Exporting to Malaysia

South-Korea Export Guide | Trade Finance Global

Exporting to Malaysia

Malaysia Country Profile

Official Name (Local Language) Malaysia
Capital Kuala Lumpur
Population 30,949,962
Currency Malaysian Ringgit
GDP $302.7 billion
Languages Malay
Telephone Dial In 60

Malaysia Imports Profile

Imports ($m USD)

193,856

Number of Import Products

4,451

Number of Import Partners

204

Top 5 import partners

Country

Trade

% Partner Share

China

38,040

19.62

Singapore

21,447

11.06

United States

16,047

8.28

Japan

14,692

7.58

Other Asia, nes

12,666

6.53

Top 5 Import Products at HS 6 digit level

Ecport Product

Number

Monolithic integrated circuits, digital

15.9%

Petroleum oils, etc, (excl. crude); preparation

8.6%

Parts of electronic integrated circuits and mic

2.0%

Petroleum oils and oils obtained from bituminou

1.9%

Transmission apparatus, for radioteleph incorpo

1.9%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Malaysia

Agriculture

%

Product List

8.2%

Palm oil, rubber, cocoa, rice, timber; pepper

Industry

%

Industry List

37.8%

Rubber and oil palm processing and manufacturing, petroleum and natural gas, light manufacturing, pharmaceuticals, medical technology, electronics and semiconductors, timber processing; logging, petroleum and natural gas production; Sarawak - agriculture

Services

%

Services List

54%

Exporting to Malaysia: What is trade finance?

Malaysia Economic Statistics

Exporting to Malaysia? Contact our local experts

Malaysia Economic Statistics

Government Website

https://www.malaysia.gov.my/

Sovereign Ratings

https://countryeconomy.com/ratings/malaysia

Central Bank

Bank Negara Malaysia

Currency USD Exchange Rate

4.079

Unemployment Rate

3.3%

Population below poverty line

3.8%

Inflation Rate

2%

Prime Lending Rate

3%

GDP

$302.7 billion

GDP Pro Capita (PPP)

$27,200

Currency Name

Malaysian Ringgit

Currency Code

MYR

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

25/138

Corruption Perceptions Index

55/176

Ease of Doing Business

15/190

Enabling Trade Index

62/180

Currency In Malaysia

About the Author

Brian Canup is the Editorial & Research Assistant at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

Back to Top