National Trade Blueprint

7 National Trade Blueprint Context Setting Merchandise export is a central pillar of Malaysia’s economy, contributed to 66% of Malaysia’s GDP in 2019 and record a compounded annual growth rate (CAGR) at 6.4% between 2015-2019. Malaysia’s export performance has improved steadily over the last 10 years, albeit at a slower growth rate as compared to the period between 2000 to 2010. Malaysia’s export performance is fueled by sectors such as electrical & electronic products, petroleum products and chemicals & chemical products, among others. In terms of export destinations, Malaysia’s biggest export markets are China and Singapore with a share of 14.2% and 13.8% respectively in 2019. Meanwhile, Hong Kong, Taiwan and Viet Nam have emerged to become one of Malaysia’s top export destinations in recent years. Analysis of Malaysia’s merchandise exports indicate that the top 10 product categories and export destinations accounted for nearly 77.3% and 71.2%, respectively, out of the total merchandise exports from Malaysia in 2019. Malaysia, A Trading Nation Key Indicators Malaysia’s export, 2019 RM995.07 billion Total export value 66% Contribution of export to GDP 17% RE-export share Contribution of FDI in export oriented investments 17.9% SMEs’ contribution to export Number of exporters 31,035 RM33.20 billion Export oriented investments 74.1%