What does Malaysia import and export?
Malaysia Exports and Imports of Product Groups 2019
Malaysia Raw materials exports are worth US$ 12,844 million, product share of 5.39%. Malaysia Raw materials imports are worth US$ 22,887 million, product share of 11.17%. Malaysia Intermediate goods exports are worth US$ 47,959 million, product share of 20.14%.
What are the main exports of Malaysia?
Economy of Malaysia
|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|
What are Malaysia’s major imports?
Malaysia’s main imports are: electrical and electronic products (29.4 percent), chemicals (9.5 percent), petroleum products (9.3 percent) and machinery, appliances and parts (8.7 percent).
What is the main product in Malaysia?
Primary production remains important: the country is a major producer of rubber and palm oil, exports considerable quantities of petroleum and natural gas, and is one of the world’s largest sources of commercial hardwoods.
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.
What is Malaysia main source of income?
According to the World Bank, Malaysia is an upper-middle income country. The manufacturing sector, including electronics, has emerged as the leading economic sector, followed by agriculture (agriculture, livestock, forestry and fisheries), and the retailing and hospitality sectors.
Is Malaysia richer than Korea?
Malaysia has a GDP per capita of $29,100 as of 2017, while in South Korea, the GDP per capita is $39,500 as of 2017.
What does Malaysia import from other countries?
- Electrical machinery, equipment: US$57.3 billion (30.2% of total imports)
- Mineral fuels including oil: $22.7 billion (11.9%)
- Machinery including computers: $17.9 billion (9.4%)
- Plastics, plastic articles: $7.8 billion (4.1%)
- Optical, technical, medical apparatus: $5.4 billion (2.8%)
- Iron, steel: $5 billion (2.6%)