How has bilateral trade between Russia and Malaysia grown recently?

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Bilateral trade between Russia and Malaysia has seen recent growth, with both nations aiming to deepen economic ties.

Bilateral trade between Russia and Malaysia experienced a significant increase of 12.9 per cent in the past year. This growth underscores a positive trajectory in economic relations between the two countries as they prepare to mark the 60th anniversary of diplomatic relations in 2027. Russia has been identified as Malaysia’s ninth-largest trading partner among European nations in 2025, with a total trade value of RM8.72 billion (US$2.04 billion).
Recent Trade Performance and Value

In the preceding year, the total trade volume between Russia and Malaysia grew by 12.9 per cent. This upward trend positions Russia as a notable trading partner for Malaysia within the European region, reflecting an expanding economic relationship. By 2025, the total trade was valued at RM8.72 billion, equivalent to US$2.04 billion, highlighting the substantial economic exchange between the two nations.
Key Export and Import Categories

Malaysia's primary exports to Russia encompass a range of manufactured and processed goods. These include electrical and electronic products, machinery, equipment and their associated parts, as well as processed food items. Conversely, Malaysia's principal imports from Russia consist of energy resources and raw materials, such as petroleum products, minerals, and various chemicals and chemical-based products.
Historical Context of Economic Relations

The formal establishment of diplomatic relations between Malaysia and Russia on April 3, 1967, was accompanied by the signing of a trade agreement. This foundational agreement paved the way for subsequent economic interactions. Russia further solidified its presence by opening its Trade Office in Kuala Lumpur in November 1967 and its embassy in April 1968, while Malaysia reciprocated by establishing its embassy in Moscow in November 1968.

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How has bilateral trade between Russia and Malaysia grown recently?

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