Trade Summary

2022

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 2022

Overall Exports and Imports for Malaysia 2022

Exports and imports of Malaysia in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 352,188 million.
  • The total value of imports (CIF) was 293,941 million.
  • At the HS6 digit level, 4,047 products were exported to 222 countries and 4,378 products were imported from 210 countries.

Malaysia top 5 Export and Import partners 2022

Top five countries to which Malaysia exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Malaysia exports to Singapore worth US$ 52,824 million, with a partner share of 15.00 percent.
  2. Malaysia exports to China worth US$ 47,843 million, with a partner share of 13.58 percent.
  3. Malaysia exports to United States worth US$ 38,025 million, with a partner share of 10.80 percent.
  4. Malaysia exports to Japan worth US$ 22,417 million, with a partner share of 6.37 percent.
  5. Malaysia exports to Hong Kong, China worth US$ 21,738 million, with a partner share of 6.17 percent.

Top five countries from which Malaysia imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Malaysia imports from China worth US$ 62,674 million, with a partner share of 21.32 percent.
  2. Malaysia imports from Singapore worth US$ 30,682 million, with a partner share of 10.44 percent.
  3. Malaysia imports from Other Asia, nes worth US$ 24,086 million, with a partner share of 8.19 percent.
  4. Malaysia imports from United States worth US$ 22,830 million, with a partner share of 7.77 percent.
  5. Malaysia imports from Japan worth US$ 18,876 million, with a partner share of 6.42 percent.

Malaysia Top 5 Productsexports imports at HS 6 digit level 2022

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 68,639,923.17 (US$ Thousands).
  2. Malaysia exported Petroleum oils, etc, (excl. crude); preparation , worth 34,045,336.87 (US$ Thousands).
  3. Malaysia exported Natural gas, liquefied , worth 15,451,329.41 (US$ Thousands).
  4. Malaysia exported Palm oil (excl. crude) and liquid fractions , worth 12,480,410.44 (US$ Thousands).
  5. Malaysia exported Parts of electronic integrated circuits and mic , worth 10,122,020.29 (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 42,193,000.95 (US$ Thousands).
  2. Malaysia imported Petroleum oils, etc, (excl. crude); preparation , worth 31,074,678.18 (US$ Thousands).
  3. Malaysia imported Petroleum oils and oils obtained from bituminou , worth 12,220,432.99 (US$ Thousands).
  4. Malaysia imported Parts of electronic integrated circuits and mic , worth 11,404,929.92 (US$ Thousands).
  5. Malaysia imported Other coal, not agglomerated, nes , worth 5,979,680.23 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Malaysia in 2022 are below

  • The maximum rate of tariff in percentage on any product was 1,156.35 percent.
  • The simple average tariff across all products was 5.51 percent.
  • The trade weighted average tariff was 3.47 .
  • The total duty free imports in thousands of US dollars were 176,374,892.07 and duty free tariff line items share was 57.07 percent.

Development Indicators 2022

Key Development Indicators of Malaysia in 2022 are below

  • Malaysia GDP in current US dollar was 406,306 million.
  • GNI per capita, Atlas method (current US$) was 11,780.00 .
  • Malaysia Trade balance: as % of GDP was 6.93.
  • Trade balance in current US$ was 28,145.00 million.
  • Trade as percentage of GDP was 140.75 .
  • Trade in services as percentage of GDP was 18.77 .

Trade Indicators 2022

Trade Indicators for Malaysia in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 14.24.
  • World Growth in percentage was 5.18 and Malaysia Country Growth was 5.11 .