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Malaysia Trade Summary

2023

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 2023

Overall Exports and Imports for Malaysia 2023

Exports and imports of Malaysia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 312,605 million.
  • The total value of imports (CIF) was 265,638 million.
  • At the HS6 digit level, 4,232 products were exported to 224 countries and 4,452 products were imported from 211 countries.

Malaysia top 5 Export and Import partners 2023

Top five countries to which Malaysia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Malaysia exports to Singapore worth US$ 48,092 million, with a partner share of 15.38 percent.
  2. Malaysia exports to China worth US$ 42,145 million, with a partner share of 13.48 percent.
  3. Malaysia exports to United States worth US$ 35,455 million, with a partner share of 11.34 percent.
  4. Malaysia exports to Hong Kong, China worth US$ 19,698 million, with a partner share of 6.30 percent.
  5. Malaysia exports to Japan worth US$ 18,791 million, with a partner share of 6.01 percent.

Top five countries from which Malaysia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Malaysia imports from China worth US$ 56,709 million, with a partner share of 21.35 percent.
  2. Malaysia imports from Singapore worth US$ 31,528 million, with a partner share of 11.87 percent.
  3. Malaysia imports from United States worth US$ 19,528 million, with a partner share of 7.35 percent.
  4. Malaysia imports from Other Asia, nes worth US$ 18,374 million, with a partner share of 6.92 percent.
  5. Malaysia imports from Japan worth US$ 15,556 million, with a partner share of 5.86 percent.

Malaysia Top 5 Productsexports imports at HS 6 digit level 2023

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 65,550,590.61 (US$ Thousands).
  2. Malaysia exported Petroleum oils, etc, (excl. crude); preparation , worth 29,353,596.50 (US$ Thousands).
  3. Malaysia exported Natural gas, liquefied , worth 13,068,791.55 (US$ Thousands).
  4. Malaysia exported Parts of electronic integrated circuits and mic , worth 9,422,952.01 (US$ Thousands).
  5. Malaysia exported Palm oil (excl. crude) and liquid fractions , worth 8,879,324.12 (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 34,927,175.71 (US$ Thousands).
  2. Malaysia imported Petroleum oils, etc, (excl. crude); preparation , worth 28,560,387.38 (US$ Thousands).
  3. Malaysia imported Petroleum oils and oils obtained from bituminou , worth 13,525,757.77 (US$ Thousands).
  4. Malaysia imported Parts of electronic integrated circuits and mic , worth 9,059,803.58 (US$ Thousands).
  5. Malaysia imported Transmission apparatus, for radioteleph incorpo , worth 4,996,591.55 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Malaysia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 1,015.83 percent.
  • The simple average tariff across all products was 5.71 percent.
  • The trade weighted average tariff was 3.76 .
  • The total duty free imports in thousands of US dollars were 152,908,744.16 and duty free tariff line items share was 56.68 percent.

Development Indicators 2023

Key Development Indicators of Malaysia in 2023 are below

  • Malaysia GDP in current US dollar was 399,705 million.
  • GNI per capita, Atlas method (current US$) was 11,710.00 .
  • Malaysia Trade balance: as % of GDP was 5.10.
  • Trade balance in current US$ was 20,383.00 million.
  • Trade as percentage of GDP was 132.06 .
  • Trade in services as percentage of GDP was 23.73 .

Trade Indicators 2023

Trade Indicators for Malaysia in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 14.67.
  • World Growth in percentage was -3.13 and Malaysia Country Growth was -6.53 .