Overview

In 2019, Malaysia’s trade surplus continued to register double-digit growth for the 3rd consecutive years, widening by 11% to RM137.39 billion compared to RM123.78 billion in 2018. This was the largest trade surplus since 2009, representing Malaysia’s achievement of 22 consecutive years of trade surplus.

Trade with the EU in 2019 amounted to RM174.65 billion or 9.5% share of Malaysia’s trade, a decrease of 4.8% compared to 2018. Exports to the EU declined by 2.9% to RM95.78 billion due to lower exports of manufactures of metal, palm oil and palm oil-based agriculture products, chemicals and chemical products as well as iron and steel products.

However, improved export performance was seen in exports of machinery, equipment and parts, petroleum products, transport equipment, palm oil-based manufactured products and processed food which collectively increased by RM1.44 billion. Manufactured goods continued to dominate exports to the region with the share expanded to 91.3%, marking the highest share since 2001, in comparison with the agriculture and mining goods.

Imports from the EU dropped by 7% to RM78.88 billion and the main imports were E&E products, machinery, equipment and parts as well as transport equipment.

Source: MATRADE

KEY STATISTICS ON TRADE

Year-On-Year Export Growth Trend Of Main Sectors, 2019-2020

KEY STATISTICS ON TRADE

Year-On-Year Export Growth Trend Of Main Sectors, 2019-2020

Source: Department of Statistics, Malaysia
Compiled By : MATRADE

Malaysia's Total Trade By EU Regions as at December 2019
Top 10 Major Imports & Exports, 2019

- By EU Regions as at December 2019 (RM Million)
Country 2019 Share (%)
EU 28 174,654.0 9.5
FEDERAL REPUBLIC OF GERMANY 52,708.8 30.2
NETHERLANDS 31,005.2 17.8
FRANCE 17,066.1 9.8
UNITED KINGDOM 16,439.4 9.4
ITALY 12,098.8 6.9
SPAIN 7,311.6 4.2
BELGIUM 7,861.7 4.5
HUNGARY 2,930.6 1.7
POLAND 2,959.1 1.7
CZECH REPUBLIC 2,882.3 1.7
SWEDEN 3,426.1 2.0
IRELAND 5,313.6 3.0
AUSTRIA 2,730.2 1.6
SLOVENIA 1,637.5 0.9
DENMARK 1,817.4 1.0
FINLAND 1,382.5 0.8
GREECE 712.5 0.4
BULGARIA 551.7 0.3
ROMANIA 871.2 0.5
PORTUGAL 721.2 0.4
ESTONIA 403.3 0.2
SLOVAKIA 407.8 0.2
LITHUANIA 419.2 0.2
LUXEMBOURG 189.5 0.1
LATVIA 145.9 0.1
CYPRUS 85.2 0.0
MALTA 463.0 0.3
CROATIA 112.5 0.1

Tabulated by Matrade

Malaysia's Total Export By Sector / Industry as at December 2019
By Sector / Industry as at December 2019 (RM Million)
MITI Industry 2019 Share (%)
TOTAL 95,777.8 100.0
AGRICULTURE GOODS 7,688.8 8.0
Palm oil & palm oil based agriculture products 5,346.2 5.6
Natural rubber 880.0 0.9
Sawn timber & moulding 669.5 0.7
Other vegetable oil 536.4 0.6
Seafood, fresh, chilled or frozen 32.3 0.0
Other agricultures 224.3 0.2
MANUFACTURED GOODS 87,453.8 91.3
Electrical & electronic products 46,794.7 48.9
Optical & Scientific Equipment 6,079.0 6.3
Rubber Products 5,472.4 5.7
Palm oil-based manufactured products 4,234.1 4.4
Machinery, Equipment & Parts 4,761.4 5.0
Transport Equipment 3,462.4 3.6
Textiles, apparels & footwear 1,792.1 1.9
Manufactures of Metal 2,414.8 2.5
Chemicals & chemical products 1,497.0 1.6
Wood Products 1,398.0 1.5
Iron & Steel Products 1,507.2 1.6
Manufactures of Plastics 1,061.2 1.1
Processed food 811.5 0.8
Non-Metallic Mineral Products 239.1 0.2
Paper & Pulp Products 231.6 0.2
Petroleum Products 1,347.1 1.4
Beverages & Tobacco 36.3 0.0
Jewellery 37.1 0.0
Other manufactures 4,276.8 4.5
MINING GOODS 337.9 0.4
Tin 290.5 0.3
Metalliferous ores and metal scrap 45.1 0.0
Crude Fertilizers and crude minerals 2.3 0.0
OTHERS 297.4 0.3

