Malaysia B2B Marketplace

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Malaysia

Malaysia, located in South East Asia, has developed itself as a rising multi-sector economy since the 1970s. Manufacturing plays a significant role in improving the country's economy. International trade is a vital driver of the economy. Export of electronics, in particular, has a large influence on the financial system. Malaysia has an abundance of natural resources in areas such as agriculture, forestry and minerals. When it comes to agriculture, the country is among the top exporters of natural rubber and palm oil. In terms of minerals, petroleum and natural gas have contributed greatly to the country's economy.

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Economy of Malaysia
Currency

Ringgit

Fiscal Year

01 January - 31 December

GDP(PPP)

$14,500

Exports

$176.4 Billion

Imports

$139.1 Billion

Main Industries

rubber, oil palm processing,manufacturing, light manufacturing,electronics, tin mining,smelting, logging, timber processing, petroleum production, agriculture processing, petroleum production and refining.

Export Goods

electronic equipment,wood, wood products, palm oil, rubber, textiles,chemicals, petroleum and liquefied natural gas.

Import Goods

electronics, machinery,petroleum products,plastics, vehicles,chemicals, iron and steel products.