Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Malaysia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESMalaysiaWorldExportsValue (US$)227,449,499,544.00228,316,107,468.00234,134,976,857.00200,210,871,947.00189,414,073,154.00217,722,507,482.11248,711,690,011.16240,211,905,652.33234,050,267,453.37299,230,434,394.23352,440,083,266.80312,605,385,581.64
Value Growth, YoY (%)0.200.382.54-14.48-5.3914.9414.23-3.41-2.5627.8417.78
ImportsValue (US$)196,196,618,679.00205,813,524,818.00208,823,428,627.00176,174,598,214.00168,375,228,233.00194,720,187,072.80218,018,425,150.57205,030,495,401.33190,404,531,974.83238,249,762,706.57294,345,205,215.18265,637,832,626.02
Value Growth, YoY (%)4.594.901.46-15.63-4.4215.6411.96-5.95-7.1325.1223.54

The value of merchandise exports from Malaysia totalled $ 312 billion in 2023. Overall commodity exports from Malaysia decreased by 11.3% compared to 2022. Merchandise exports decreased by $ 39 billion (the value of merchandise exports from Malaysia amounted to $352 billion in 2022)

Malaysia's exports 2023 by country

Top export destinations of commodities from Malaysia in 2023:

  • Singapore with a share of 15.3% (48 billion US$)
  • China with a share of 13.4% (42 billion US$)
  • USA with a share of 11.3% (35 billion US$)
  • Hong Kong with a share of 6.3% (19.6 billion US$)
  • Japan with a share of 6.01% (18.7 billion US$)
  • Thailand with a share of 4.11% (12.8 billion US$)
  • Korea with a share of 3.91% (12.2 billion US$)
  • Vietnam with a share of 3.64% (11.4 billion US$)
  • Indonesia with a share of 3.57% (11.1 billion US$)
  • Australia with a share of 3.5% (10.9 billion US$)

Exports structure from Malaysia in 2023 represented by the following main commodity groups:

  • 38% (119 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 16.5% (51 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 7.65% (23 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.39% (16.8 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 4.36% (13.6 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.88% (9.03 billion US$): 39 - Plastics and articles thereof
  • 1.9% (5.95 billion US$): 76 - Aluminum and articles thereof
  • 1.89% (5.9 billion US$): 72 - Iron and steel
  • 1.8% (5.63 billion US$): 38 - Miscellaneous chemical products
  • 1.76% (5.5 billion US$): 40 - Rubber and articles thereof

What did Malaysia export in 2023?

Malaysia's Top Exports in 2023:

  • 23% ($74 billion): 8542 - Electronic integrated circuits and microassemblies
  • 9.38% ($29 billion): 2710 - 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
  • 4.66% ($14.5 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.8% ($11.8 billion): 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified
  • 3.27% ($10.2 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
  • 2.33% ($7.3 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.24% ($7 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 2.05% ($6.43 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.81% ($5.66 billion): 9030 - Oscilloscopes, spectrum analysers and other instruments and apparatus for measuring or checking electrical quantities, excluding meters of heading 90.28; instruments and apparatus for measuring or detecting alpha, beta, gamma, X-ray, cosmic or other ionising radiations.
  • 1.59% ($4.97 billion): 8523 - Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37

The value of merchandise imports to Malaysia totalled $ 265 billion in 2023. Overall commodity imports to Malaysia decreased by 9.75% compared to 2022. Merchandise imports decreased by $ 28 billion (the value of merchandise imports to Malaysia was equal to $294 billion in 2022)

Malaysia's imports 2023 by country

Top trading partners (import sources) of Malaysia in 2023:

  • China with a share of 21% (56 billion US$)
  • Singapore with a share of 11.8% (31 billion US$)
  • USA with a share of 7.35% (19.5 billion US$)
  • Other Asia, nes with a share of 6.91% (18.3 billion US$)
  • Japan with a share of 5.85% (15.5 billion US$)
  • Indonesia with a share of 4.97% (13.2 billion US$)
  • Korea with a share of 4.55% (12 billion US$)
  • Thailand with a share of 4.49% (11.9 billion US$)
  • Saudi Arabia with a share of 3.6% (9.57 billion US$)
  • Australia with a share of 2.86% (7.61 billion US$)

Imports structure to Malaysia in 2023 represented by the following main commodity groups:

  • 27% (72 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 19.1% (50 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9.51% (25 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.19% (8.47 billion US$): 39 - Plastics and articles thereof
  • 3.1% (8.24 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 2.5% (6.65 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.23% (5.94 billion US$): 72 - Iron and steel
  • 2.14% (5.69 billion US$): 38 - Miscellaneous chemical products
  • 1.93% (5.14 billion US$): 76 - Aluminum and articles thereof
  • 1.9% (5.05 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin

What did Malaysia import in 2023?

Malaysia's Top Imports in 2023:

  • 16.5% ($43 billion): 8542 - Electronic integrated circuits and microassemblies
  • 10.7% ($28 billion): 2710 - 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
  • 5.09% ($13.5 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 1.95% ($5.19 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 1.79% ($4.76 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.71% ($4.55 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
  • 1.52% ($4.04 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 1.52% ($4.04 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.08% ($2.87 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 1.05% ($2.79 billion): 8534 - Printed circuits

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Malaysia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023