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Malaysia
| Economy Overview |
| With a GDP per capita of $7,653 Malaysia is one of the richest countries in southeast Asia. The population, about 27 million, is young: the median age is 24 years old. There are many business opportunities in the country, although selling to Malaysia is not always easy due to quotas, import licenses and customs duties for products that compete with Malaysian industry. The U.S. Commercial Service’s Country Commercial Guide for Malaysia as well the website of the U.S. Commercial Service’s Malaysia office offer some of the best resources for help entering the market.
The Malaysian economy is highly dependent on exports, particularly to the US. Malaysia exports mainly electrical machinery, mineral fuels, palm oil and natural rubber. MATRADE is the Malaysian trade promotion agency . Its website has excellent information about Malaysian industries and economics as well as links to business directories such as the Malaysian SME Business Directory .
Direct investment in Malaysia gets a lot of government support. Although labor cost can be as much as twice as expensive as in China, the labor force is well educated and the infrastructure is well developed. Recent reforms such as tax relief programs have been enacted to attract FDI. Learn more about investing in Malaysia on the website of the Malaysia Industrial Development Authority http://www.mida.gov.my/. And learn more about the country on the website of the Malaysian embassy in Washington .
And don’t forget FITA's Malaysia Country Profile for yet more Malaysia links and resources. |
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| Economy Statistics |
| Exports: |
$123.5 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
electronic equipment, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
US 18.8%, Singapore 15%, Japan 10.1%, China 6.7%, Hong Kong 6%, Thailand 4.8% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$99.3 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
Japan 16.1%, US 14.6%, Singapore 11.2%, China 9.9%, Thailand 5.6%, Taiwan 5.5%, South Korea 5%, Germany 4.5%, Indonesia 4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Malaysian International Chamber Of Commerce & Industry |
| Address: |
C-8-8, 8th Floor, Block C
Plaza Mont’ Kiara
2 Jalan Kiara, Mont’ Kiara
50480 Kuala Lumpur |
| Phone: |
+603 6201-7708 |
| Fax: |
+603 6201-7705 / 06 |
| Website: |
http://www.micci.com/ |
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