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Goods Exports (BoP, USD) rose 7.33% to USD 248 bil in Malaysia in 2024

Goods Exports (BoP, USD) (USD bil), 2024
Economy | Malaysia | September 1, 2025
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Goods exports as a part of the balance of payment rose 7.33% to USD 248 bil in Malaysia in 2024, according to the National Statistical Office.

Historically, goods exports as a part of the balance of payment in Malaysia reached an all time high of USD 281 bil in 2022 and an all time low of USD 3.83 bil in 1975. When compared to Malaysia's main peers, goods exports as a part of the balance of payment in Cambodia amounted to USD 26.8 bil, USD 583 bil in Singapore, USD 297 bil in Thailand and USD 406 bil in Vietnam in 2024.

Malaysia has been ranked 27th within the group of 103 countries we follow in terms of goods exports as a part of the balance of payment, 4 places below the position seen 10 years ago.

Goods Exports (BoP, USD) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Cambodia USD bil 13.0 15.0 19.1 19.5 23.2
China USD bil 2,417 2,387 2,510 3,216 3,347
Indonesia USD bil 181 168 163 233 293
Laos USD bil 5.41 5.81 6.11 7.69 8.20 ...
Malaysia USD bil 206 197 186 243 281
Myanmar USD bil 11.1 10.8 ... ... ... ... ...
Philippines USD bil 52.0 53.5 48.2 54.2 57.7
Singapore USD bil 459 440 417 513 608
Thailand USD bil 251 243 227 271 285
Vietnam USD bil 244 264 283 336 372