2022
Flag  
GDP
$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH
-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC 
$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH
-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186

About

Iran-Malaysia Trade: In 2022, Iran exported $50.8M to Malaysia. The main products that Iran exported to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). Over the past 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 30%, from $303M in 2017 to $50.8M in 2022.

In 2022, Iran did not export any services to Malaysia.

Malaysia-Iran Trade: In 2022, Malaysia exported $782M to Iran. The main products that Malaysia exported to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). Over the past 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 0.59%,  from $806M in 2017 to $782M in 2022.

In 2022, Malaysia did not export any services to Iran.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $50.8M to Malaysia. The main products exported from Iran to Malaysia were Molluscs ($13.2M), Tropical Fruits ($8.37M), and Precious Metal Scraps ($6.62M). During the last 5 years the exports of Iran to Malaysia have decreased at an annualized rate of 30%, from $303M in 2017 to $50.8M in 2022.

In 2017, Malaysia exported $782M to Iran. The main products exported from Malaysia to Iran were Palm Oil ($575M), Other Vegetable Oils ($33.2M), and Rubber ($29.6M). During the last 5 years the exports of Malaysia to Iran have decreased at an annualized rate of 0.59%, from $806M in 2022 to $782M in 2017.

Exports from Iran (Flag) to Malaysia (Flag) (2022)

Exports from Malaysia (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and Malaysia (Flag)

Malaysia Exports

Market Competitiveness

Color
Iran
Top Destination
China$5.72B
Malaysia
Top Destination
Singapore$53.8B

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

In 2022, countries that imported more from Iran than Malaysia included Armenia ($557M), Kuwait ($960M), and Azerbaijan ($454M).

In 2022, countries that imported more from Malaysia than Iran included Singapore ($53.8B), United States ($44.2B), and China ($48.5B).

Difference in imports from Malaysia (Flag) and Iran (Flag) (2022)

Comparative Advantage Iran - Malaysia

Flow
Scale

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

During 2022, Iran had a large net trade with Malaysia in the exports of Animal Products ($16.8M), Vegetable Products ($11.2M), and Precious Metals ($6.62M).

During 2017, Malaysia had a large net trade with Iran in the exports of Animal and Vegetable Bi-Products ($630M), Textiles ($50.3M), and Plastics and Rubbers ($40.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Malaysia+$3.19MPetroleum Coke
Top Product Potential Malaysia Iran+$4.52MIndustrial Fatty Acids, Oils and Alcohols

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 Iran and Malaysia. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Iran.

Product Space of Iran (Flag) and Malaysia (Flag) (2022)

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