Malaysia: Imports, percent of GDP

* indicates monthly or quarterly data series
 Malaysia

Imports of goods and services as percent of GDP

 Latest value 63.43
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 62.93
 Min - Max 35.85 - 100.60
 Source The World Bank
The latest value from 2023 is 63.43 percent, a decline from 69.71 percent in 2022. In comparison, the world average is 49.03 percent, based on data from 138 countries. Historically, the average for Malaysia from 1960 to 2023 is 62.93 percent. The minimum value, 35.85 percent, was reached in 1973 while the maximum of 100.6 percent was recorded in 2000. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Malaysia - Imports, percent of GDP - Recent values chart

Historical series
Malaysia - Imports, percent of GDP - historical chart - 1960-2023




The imports of Malaysia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 104.95 2021 percent
 Trade openness 131.84 2023 percent
 Financial openness -0.166 2021 index points
 Exports, percent of GDP 68.42 2023 percent
 Exports, billion dollars 273.43 2023 billion U.S. dollars
 Growth of exports -7.87 2023 percent
 Imports, percent of GDP 63.43 2023 percent
 Imports, billion dollars 253.48 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.98 2023 percent
 Foreign Direct Investment, billion dollars 14.73 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4,167.22 2022 million dollars (current)
 Current account, percent of GDP 3.50 2022 percent
 Current account, in dollars 12.27 2022 billion U.S. dollars
 Trade balance, percent of GDP 4.99 2023 percent
 Trade balance, in dollars 20.44 2023 billion U.S. dollars
 Reserves 113.44 2023 billion U.S. dollars
 Remittances, percent of GDP 0.44 2023 percent
 Remittances 1,750.00 2023 million U.S. dollars
 Net errors and omissions -3,386.63 2022 million USD
 Foreign exchange reserves 119.70 9/2024 billion
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