Top Export Trading Partners of Malaysia - Volza

Malaysia's primary export trading partners in 2023 are crucial to its economy. Top partners include China (18% of exports, $45 billion), Singapore (14%, $35 billion), the United States (11%, $27.5 billion), Japan (8%, $20 billion), and Hong Kong (7%, $17.5 billion).

Key exports to these countries include electronics, palm oil, petroleum products, machinery, and rubber. Trade agreements such as the ASEAN Free Trade Area (AFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)facilitate smoother trade flows.

Malaysia's GDP growth rate stands at 4.5%, with an inflation rate of 2.1%, impacting its trade dynamics. Strategic incentives, including tax breaks and export subsidies, along with robust infrastructure and port facilities, enhance Malaysia's export competitiveness. These factors, combined with strong government support, ensure Malaysia's position as a key exporter in the global market.