Which countries does Malaysia Trade with the most?

Which country Malaysia trade the most?

Malaysia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 33,690 14.15
Singapore 33,036 13.88
United States 23,150 9.72
Hong Kong, China 16,063 6.75

What do Malaysia trade the most?

Malaysia’s main exports are: electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent).

What countries trade with Malaysia?

In 2019, Malaysia major trading partner countries for exports were China, Singapore, United States, Hong Kong, China and Japan and for imports they were China, Singapore, United States, Japan and Other Asia, nes.

What country does Malaysia export to?

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Malaysia Exports By Country Value Year
China $37.77B 2020
Singapore $33.91B 2020
United States $26.00B 2020
Hong Kong $16.24B 2020

What did Malaysia trade?

Economy of Malaysia

Statistics
Exports $263 billion (2017 est.)
Export goods Semiconductor & electronic products, palm oil, liquefied natural gas, petroleum, chemicals, machinery, vehicles, optical & scientific equipment, manufactures of metal, rubber, wood and wood products

Which product is largely exported by Malaysia and why?

Searchable List of Malaysia’s Most Valuable Export Products. At the more granular four-digit HTS code level, Malaysia’s most valuable exported products are electronic integrated circuits plus related parts followed by refined petroleum oil, petroleum gases and palm oil followed by solar power components then computers.

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Is Malaysia an exporting country?

In 2019, Malaysia exported a total of $273B, making it the number 21 exporter in the world.

What are Malaysia’s top agricultural exports?

Malaysian agricultural production consists of tree crops (mainly for export), rice and livestock (mainly for domestic consumption), and fruits and vegetables (both export and domestic consumption). Main export crops include oil palm, rubber, cocoa, pineapple and pepper and cover over 75% of cultivated land.

What does Malaysia export to Japan?

The Malaysian side emphasized that Japan is an important market for Malaysia’s timber and timber products and, primary processed products such as logs still form the bulk of its current exports to Japan. Malaysia currently exports around 1.5 million m3 of logs to Japan.

Is Malaysia a net importer or exporter?

“Overall, Malaysia is a net importer of crude oil and petroleum products, with a deficit of RM1.