Imports and Exports in Malaysia
Updated on Monday 29th August 2016
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The trading activities in Malaysia are very important for the economy of the country and this economic sector is very well developed here. Moreover, since 2009, the Malaysian authorities have created new legal measures to further liberalize business activities carried out here by foreign investors, by offering various incentives applicable to most of the economic fields. Our team of company formation representatives in Malaysia can offer an in-depth presentation of the import/export activities of the country.
Export activities in Malaysia
At the level of 2015, Malaysian exports had a total value of US $200 billion. It is important to know that, according to the data offered by the International Monetary Fund, the exports activities accounted for 24,6% of the economic output of the country.
When referring to the destination of the Malaysian exports, foreign investors should know that 70,5% of the total exports are delivered to countries in the Asian region, while 10,8% are traded on the European market. Malaysia has a very good trading relation with the United States of America, to which it shipped 10,6% of the total exports in 2015. Malaysia had established export activities with African states, which represent 2,6%.
The top export products are the following:
• electronic equipment;
• machines and engines;
• animal and vegetal oils;
Our team of company incorporation agents in Malaysia can provide more details on the export structure.
Import activities in Malaysia
Investors who want to open a company in Malaysia and who are interested in import activities here should know that in 2015, the total level of imports was situated at the value of US $ 176,1 billion.
The main partners in this sense are the following states:
• United States of America;
In 2015, Malaysia imported several products and the most important ones are:
• electrical and electronic products (29,4%);
• chemicals and chemical products (9,5%);
• petroleum products (9,3%);
• machinery and parts (8,7%);
• manufacturing products based on metal (6,4%).
Persons who are interested in receiving further information on the import and export activities or want to set up a company in Malaysia can address to our team of company incorporation specialists, for assistance on this matter.