Exports of Services (BoP, USD) in Malaysia

Exports of services as a part of balance of payment reached 37.1 USD bil in 2017 in Malaysia, according to the National Statistical Office. This is 4.11 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Malaysia reached an all time high of 42.1 USD bil in 2013 and an all time low of 0.372 USD bil in 1974. When compared to Malaysia's main peers, exports of services as a part of balance of payment in Cambodia amounted to 4.61 USD bil, 173 USD bil in Singapore, 75.5 USD bil in Thailand and 13.1 USD bil in Vietnam in 2017.

Malaysia has been ranked 33rd within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 2 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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