Malaysia Import Data

Malaysia's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Malaysia's major trading partners include China, Singapore, the United States, Japan, and Thailand.

• Top 5 Imports: Electrical machinery and equipment (23% of total imports), mineral fuels (12%), machinery (10%), chemical products (8%), and optical and medical equipment (5%).

• Top 5 Exports: Electrical machinery and equipment (29% of total exports), mineral fuels (11%), machinery (10%), rubber products (5%), and palm oil and derivatives (4%).

• Trade Balance: Malaysia enjoys a trade surplus, with exports exceeding imports, driven by strong demand for its technology and agricultural products.

• Trade Policy: Malaysia follows a pro-trade policy, participating in multiple free trade agreements, which has facilitated its status as a key player in global trade.

Domestic Market

• Consumer Spending: Consumer spending in Malaysia is robust, supported by a growing middle class, but faces pressure from rising inflation and interest rates.

• Inflation & Interest Rates: The central bank has raised interest rates to combat inflation, which increased the cost of borrowing and curbed spending.

• Supply Chain Dynamics: Supply chains are recovering from disruptions caused by the pandemic, with a focus on local sourcing and digital transformation to enhance resilience.

• Industry Performance: The electronics and semiconductor industry is performing well, while the palm oil sector is adjusting to global demand shifts. The services sector, including tourism, is showing signs of recovery.

Overall Outlook

Malaysia's economy, bolstered by a strong export sector and a dynamic domestic market, is poised for continued growth. Strategic investments in technology and sustainable industries will further enhance its global competitiveness.