Importing from Malaysia

Malaysia Import Guide | Trade Finance Global

Importing from 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 Exports Profile

Exports ($m USD)

216,428

Number of Export Products

4,095

Number of Export Partners

219

Top 5 export partners

Country

Trade

% Partner Share

Singapore

30,986

14.32

China

29,188

13.49

United States

20,576

9.51

Japan

17,304

8.00

Thailand

11,69

5.40

Top 5 Export Products at HS 6 digit level

Export Product

Number

Monolithic integrated circuits, digital

15.2%

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

6.1%

Natural gas, liquefied

4.6%

Palm oil (excl. crude) and liquid fractions

4.5%

Petroleum oils and oils obtained from bituminou

4.2%

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%

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Information

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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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