Annual Report 2019

Sustaining Export Development Trade Performance Report // 33 Trade with West Asia decreased by 1.5% to RM72.36 billion in 2019 compared to RM73.46 billion recorded in the previous year. Exports to West Asia also contracted by 8.1% to RM29.00 billion compared to RM31.54 billion in 2018. Imports from this region increased by 3.4% to RM43.36 billion in 2019, from RM41.92 billion in 2018. The UAE and Saudi Arabia remained as the major trading partners in West Asia in 2019, each valued at RM26.63 billion (36.8% share) and RM22.31 billion (30.8% share). Major export products to the region were palm oil and palm oil-based agriculture products, valued at RM4.50 billion and accounted for 15.5% of Malaysia’s total exports to West Asia, followed by E&E products and jewellery. The UAE was the major export market and accounted for 38.6% of total exports to the region. It was followed by Turkey (24.0%) and Saudi Arabia (12.1%). Major export products to the UAE were jewellery with 26.8% share and E&E products (25.5%). WEST ASIA However, exports to the UAE recorded a decrease of 1.4% to RM11.19 billion due to lower exports of petroleum products, manufactures of metal and tin. Imports from the UAE increased by 32.3% to RM15.44 billion. Main imports were petroleum products, crude petroleum as well as chemicals and chemical products. Major Trading Partners Saudi Arabia United Arab Emirates Total Trade with West Asia 1.5 % RM 72.36 billion Exports to West Asia 8.1 % RM 29.00 billion Imports from West Asia 3.4 % RM 43.36 billion Major Exports Palm Oil (Agriculture) E&E Products Jewellery SUMMARY OF MARKET PERFORMANCE