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2022
Flag → Flag
Exports $11.8BRnk 12 / 220
2022
Flag → Flag
Top Product $3.36BRefined Petroleum
2022
Flag → Flag
Exports $14BRnk 7 / 218
2022
Flag → Flag
Top Product $4.07BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

South Korea-Malaysia Trade: In 2022, South Korea exported $11.8B to Malaysia. The main products that South Korea exported to Malaysia were Refined Petroleum ($3.36B), Integrated Circuits ($1.82B), and Centrifuges ($366M). Over the past 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 6.2%, from $8.73B in 2017 to $11.8B in 2022.

In 2005, South Korea exported services to Malaysia worth $506M, with Transportation ($279M), Travel ($119M), and Other business services ($64.1M) being the largest in terms of value.

Malaysia-South Korea Trade: In 2022, Malaysia exported $14B to South Korea. The main products that Malaysia exported to South Korea were Petroleum Gas ($4.07B), Integrated Circuits ($2.94B), and Refined Petroleum ($727M). Over the past 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 9.58%,  from $8.1B in 2017 to $14B in 2022.

In 2022, Malaysia did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $947M and imported $1.05B from Malaysia, resulting in a negative trade balance of $103M. Between July 2023 and July 2024 the exports of South Korea have increased by $283M (42.6%) from $664M to $947M, while imports decreased by $-95.5M (-8.34%) from $1.15B to $1.05B.

Trade In July 2024, the top exports of South Korea to Malaysia were Mineral fuels, mineral oils and products... ($279M), Electrical machinery and electronics ($201M), Iron & steel ($60.1M), Machinery, mechanical appliances, & parts ($56.4M), and Inorganic chemicals ($46.4M). In July 2024 the top imports of South Korea from Malaysia were Mineral fuels, mineral oils and products... ($722M), Electrical machinery and electronics ($316M), Machinery, mechanical appliances, & parts ($44.2M), Optical, photo, & film equipment; medical... ($30.9M), and Aluminum articles ($29.4M).

Growth In July 2024, the increase in South Korea's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... ($88.4M or 46.4%), Inorganic chemicals ($22.4M or 93.5%), and Organic chemicals ($9.39M or 91.6%). In July 2024, the decrease in South Korea's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-119M or -14.1%), Ships, boats, & floating structures ($-43.3M or -100%), and Iron & steel ($-42.7M or -80.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$283M(42.6%)
IMPORT GROWTH (July 2023 - July 2024)$-95.5M(-8.34%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Malaysia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11.8B to Malaysia. The main products exported from South Korea to Malaysia were Refined Petroleum ($3.36B), Integrated Circuits ($1.82B), and Centrifuges ($366M). During the last 5 years the exports of South Korea to Malaysia have increased at an annualized rate of 6.2%, from $8.73B in 2017 to $11.8B in 2022.

In 2017, Malaysia exported $14B to South Korea. The main products exported from Malaysia to South Korea were Petroleum Gas ($4.07B), Integrated Circuits ($2.94B), and Refined Petroleum ($727M). During the last 5 years the exports of Malaysia to South Korea have increased at an annualized rate of 9.58%, from $8.1B in 2022 to $14B in 2017.

Exports from South Korea (Flag) to Malaysia (Flag) (2022)

Exports from Malaysia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Malaysia
Top DestinationSingapore$53.8B

This map shows whether countries import more from South Korea or Malaysia. Each country is colored based on the difference in imports they receive from South Korea and Malaysia or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than Malaysia included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Malaysia than South Korea included Singapore ($53.8B), Thailand ($14.9B), and Indonesia ($12.5B).

Difference in imports from Malaysia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Malaysia

Flow
Scale

This chart compares trade between South Korea and Malaysia by product, considering products traded by both, South Korea and Malaysia.

During 2022, South Korea had a large net trade with Malaysia in the exports of Machines ($3.99B), Mineral Products ($3.44B), and Metals ($1.43B).

During 2017, Malaysia had a large net trade with South Korea in the exports of Mineral Products ($4.92B), Machines ($4.57B), and Metals ($1.39B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Malaysia+$571MIntegrated Circuits
Top Product Potential Malaysia South Korea+$555MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Malaysia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Malaysia (Flag) (2022)

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