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

38,04

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

4079

Unemployment Rate

3.3%

Population below poverty line

3.8%

Inflation Rate

0,02

Prime Lending Rate

0,03

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

Sheena Magdaraog is responsible for the TFG Weekly Trade Briefings at Trade Finance Global.

With an extensive background in WordPress CMS and Digital Marketing, she loves the digitalization of trade and is fascinated about its impact on day to day transactions.

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