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Trade between Malaysia and Vietnam

In 2024, Malaysia exported $11.8 billion to Vietnam and imported $6.4 billion. Malaysia ran a surplus of $5.4 billion with Vietnam, compared with a surplus of $3.5 billion in 2019. Vietnam was Malaysia’s 12th largest trading partner (3% of its trade), and Malaysia was Vietnam’s 10th (2%).

Summary

Malaysia → Vietnam
$11.8billion
Vietnam → Malaysia
$6.4billion
Malaysia’s balance
$5.4billion

Balance

Malaysia’s trade balance with Vietnam

Trade between Malaysia and Vietnam grew 46.5-fold since 1995

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

  • Exports 11.8
  • Imports 6.4
  • Balance +5.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$266 million$125 million$141 million
1996$319 million$149 million$170 million
1997$321 million$162 million$159 million
1998$373 million$137 million$236 million
1999$382 million$247 million$136 million
2000$533 million$541 million-$8 million
2001$602 million$339 million$263 million
2002$838 million$349 million$489 million
2003$991 million$412 million$578 million
2004$1.4 billion$594 million$759 million
2005$1.5 billion$1 billion$449 million
2006$2 billion$1.4 billion$584 million
2007$2.5 billion$1.9 billion$573 million
2008$2.7 billion$2.4 billion$323 million
2009$2.6 billion$2.1 billion$558 million
2010$3.9 billion$2.5 billion$1.4 billion
2011$4.1 billion$3.4 billion$721 million
2012$3.7 billion$5.3 billion-$1.6 billion
2013$4.4 billion$5.9 billion-$1.5 billion
2014$4.5 billion$4.6 billion-$74 million
2015$4.5 billion$4.7 billion-$216 million
2016$5.8 billion$4.4 billion$1.3 billion
2017$6.4 billion$5.8 billion$687 million
2018$8 billion$5 billion$3 billion
2019$8.1 billion$4.7 billion$3.5 billion
2020$6.9 billion$4.2 billion$2.7 billion
2021$8.9 billion$5.5 billion$3.4 billion
2022$9.7 billion$6.8 billion$2.9 billion
2023$8.6 billion$5.8 billion$2.8 billion
2024$11.8 billion$6.4 billion$5.4 billion

What they sell each other

What Malaysia sells to Vietnam

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

  1. Microchips$4.1 billion · 35%
    589 tonnes · Malaysia’s destinations
  2. Refined petroleum$1.6 billion · 13.7%
    2.2 million tonnes · Malaysia’s destinations
  3. Unwrought aluminum$413 million · 3.5%
    171 thousand tonnes · Malaysia’s destinations
  4. Palm oil$401 million · 3.4%
    426 thousand tonnes · Malaysia’s destinations
  5. Iron ore$356 million · 3%
    5.4 million tonnes · Vietnam’s sources
  6. Air conditioners$301 million · 2.6%
    23 thousand tonnes · Malaysia’s destinations
  7. Polyethylene$243 million · 2.1%
    235 thousand tonnes · Malaysia’s destinations
  8. Computers$199 million · 1.7%
    792 tonnes · Malaysia’s destinations
  9. Natural gas and LPG$157 million · 1.3%
    232 thousand tonnes
  10. Hydrogen and rare gases$131 million · 1.1%
    7 thousand tonnes

What Vietnam sells to Malaysia

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

  1. Microchips$861 million · 13.5%
    360 tonnes · Vietnam’s destinations
  2. 1 thousand tonnes
  3. Rice$430 million · 6.7%
    688 thousand tonnes · Vietnam’s destinations
  4. Hot-rolled flat steel$310 million · 4.9%
    513 thousand tonnes
  5. Coated flat steel$206 million · 3.2%
    257 thousand tonnes
  6. 2 thousand tonnes
  7. Silicon wafers for electronics$166 million · 2.6%
    3 thousand tonnes
  8. Plywood$153 million · 2.4%
    116 thousand tonnes
  9. Computers$148 million · 2.3%
    520 tonnes · Vietnam’s destinations
  10. Coffee$139 million · 2.2%
    32 thousand tonnes · Vietnam’s destinations

How it travels

Estimated sea route from Port Klang to Phu My.

The estimated sea route between Port Klang and Phu My is 853 nautical miles (1,580 km) long: ≈ 2–2.5 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$10.8 billion · 59.6%
  2. Air$7.3 billion · 40.4%

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

How much each matters to the other

Vietnam was Malaysia’s 12th largest trading partner (3% of its trade), and Malaysia was Vietnam’s 10th (2%).

Vietnam in Malaysia’s trade
2.6%
Vietnam’s rank among Malaysia’s partners
12th
Malaysia in Vietnam’s trade
2.1%
Malaysia’s rank among Vietnam’s partners
10th

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.