Who does Malaysia Trade with?

In 2019, Malaysia’s main trade partners were China (14.2% of total exports), Singapore (13.9%), United States (9.7%), Hong Kong (6.7%) and Japan (6.6%). Its main suppliers were China (20.7% of total imports), Singapore (10.5%), United States (8.1%) and Japan with 7.5% (Comtrade, 2020).

What are major exports of Malaysia?

Economy of Malaysia

Statistics
Exports $263 billion (2017 est.)
Export goods Semiconductor & electronic products, palm oil, liquefied natural gas, petroleum, chemicals, machinery, vehicles, optical & scientific equipment, manufactures of metal, rubber, wood and wood products

What is Malaysia main import?

The top import categories (2-digit HS) in 2019 were: electrical machinery ($26 billion), machinery ($4.0 billion), optical and medical instruments ($2.5 billion), rubber ($1.9 billion), and furniture and bedding ($1.3 billion). U.S. total imports of agricultural products from Malaysia totaled $1.0 billion in 2019.

What is Malaysia export and import?

Malaysia All Products Exports and Imports

Malaysia services export is 40,991,018,397 in BoP, current US$ and services import is 43,623,745,001 in Bop, current US$. Malaysia exports of goods and services as percentage of GDP is 65.22% and imports of goods and services as percentage of GDP is 57.78%.

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What does Malaysia import from other countries?

Top 10

  • Electrical machinery, equipment: US$57.3 billion (30.2% of total imports)
  • Mineral fuels including oil: $22.7 billion (11.9%)
  • Machinery including computers: $17.9 billion (9.4%)
  • Plastics, plastic articles: $7.8 billion (4.1%)
  • Optical, technical, medical apparatus: $5.4 billion (2.8%)
  • Iron, steel: $5 billion (2.6%)

1.02.2021

Why is Malaysia so special?

There is a tremendous amount of unique countries in the world. … It is because Malaysia is very special among unique countries in the world. Malaysia special because of the diversity of races, religions, and cultures. As a result of the diversity, Malaysian produce a very unique element that other countries don’t have.

Is Malaysia richer than Korea?

Malaysia has a GDP per capita of $29,100 as of 2017, while in South Korea, the GDP per capita is $39,500 as of 2017.

What can I export to Malaysia?

India’s export products to Malaysia consisting of textures, machinery and instruments, electronic goods and metal manufactures, fresh vegetables and fruits, cotton yarn, meat products, sugar, rice (other than basmati), wheat, RMG cotton and accessories, primary and semi-finished iron, made-ups.

What is the main source of income in Malaysia?

Malaysia: Economy

Economic Trivia The oil and gas sector supplies about 35% of government revenue.
Top Industries Rubber and Oil Palm Processing and Manufacturing; Petroleum and Natural Gas; Light Manufacturing; Pharmaceuticals

Which country does Malaysia Trade with the most?

Top 15

  • China: US$37.8 billion (16.1% of Malaysia’s total exports)
  • Singapore: $33.9 billion (14.5%)
  • United States: $26 billion (11.1%)
  • Hong Kong: $16.2 billion (6.9%)
  • Japan: $14.7 billion (6.3%)
  • Thailand: $10.8 billion (4.6%)
  • South Korea: $8.2 billion (3.5%)
  • Taiwan: $8.1 billion (3.4%)
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1.02.2021

What is Singapore’s biggest export?

Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).

Which industry is growing in Malaysia 2020?

The major sub-sectors contributing to the growth in Manufacturing sector in July 2020 were Electrical and Electronics Products (9.6%), Transport Equipment and Other Manufacturers (9.0%) and Petroleum, Chemical, Rubber and Plastic Products (1.5%).

What is Malaysia famous for?

What is Malaysia Famous For?

  • The Petronas Towers. One of Malaysia’s most recognisable and iconic landmarks is the Petronas Towers in Kuala Lumpur. …
  • Stunning Coastal Landscape. …
  • Malacca City. …
  • Gunung Mulu National Park. …
  • Batu Caves. …
  • Multiculturalism. …
  • Malaysian Food.

What are Malaysia’s top 3 imports?

Malaysia’s main imports are: electrical and electronic products (29.4 percent), chemicals (9.5 percent), petroleum products (9.3 percent) and machinery, appliances and parts (8.7 percent).

What food does Malaysia import?

Malaysia imports most of its food from China, India, Thailand, Indonesia and New Zealand. Government statistics showed the highest amount of import in 2018 were for cereals at RM7. 1 billion, followed by coffee, cocoa, tea and spices worth RM7 billion and feedstock valued at RM5. 9 billion.

Is Malaysia a developed country?

Abstract: Malaysia, a developing country, aspires to become a developed country originally by the year 2020, with slight delay to 2025.

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