Category: Malaysia

Country Malaysia
Profile: Southeast Asian country known for its diverse culture, rainforests, and technological innovation.
Export-Import Data: Exports electronics, palm oil, and petroleum. Imports machinery and consumer goods.
Trading Partners: China, Singapore, United States.
Future Opportunities: Technology innovation, sustainable palm oil production, and eco-tourism.

Mar 08

Palm oil finishes lower on weaker rival oil prices

Malaysian palm oil futures finished lower on Tuesday, extending losses to a second consecutive session, as weaker rival vegetable oils weighed on prices. The benchmark palm oil contract FCPO1! for May delivery on the Bursa Malaysia Derivatives Exchange slid 77 ringgit, or 1.8%, to 4,206 ringgit ($940.94) by the end of trading on Tuesday. Dalian’s most-active soyoil contract (DBYcv1) fell 1.03%, while its palm oil contract (DCPcv1) lost 1.51%. Soyoil prices on the Chicago Board of Trade (BOcv1) were down Read Full Details…

Feb 21

Global slowdown may derail momentum

KUALA LUMPUR: Malaysia kicks off 2023 with another commendable trade performance but economists warn that the momentum may not last for long given the looming global slowdown. They said the country’s total trade, which grew nearly two per cent year-on-year (y-o-y) to over RM207 billion in January, remained robust although export growth was moderated sharply to a 27-month low. “Malaysia’s export performance has been commendable especially on the back of high base last year as well as uncertainties over global Read Full Details…

Feb 15

The Road to Trade Winds ASEAN: Malaysia

U.S. businesses looking for opportunities to export to Southeast Asia should strongly consider Malaysia. A country with a growing upper-middle income population, Malaysia has a well-established legal framework, a business-friendly environment, and a large English-speaking worker and consumer base. With an increasingly receptive market for sophisticated products and services, including in technology, manufacturing, and healthcare, Malaysia remains the 19th largest trading partner of the United States, and trade between the two countries has nearly doubled over the last decade, peaking Read Full Details…

Feb 15

Indonesia and Malaysia move to secure palm oil exports amid talks of EU deforestation ban

With aims to secure a steady flow of palm oil exports from Asia toward the EU, Indonesia and Malaysia are sending a joint delegation to Europe to gather more information and present their views on the bloc’s future policy regarding the commodity. A new ban on deforestation-linked commodities may block future imports of palm oil from the two countries. All the involved players, Indonesia, Malaysia and the EU, have signaled that the future of free trade for palm oil is Read Full Details…

Jan 30

Singapore and Malaysia sign agreements to deepen cooperation in digital, green economy

Singapore and Malaysia have agreed to strengthen bilateral cooperation and jointly seize opportunities in the digital economy and green economy, and to work closely on data protection and cyber security. Prime Minister Lee Hsien Loong and Malaysian Prime Minister Anwar Ibrahim witnessed the signing of three agreements covering these fields on Monday, during Datuk Seri Anwar’s first official visit to the Republic since he was sworn in as Malaysia’s 10th PM on Nov 24. The deals followed a meeting between Read Full Details…

Jan 20

Economists see global economic downturn to impact Malaysia’s 2023 external trade

Malaysian economists have said that a global economic downturn is expected to drag Malaysia’s 2023 external trade. Maybank Investment Bank said in a note that it forecasts slower 2023 exports and imports growth of 4 percent and 6 percent respectively for Malaysia as it expects global real gross domestic product growth to slump this year amid stagnation or recession in major advanced economies. “Keeping this year’s external trade in the slow growth territory is the expected firmer growth of China, Read Full Details…

Jan 19

Malaysia’s trade surplus hits record high in 2022, growth expected at ‘softer pace’ this year

KUALA LUMPUR: Malaysia’s trade surplus hit a record high of RM255.1 billion (US$59.09 billion) last year, International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz said on Wednesday (Jan 18). This is the 25th consecutive year the country has recorded a trade surplus since 1998. A trade surplus occurs when the value of a country’s exports exceeds the costs of its imports. The Ministry of International Trade and Industry (MITI), however, has warned that the country’s trade performance is Read Full Details…