Service exports in Malaysia
Malaysia: Service exports was 53.40 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
53.40 billion BoP, current US$
Change on year
up 25.1%
World rank
33rd
of 200 countries
All-time high
53.40 billion BoP, current US$
in 2024
All-time low
372.24 million BoP, current US$
in 1974
Years of data
51
1974–2024
Service exports in Malaysia, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, service exports in Malaysia stood at 53.40 billion BoP, current US$. That is the highest value across all 51 years on record.
That represents a change of up 25.1% on the previous year and up 27.0% over ten years.
Over the whole period, service exports in Malaysia peaked at 53.40 billion BoP, current US$ in 2024 and was at its lowest, 372.24 million BoP, current US$, in 1974.
Malaysia ranks 33rd of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Malaysia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 372.24 million BoP, current US$ | — |
| 1975 | 409.81 million BoP, current US$ | +10.1% |
| 1976 | 398.18 million BoP, current US$ | -2.8% |
| 1977 | 491.21 million BoP, current US$ | +23.4% |
| 1978 | 627.79 million BoP, current US$ | +27.8% |
| 1979 | 790.06 million BoP, current US$ | +25.8% |
| 1980 | 1.14 billion BoP, current US$ | +43.7% |
| 1981 | 1.32 billion BoP, current US$ | +15.9% |
| 1982 | 1.58 billion BoP, current US$ | +20.0% |
| 1983 | 1.85 billion BoP, current US$ | +17.2% |
| 1984 | 1.93 billion BoP, current US$ | +4.4% |
| 1985 | 1.93 billion BoP, current US$ | +0.1% |
| 1986 | 1.98 billion BoP, current US$ | +2.4% |
| 1987 | 2.27 billion BoP, current US$ | +14.7% |
| 1988 | 2.38 billion BoP, current US$ | +4.7% |
| 1989 | 2.87 billion BoP, current US$ | +20.7% |
| 1990 | 3.86 billion BoP, current US$ | +34.4% |
| 1991 | 4.37 billion BoP, current US$ | +13.4% |
| 1992 | 4.99 billion BoP, current US$ | +14.0% |
| 1993 | 6.41 billion BoP, current US$ | +28.5% |
| 1994 | 9.32 billion BoP, current US$ | +45.4% |
| 1995 | 11.60 billion BoP, current US$ | +24.5% |
| 1996 | 15.14 billion BoP, current US$ | +30.5% |
| 1997 | 15.73 billion BoP, current US$ | +3.9% |
| 1998 | 11.52 billion BoP, current US$ | -26.8% |
| 1999 | 12.09 billion BoP, current US$ | +5.0% |
| 2000 | 14.05 billion BoP, current US$ | +16.1% |
| 2001 | 14.57 billion BoP, current US$ | +3.7% |
| 2002 | 14.92 billion BoP, current US$ | +2.4% |
| 2003 | 13.64 billion BoP, current US$ | -8.6% |
| 2004 | 17.31 billion BoP, current US$ | +26.9% |
| 2005 | 19.75 billion BoP, current US$ | +14.1% |
| 2006 | 21.08 billion BoP, current US$ | +6.7% |
| 2007 | 29.08 billion BoP, current US$ | +37.9% |
| 2008 | 30.75 billion BoP, current US$ | +5.8% |
| 2009 | 28.29 billion BoP, current US$ | -8.0% |
| 2010 | 34.68 billion BoP, current US$ | +22.6% |
| 2011 | 38.84 billion BoP, current US$ | +12.0% |
| 2012 | 40.58 billion BoP, current US$ | +4.5% |
| 2013 | 42.10 billion BoP, current US$ | +3.7% |
| 2014 | 42.06 billion BoP, current US$ | -0.1% |
| 2015 | 34.94 billion BoP, current US$ | -16.9% |
| 2016 | 35.60 billion BoP, current US$ | +1.9% |
| 2017 | 37.12 billion BoP, current US$ | +4.3% |
| 2018 | 40.23 billion BoP, current US$ | +8.4% |
| 2019 | 41.09 billion BoP, current US$ | +2.1% |
| 2020 | 22.16 billion BoP, current US$ | -46.1% |
| 2021 | 21.25 billion BoP, current US$ | -4.1% |
| 2022 | 31.94 billion BoP, current US$ | +50.3% |
| 2023 | 42.67 billion BoP, current US$ | +33.6% |
| 2024 | 53.40 billion BoP, current US$ | +25.1% |
Malaysia compared with similar countries
- Malaysia's 53.40 billion BoP, current US$ is above the median for upper middle income countries, which is 4.91 billion BoP, current US$, 10.9× the median. (57 countries reporting)
- Malaysia's 53.40 billion BoP, current US$ is above the median for East Asia & Pacific, which is 1.73 billion BoP, current US$, 30.8× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 514.88 million BoP, current US$ | 372.24 million BoP, current US$ | 790.06 million BoP, current US$ | 6 |
| 1980s | 1.93 billion BoP, current US$ | 1.14 billion BoP, current US$ | 2.87 billion BoP, current US$ | 10 |
| 1990s | 9.50 billion BoP, current US$ | 3.86 billion BoP, current US$ | 15.73 billion BoP, current US$ | 10 |
| 2000s | 20.34 billion BoP, current US$ | 13.64 billion BoP, current US$ | 30.75 billion BoP, current US$ | 10 |
| 2010s | 38.72 billion BoP, current US$ | 34.68 billion BoP, current US$ | 42.10 billion BoP, current US$ | 10 |
| 2020s | 34.28 billion BoP, current US$ | 21.25 billion BoP, current US$ | 53.40 billion BoP, current US$ | 5 |
Countries ranked near Malaysia
- 30 Portugal 62.69 billion BoP, current US$ compare
- 31 Greece 55.79 billion BoP, current US$ compare
- 32 Brazil 54.42 billion BoP, current US$ compare
- 34 Philippines 51.49 billion BoP, current US$ compare
- 35 Romania 50.06 billion BoP, current US$ compare
- 36 Czechia 47.54 billion BoP, current US$ compare
More economy & growth data for Malaysia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.97 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 13.04 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0309 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 366.69 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.59 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 96.92 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0369 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 438.53 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.09 % change on previous year (2025)
Frequently asked questions
- What is service exports in Malaysia?
- Service exports in Malaysia was 53.40 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Malaysia?
- The highest recorded value was 53.40 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Malaysia?
- The lowest recorded value was 372.24 million BoP, current US$ in 1974.
- How does Malaysia rank for service exports?
- Malaysia ranks 33rd out of 200 countries with data for 2024.
- Is service exports rising or falling in Malaysia?
- Over the last ten years it is up 27.0%. The long-run trend across the full record is volatile.
- Where does this Malaysia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.