China is Malaysia’s main export market in 2019

China is Malaysia’s main export market in 2019

18 Dec 2020

Malaysia’s main export destination country in 2019 was China with an export value of RM140.9 billion or 14.2 percent of Malaysia’s overall exports followed by Singapore with a value of RM137.1 billion (13.8%).

According to data from the Department of Statistics Malaysia (DOSM), China was the main export destination for Pulau Pinang (RM50.9 billion – 36.1%), Selangor (RM20.9 billion – 14.8%), Pahang (RM5.7 billion – 4.0%) and W.P. Kuala Lumpur (RM4.9 billion – 3.5%).

At the same time, Singapore was also the main export destination for Johor (RM51.8 billion – 37.8%), Melaka (RM9.6 billion – 7.0%) and Terengganu (RM4.6 billion – 3.4%).

However, Malaysia’s exports in 2019 were RM995.1 billion, down 0.8% from 2018, while imports also decreased by 3.5% to RM849.4 billion.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said five states that dominate Malaysia’s export were Pulau Pinang, Johor, Selangor, Sarawak and W.P. Kuala Lumpur.

He added that the contribution of these five states accounted for 80.2% of Malaysia’s total exports.

“In 2019, overall Malaysia’s trade registered net exports of RM145.7 billion. This was contributed by high net exports especially in Pulau Pinang (+RM106.2 billion), Sarawak (+RM61.4 billion), Johor (+RM25.2 billion) and Pahang (+RM11.8 billion).

“The main export product for Malaysia in 2019 was the electronic integrated circuit with a value of RM171.6 billion or 17.2% of Malaysia’s overall exports,” he said.

The electronic integrated circuit was the main export product for Pulau Pinang (RM113.0 billion – 65.9%), Selangor (RM25.1 billion – 14.6%) and Melaka (RM7.2 billion – 4.2%).

Other electrical and electronic products (printer, facsimile, photostat, hard drive, calculation/ accounting machine/ recording data and ticket production) were the second highest export product of RM94.5 billion (9.5%).

Other electrical and electronic products were also the main export products for Negeri Sembilan at RM3.4 billion or 3.6%.

The third highest export product was refined petroleum products of RM61.8 billion (6.2%).

Refined petroleum products were the main exports in Johor (RM40.7 billion – 65.8%), W.P. Kuala Lumpur (RM6.9 billion – 11.2%) and Terengganu (RM4.4 billion – 7.1%).

Additionally, DOSM has released the first publication of Malaysian Trade Statistics by State 2020 which is the new economic indicator for states in Malaysia.

This new publication contains statistics on annual Malaysia’s External Trade pertaining to imports and exports at the state level by major or selected commodities for the year 2014 to 2019, country of origin and destinations for the year of 2017 to 2019.

“These statistics provide imperative information to policy makers in formulating strategic planning for states involved in international trade and dominating Malaysia’s exports,” Mohd Uzir said.

Source: The Malaysian Reserve