2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

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 11.6%, from $8.1B in 2017 to $14B in 2022.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 11.6%, from $8.1B in 2017 to $14B in 2022.

In 2017, 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 2022 to $11.8B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
South Korea
Top Destination
China$150B

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

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

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

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

Comparative Advantage Malaysia - South Korea

Flow
Scale

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

During 2022, Malaysia had a large net trade with South Korea in the exports of Mineral Products ($4.92B), Machines ($4.57B), and Metals ($1.39B).

During 2017, South Korea had a large net trade with Malaysia in the exports of Machines ($3.99B), Mineral Products ($3.44B), and Metals ($1.43B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia South Korea+$555MIntegrated Circuits
Top Product Potential South Korea Malaysia+$571MIntegrated 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 Malaysia and South Korea. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Malaysia.

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

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