Malaysia: Imports, percent of GDP

* indicates monthly or quarterly data series
 Malaysia

Imports of goods and services as percent of GDP

 Latest value 66.91
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 62.85
 Min - Max 35.85 - 100.6
 Source The World Bank
For that indicator, we provide data for Malaysia from 1960 to 2022. The average value for Malaysia during that period was 62.85 percent with a minimum of 35.85 percent in 1973 and a maximum of 100.6 percent in 2000. The latest value from 2022 is 66.91 percent. For comparison, the world average in 2022 based on 133 countries is 51.99 percent. 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 values chart
Malaysia - Imports, percent of GDP - recent values

Historical chart
Malaysia - Imports, percent of GDP - historical chart - 1960-2022




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.


 Related indicators Latest value Reference Measure
 Terms of trade 104.95 2021 percent
 Trade openness 146.92 2022 percent
 Exports, percent of GDP 73.84 2022 percent
 Exports, billion dollars 313.21 2022 billion U.S. dollars
 Growth of exports 14.49 2022 percent
 Imports, percent of GDP 66.91 2022 percent
 Imports, billion dollars 283.75 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.62 2022 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 7.24 2022 percent
 Trade balance, in dollars 29.26 2022 billion U.S. dollars
 Reserves 114.66 2022 billion U.S. dollars
 Remittances, percent of GDP 0.40 2022 percent
 Net errors and omissions -3,386.63 2022 million USD
 Foreign exchange reserves 110.10 9/2023 billion
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