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Trade between Malaysia and Singapore

In 2024, Malaysia exported $51.6 billion to Singapore and imported $35 billion. Malaysia ran a surplus of $16.6 billion with Singapore, compared with a surplus of $19.5 billion in 2019. Singapore was Malaysia’s 2nd largest trading partner (12% of its trade), and Malaysia was Singapore’s 2nd (11%).

Summary

Malaysia → Singapore
$51.6billion
Singapore → Malaysia
$35billion
Malaysia’s balance
$16.6billion

Balance

Malaysia’s trade balance with Singapore

Trade between Malaysia and Singapore grew 3-fold since 1995

USD billions (current). Malaysia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 51.6
  • Imports 35
  • Balance +16.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$18.9 billion$10.4 billion$8.5 billion
1996$19.8 billion$11.2 billion$8.6 billion
1997$19.8 billion$13 billion$6.8 billion
1998$15.7 billion$9 billion$6.7 billion
1999$17.1 billion$11.1 billion$6 billion
2000$22.5 billion$13.6 billion$8.9 billion
2001$20.1 billion$9.9 billion$10.2 billion
2002$21.2 billion$10.4 billion$10.9 billion
2003$21.3 billion$13 billion$8.2 billion
2004$24.5 billion$13.2 billion$11.3 billion
2005$23 billion$14.5 billion$8.4 billion
2006$26.6 billion$16 billion$10.6 billion
2007$36.1 billion$16.6 billion$19.5 billion
2008$37.3 billion$22.9 billion$14.4 billion
2009$27.9 billion$15 billion$13 billion
2010$33.9 billion$20 billion$13.9 billion
2011$36.8 billion$24.3 billion$12.4 billion
2012$39.9 billion$25.9 billion$14.1 billion
2013$39.8 billion$26.1 billion$13.6 billion
2014$38.2 billion$26.8 billion$11.4 billion
2015$33.1 billion$21.6 billion$11.5 billion
2016$31.9 billion$18.6 billion$13.4 billion
2017$39.8 billion$30.4 billion$9.4 billion
2018$42.3 billion$26.2 billion$16.1 billion
2019$41.8 billion$22.3 billion$19.5 billion
2020$41.4 billion$18.4 billion$23.1 billion
2021$52.4 billion$23 billion$29.4 billion
2022$57.9 billion$30.7 billion$27.2 billion
2023$47.4 billion$31.4 billion$16 billion
2024$51.6 billion$35 billion$16.6 billion

What they sell each other

What Malaysia sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Microchips$13 billion · 25.2%
    2 thousand tonnes · Malaysia’s destinations
  2. Refined petroleum$8.4 billion · 16.3%
    14.4 million tonnes · Malaysia’s destinations
  3. Other industrial machines$3.7 billion · 7.1%
    35 thousand tonnes
  4. Computers$2.3 billion · 4.4%
    8 thousand tonnes · Malaysia’s destinations
  5. Natural gas and LPG$1.4 billion · 2.8%
    2.9 million tonnes
  6. 4 thousand tonnes
  7. 3 thousand tonnes
  8. Jewelry$881 million · 1.7%
    20 tonnes · Malaysia’s destinations
  9. Printers and printing machines$818 million · 1.6%
    7 thousand tonnes
  10. Steel bars$714 million · 1.4%
    777 thousand tonnes

What Singapore sells to Malaysia

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$8.4 billion · 24%
    12.4 million tonnes · Singapore’s destinations
  2. Microchips$8 billion · 22.7%
    5 thousand tonnes · Singapore’s destinations
  3. Gold$1.6 billion · 4.6%
    24 tonnes · Singapore’s destinations
  4. Other industrial machines$901 million · 2.6%
    15 thousand tonnes
  5. Computers$719 million · 2.1%
    6 thousand tonnes · Singapore’s destinations
  6. 5 thousand tonnes
  7. 27 thousand tonnes
  8. 2 thousand tonnes
  9. Other iron or steel articles$426 million · 1.2%
    59 thousand tonnes
  10. 7 thousand tonnes

How it travels

Estimated sea route from Port Klang to Singapore.

The estimated sea route between Port Klang and Singapore is 211 nautical miles (390 km) long: ≈ 0.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$41.1 billion · 47.4%
  2. Air$45.5 billion · 52.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Singapore was Malaysia’s 2nd largest trading partner (12% of its trade), and Malaysia was Singapore’s 2nd (11%).

Singapore in Malaysia’s trade
12.2%
Singapore’s rank among Malaysia’s partners
2nd
Malaysia in Singapore’s trade
11.2%
Malaysia’s rank among Singapore’s partners
2nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.