2022
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GDP
$406BCURRENT US$
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GDP GROWTH
29.2%CURRENT US$
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2022
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 GDP
$529BCURRENT US$
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GDP GROWTH
135%CURRENT US$
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$11,972CURRENT US$
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GDP PC GROWTH
12.9%CURRENT US$
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GDP PC
$104,039CURRENT US$
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112%CURRENT US$
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About

Malaysia-Ireland Trade: In 2022, Malaysia exported $469M to Ireland. The main products that Malaysia exported to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). Over the past 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%, from $255M in 2017 to $469M in 2022.

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

Ireland-Malaysia Trade: In 2022, Ireland exported $2B to Malaysia. The main products that Ireland exported to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). Over the past 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 9.38%,  from $571M in 2017 to $2B in 2022.

In 2020, Ireland exported services to Malaysia worth $585M, with Other business services ($525M), Travel ($44.5M), and Financial services ($11.4M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $469M to Ireland. The main products exported from Malaysia to Ireland were Palm Oil ($99.3M), Integrated Circuits ($59.7M), and Broadcasting Equipment ($37.7M). During the last 5 years the exports of Malaysia to Ireland have increased at an annualized rate of 13%, from $255M in 2017 to $469M in 2022.

In 2017, Ireland exported $2B to Malaysia. The main products exported from Ireland to Malaysia were Integrated Circuits ($1.65B), Packaged Medicaments ($67.9M), and Planes, Helicopters, and/or Spacecraft ($34.8M). During the last 5 years the exports of Ireland to Malaysia have increased at an annualized rate of 9.38%, from $571M in 2022 to $2B in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Malaysia than Ireland included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

In 2022, countries that imported more from Ireland than Malaysia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Malaysia - Ireland

Flow
Scale

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

During 2022, Malaysia had a large net trade with Ireland in the exports of Machines ($260M), Animal and Vegetable Bi-Products ($103M), and Plastics and Rubbers ($29.9M).

During 2017, Ireland had a large net trade with Malaysia in the exports of Machines ($1.71B), Chemical Products ($118M), and Animal Products ($53.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Ireland+$88MIntegrated Circuits
Top Product Potential Ireland Malaysia+$26.9MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Ireland exported services to Malaysia worth $585M, with Other business services ($525M), Travel ($44.5M), and Financial services ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Malaysia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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