32 TOWARDS THE FUTURE OF SUSTAINABLE EXPORTS The United States (US) remained Malaysia’s third-largest trading partner, with a share of 9.4% of total trade, increasing 23.3% to RM267.63 billion from 2021. Exports to the US reached a record high, growing 17.6% to RM167.21 billion, attributed to the increase in exports of E&E products, petroleum products, and iron and steel products. The primary export items to the United States were E&E products (57.4%), optical and scientific equipment (6.7%), and wood products (4.5%). Imports from the United States increased 34.4% to RM100.42 billion. The main imported goods were E&E products, transport equipment, and machinery, equipment and parts. TOTAL TRADE RM267.57 billion 23.3% TOTAL TRADE RM181.5 billion 21.2% E & E PRODUCTS OPTICAL AND SCIENTIFIC EQUIPMENT WOOD PRODUCTS THE UNITED STATES IMPORTS RM100.42 billion 34.4% IMPORT RM83.27 billion 12.6% KEY EXPORTS KEY EXPORTS EXPORTS RM167.15 billion 17.5% EXPORTS RM98.24 billion 29.6% Japan remained Malaysia’s fourth-largest trading partner, with trade increasing 21.4% to RM181.73 billion. Trade with Japan constituted 6.4% of Malaysia’s total trade. JEPUN Japan was also Malaysia’s fourth-largest export market. Exports to Japan saw double-digit growth for the second consecutive year, increasing 30.1% to RM98.66 billion following increased exports of LNG, crude petroleum, and palm oil and palm oil-based agriculture products. The primary export items to Japan were LNG at 31%, E&E products (24.3%), and crude petroleum (4.7%). Imports from Japan increased by 12.4% to RM83.08 billion. The main imported goods were E&E products, machinery, equipment and parts, and manufactures of metal. LNG E & E PRODUCTS CRUDE PETROLEUM
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