Malaysia-Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $24.26B total volume •Malaysia surplus: $138.67M
Malaysia → Rep. of Korea
$12.20B
Exports (2023)
Rep. of Korea → Malaysia
$12.06B
Imports (2023)
Trade Balance
$138.67M
Surplus for Malaysia
Total Trade
$24.26B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Malaysia and Rep. of Korea. Green line shows exports from Malaysia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Malaysia-Rep. of Korea commercial relationship and competitive positioning in global markets.
Malaysia → Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Malaysia's export portfolio to Rep. of Korea demonstrates strong diversification across multiple sectors, with petroleum gases and other gaseous hydrocarbons: liquefied, natural gas representing a key competitive advantage in this bilateral market.
Rep. of Korea → Malaysia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Malaysia's import pattern from Rep. of Korea reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Malaysia demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: liquefied, natural gas to Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $24.26B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Malaysia-Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $24.26 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Malaysia maintains a surplus of $138.67 million
- Export Focus: Malaysia's primary exports include petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from Rep. of Korea include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electronic integrated circuits: n.e.c. in heading no. 8542
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $24.26B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Malaysia leveraging its comparative advantages in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Malaysia's specialization in petroleum gases and other gaseous hydrocarbons: liquefied, natural gascomplements Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $24.26B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $24.26B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $24.26 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Malaysia's trade surplus of $138.67 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Malaysia and Rep. of Korea represents a total trade volume of $24.26 billion in 2023. This partnership demonstrates a favorable trade balance for Malaysia, with exports exceeding importsby $138.67 million.
Export Strengths
Malaysia's exports to Rep. of Korea total $12.20 billion, with competitive advantages in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, representing $2.92B or23.9% of bilateral exports.
Import Dependencies
Imports from Rep. of Korea amount to $12.06 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising27.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Malaysia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Malaysia and Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023