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Malaysia export Statistics

Malaysia Export Data

Malaysia, located in Southeast Asia, is known for its vibrant frugality and robust export sector. The country's export data provides precious perceptivity into its profitable performance and global trade relations. Malaysia's export industry has grown significantly over the years since it serves as a gateway to Southeast Asia. We may obtain insight into the significant trends and patterns that will influence the export geography in the future by examining the Malaysian export data for 2023. With the use of export data, experts may learn vital information about the country's export market. Malaysia’s exports accounted for $312.96 billion in 2023 with a decline of 11% from the previous year. Malaysia exported goods worth $352.5 billion in 2022, according to the export data of Malaysia. Let’s dive into Malaysia's export data for the time 2023, assaying its crucial export sectors, top trading partners, and factors impacting its export performance.

Malaysia Export Data | Malaysia Trade Data

24

The country has been ranked 24th in global exports, showing a significant position in the international trade landscape. With an established presence in the export market, we have steadily contributed to the global exchange of goods and services.

1.3%

With a mere 1.3% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise. This figure of share percentage also highlights the considerable room for growth in terms of the country's exports.

SINGAPORE

Singapore holds a significant role as the largest export partner of the country in terms of goods exports. With its diverse economy and strategic location, Singapore offers ample opportunities for international trade.

INTEGRATED CIRCUITS

Electrical machinery and equipment are the major and biggest export commodities of the country, playing a vital role in its economy. It contributes to the highest export value and share percentage of the country’s exports.

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Top 10 Exports of Malaysia

Malaysia, a prominent player in global trade, boasts a diverse range of top exports and key export partners. These globally sought-after goods contribute significantly to Malaysia's economic growth and foreign exchange earnings. The top 10 export products of Malaysia in 2023 as per the import data include:

  • Electrical Machinery and Equipment: 38.08% ($119.18 billion)
  • Mineral Fuels and mineral oils: 16.52% ($51.69 billion) 
  • Nuclear reactors and machinery: 7.65% ($23.95 billion)
  • Animal and Vegetable fats and oils: 5.4% ($16.89 billion)
  • Optical, medical, and surgical instruments: 4.37% ($13.66 billion)
  • Plastics and articles thereof: 2.89% ($9.04 billion) 
  • Aluminum and articles thereof: 1.9% ($5.96 billion)
  • Iron and steel: 1.89% ($5.91 billion)
  • Miscellaneous chemical products: 1.8% ($5.64 billion) 
  • Rubber and articles thereof: 1.76% ($5.51 billion)
    • Partners

    Top 10 Export Partners of Malaysia

    As for the top 10 export partners of Malaysia, the country has built strong trade relationships with various nations. Notable export partners include China, the United States, Singapore, Japan, and Thailand, among others. Major export partners of Malaysia in 2023 include:

    Value In Percentage(%)

  • Singapore: 15.4% ($48.14 billion) 
  • China: 13.5% ($42.19 billion) 
  • USA: 11.3% ($35.49 billion) 
  • Hong Kong: 6.3% ($19.72 billion) 
  • Japan: 6% ($18.81 billion) 
  • Thailand: 4.1% ($12.88 billion) 
  • South Korea: 3.9% ($12.26 billion) 
  • Vietnam: 3.6% ($11.41 billion) 
  • Indonesia: 3.6% ($11.17 billion) 
  • Australia: 3.5% ($10.95 billion)
    • Sample Data

    Details covered under the Malaysia Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    The best place to look up and examine comprehensive records at the shipment level is Malaysia Export Data. It includes particulars on the products that Malaysia exports as well as export data from customs. Date, Shipper Name, and Export Data by HS code are covered in Malaysian bill of lading data. Address of the shipper, port of origin in Malaysia, port of destination, product details, quantity, and weight on the export list, etc. According to the customs database for Malaysian exports, Malaysia exported goods worth $312.96 billion in 2023.

    Benefits

    Benefits of the Malaysia Export Data

  • Use your ideas to generate leads from the Malaysian export market.
  • Ascertain the present level of product demand in Malaysia.
  • Keep an eye on your competitors and go ahead of them.
  • Use Export data to guide your marketing strategy.
  • Increase your company's export market share in Malaysia.
  • Define long-term goals and optimize profits.

    • Frequently Asked Questions!!

    The total export value of goods exported by Malaysia was $312.96 billion in 2023.

    Singapore, China, and the United States are the top 3 export partners of Malaysia in 2023.

    Malaysia is a top exporter in the sector of Electronics and Electrical Products.

    Palm Oil is one of the primary agricultural exports of Malaysia.

    Generating leads, keeping an eye on competitors, guiding marketing strategy, increasing export market share, and defining long-term goals are the 5 major benefits of the Malaysia export data.

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