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 |