Tabulated by Matrade

By Region as at December 2019 (RM Million)
Country 2019 Share (%)
TOTAL 986,402.5 100.0
EU28 95,777.8 9.7
FEDERAL REPUBLIC OF GERMANY 25,963.4 27.1
NETHERLANDS 25,313.5 26.4
UNITED KINGDOM 9,087.6 9.5
FRANCE 6,206.2 6.5
SPAIN 4,542.6 4.7
ITALY 5,046.3 5.3
BELGIUM 4,517.0 4.7
HUNGARY 2,282.8 2.4
CZECH REPUBLIC 1,905.2 2.0
POLAND 1,816.3 1.9
SLOVENIA 1,431.7 1.5
SWEDEN 1,214.9 1.3
IRELAND 1,251.7 1.3
DENMARK 821.4 0.9
AUSTRIA 453.6 0.5
BULGARIA 417.0 0.4
ROMANIA 675.6 0.7
FINLAND 620.8 0.6
PORTUGAL 516.2 0.5
ESTONIA 298.9 0.3
GREECE 483.0 0.5
LITHUANIA 113.8 0.1
SLOVAKIA 291.0 0.3
LATVIA 101.4 0.1
LUXEMBOURG 109.8 0.1
CYPRUS 58.7 0.1
MALTA 151.4 0.2
CROATIA 86.1 0.1

Tabulated by Matrade

Malaysia's Total Import By Sector / Industry as at December 2019
By Sector/Industry for December 2019 (RM Million)
MITI Industry 2019 Share (%)
TOTAL 78,876.1 100.0
AGRICULTURE GOODS 1,272.9 1.6
Sawn timber & moulding 177.7 0.2
Other vegetable oil 137.8 0.2
Seafood, fresh, chilled or frozen 85.0 0.1
Palm oil & palm oil based agriculture products 5.4 0.0
Saw logs 0.8 0.0
Natural rubber 1.2 0.0
Other agricultures 864.9 1.1
MANUFACTURED GOODS 76,617.2 97.1
Electrical & electronic products 17,687.4 22.4
Machinery, Equipment & Parts 13,308.3 16.9
Transport Equipment 12,198.2 15.5
Chemicals & chemical products 11,093.9 14.1
Optical & Scientific Equipment 3,986.3 5.1
Processed food 2,983.6 3.8
Manufactures of Metal 2,551.9 3.2
Petroleum Products 2,010.0 2.5
Iron & Steel Products 1,960.5 2.5
Beverages & Tobacco 1,387.7 1.8
Textiles, apparels & footwear 1,209.7 1.5
Paper & Pulp Products 1,275.3 1.6
Manufactures of Plastics 868.4 1.1
Non-Metallic Mineral Products 502.7 0.6
Palm oil-based manufactured products 569.1 0.7
Rubber Products 626.8 0.8
Jewellery 283.0 0.4
Wood Products 171.5 0.2
Other manufactures 1,943.0 2.5
MINING GOODS 215.3 0.3
Crude Fertilizers and crude minerals 102.3 0.1
Metalliferous ores and metal scrap 78.8 0.1
Tin 2.7 0.0
Other Mining 31.5 0.0
OTHERS 770.6 1.0

Tabulated by Matrade

By Region for December 2019 (RM Million)
Country 2019 Share (%)
TOTAL 849,009.2 100.0
EU 78,876.1 9.3
FEDERAL REPUBLIC OF GERMANY 26,745.4 33.9
FRANCE 10,859.9 13.8
ITALY 7,052.6 8.9
UNITED KINGDOM 7,351.8 9.3
NETHERLANDS 5,691.7 7.2
SPAIN 2,769.0 3.5
BELGIUM 3,344.7 4.2
AUSTRIA 2,276.6 2.9
SWEDEN 2,211.2 2.8
IRELAND 4,061.9 5.1
POLAND 1,142.8 1.4
CZECH REPUBLIC 977.1 1.2
DENMARK 995.9 1.3
HUNGARY 647.8 0.8
FINLAND 761.8 1.0
GREECE 229.5 0.3
SLOVENIA 205.8 0.3
PORTUGAL 205.0 0.3
ROMANIA 195.6 0.2
BULGARIA 134.7 0.2
ESTONIA 104.4 0.1
SLOVAKIA 116.9 0.1
LUXEMBOURG 79.7 0.1
LITHUANIA 305.4 0.4
MALTA 311.5 0.4
CYPRUS 26.4 0.0
CROATIA 26.4 0.0
LATVIA 44.5 0.1

Tabulated by Matrade

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