Malaysia - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Malaysia was 61.43 as of 2020. Its highest value over the past 60 years was 121.31 in 1999, while its lowest value was 36.01 in 1972.

Definition: Exports of goods and services represent the value of all goods and other market services provided to 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 53.07
1961 48.47
1962 46.04
1963 45.72
1964 44.08
1965 44.90
1966 42.51
1967 40.96
1968 43.23
1969 47.22
1970 45.56
1971 40.46
1972 36.01
1973 41.48
1974 48.31
1975 45.55
1976 51.82
1977 50.14
1978 49.06
1979 56.01
1980 57.54
1981 52.34
1982 50.87
1983 51.53
1984 54.27
1985 54.91
1986 56.30
1987 62.89
1988 66.42
1989 71.38
1990 74.47
1991 77.83
1992 75.98
1993 78.92
1994 89.15
1995 94.09
1996 91.58
1997 93.29
1998 115.74
1999 121.31
2000 119.81
2001 110.40
2002 108.31
2003 106.94
2004 115.37
2005 112.90
2006 112.19
2007 106.17
2008 99.50
2009 91.42
2010 86.93
2011 85.26
2012 79.30
2013 75.63
2014 73.79
2015 69.45
2016 66.78
2017 70.01
2018 68.56
2019 65.26
2020 61.43

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts