Malaysia
– EXIM (Export – Import)
Malaysia is the 18th largest export economy in the world. In 2015, Malaysia exported $254B and imported $175B, resulting in a positive trade balance of $78.8B. In 2015 the GDP of Malaysia was $296B and its GDP per capita was $27k. During the last five years the exports of Malaysia have increased at an annualized rate of 1.4%, from $222B in 2010 to $254B in 2015.
In 2015 Malaysia imported $175B, making it the 25th largest importer in the world. During the last five years the imports of Malaysia have increased at an annualized rate of 1.7%, from $157B in 2010 to $175B in 2015.
As of 2015 Malaysia had a positive trade balance of $78.8B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $9.1B in net exports.
Malaysia's largest trading partner is China. Malaysia has been China's top trading partner within ASEAN for last many years in a row since 2008. The two-way trade volume between China and Malaysia in 2013 reached $106 billion, making Malaysia China's third-largest trade partner in Asia, just behind Japan and South Korea and eighth largest overall.
Malaysia's second largest trading partner is Singapore and Malaysia is Singapore's biggest trading partner, with bilateral trade totalling roughly $91 billion US dollars in 2012, accounting for over a fifth of total trade within ASEAN.
Malaysia's third largest trading partner is Japan, amounting RM137.45 billion (US$42 billion) of trade in 2014, an increase of 1.4% compared with to 2013. Out of this, exports totalled RM82.71 billion (US$25.6 billion), a growth of 4.4% cent while imports contracted 2.9% to RM54.75 billion (US$16.74 billion).
Top
10 Major Export Products for the Jan – Oct
2015 & Jan – Oct 2016
|
Products
|
Jan – Oct 2016
|
Jan – Oct 2015
|
|
Exports (in Billion)
|
Per %
|
Exports (in Billion)
|
Per %
|
|
Rubber Products
|
16.50
|
2.6%
|
16.65
|
2.6%
|
|
Crude Petroleum
|
17.27
|
2.7%
|
21.25
|
3.3%
|
|
Optical & Scientific Equipments
|
23.56
|
3.7%
|
21.25
|
3.3%
|
|
LNG
|
25.12
|
3.9%
|
36.84
|
5.7%
|
|
Manufacturer of Metal
|
27.43
|
4.3%
|
27.99
|
4.4%
|
|
Machinery, Equipments & Parts
|
31.60
|
5.0%
|
29.86
|
4.7%
|
|
Palm Oil
|
33.70
|
5.3%
|
33.66
|
5.2%
|
|
Petroleum Products
|
43.60
|
6.8%
|
45.00
|
7.0%
|
|
Chemicals & Chemical Products
|
48.17
|
7.6%
|
45.92
|
7.2%
|
|
Electrical & Electronic Products
|
234.46
|
36.8%
|
230.01
|
35.9%
|
|
Other Products
|
136.16
|
21.4%
|
133.10
|
20.7%
|
|
Total
|
637.55
|
100.00
|
641.52
|
100.00
|
Top
10 Major Import Products for the Jan – Oct
2015 & Jan – Oct 2016
|
Products
|
Jan – Oct 2016
|
Jan – Oct 2015
|
|
Imports (in Billion)
|
Per %
|
Imports (in Billion)
|
Per %
|
|
Textile, Apparels & Footwears
|
14.80
|
2.6%
|
12.64
|
2.2%
|
|
Processed Food
|
14.99
|
2.6%
|
14.51
|
2.6%
|
|
Optical & Scientific Equipments
|
17.92
|
3.2%
|
17.55
|
3.1%
|
|
Iron & Steel Products
|
18.43
|
3.2%
|
18.75
|
3.3%
|
|
Manufacturer of Metal
|
31.88
|
5.6%
|
37.18
|
6.5%
|
|
Transport Equipments
|
34.84
|
6.1%
|
30.35
|
5.3%
|
|
Petroleum Products
|
41.79
|
7.4%
|
53.69
|
9.4%
|
|
Machinery, Equipments & Parts
|
52.44
|
9.2%
|
49.30
|
8.7%
|
|
Chemicals & Chemical Products
|
56.05
|
9.9%
|
53.61
|
9.4%
|
|
Electrical & Electronic Products
|
171.44
|
30.2%
|
166.09
|
29.2%
|
|
Other Products
|
113.45
|
20.0%
|
114.79
|
20.0%
|
|
Total
|
568.03
|
100.00
|
568.48
|
100.00
|