Malaysia
Asia & Middle East
Trade in Malaysia
| Malaysia was the world’s 24th largest exporter of goods and 38th largest exporter of commercial services in 2022. Export values were $352.09 billion and $31.68 billion USD respectively. Malaysia’s top export category was Manufactures, followed by Machinery and transport equipment, and Office and telecom equipment. In 2022, Malaysia’s main export destination markets for goods and services trade were to China, Singapore and United States, with trade representing 146.66 per cent of GDP. In terms of imports, Malaysia is the world’s 24th largest importer of goods and 31st largest importer of commercial services. Import values were $293.80 billion and $44.59 billion USD respectively in 2022. Malaysia’s top import category was Manufactures, followed by Machinery and transport equipment and Office and telecom equipment. Leading import partners were China, Singapore and United States. Malaysia is part of 17 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and ASEAN – China. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Malaysia |
Abbreviation |
MY |
Capital |
Kuala Lumpur |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system of English common law, Islamic (sharia) law, and customary law; judicial review of legislative acts in the Federal Court at request of supreme head of the federation |
Language |
Malay |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Malaysian ringgit |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
http://mysstext.customs.gov.my/tariff/ |
Trade Information Portal |
http://www.customs.gov.my/front.html |
Last Reviewed: June, 2024
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