Exports The top exports of Malaysia are Integrated Circuits ($63B), Refined Petroleum ($17.8B), Petroleum Gas ($11.5B), Semiconductor Devices ($9.65B), and Palm Oil ($8.91B), exporting mostly to Singapore ($36.2B), China ($36.2B), United States ($30.7B), Hong Kong ($17.2B), and Japan ($16.3B).
What are the imports and exports of Malaysia?
Malaysia Exports and Imports of Product Groups 2019
Malaysia Raw materials imports are worth US$ 22,887 million, product share of 11.17%. Malaysia Intermediate goods exports are worth US$ 47,959 million, product share of 20.14%. Malaysia Intermediate goods imports are worth US$ 49,092 million, product share of 23.96%.
What goods are imported into Malaysia?
Malaysia’s main imports are: electrical and electronic products (29.4 percent), chemicals (9.5 percent), petroleum products (9.3 percent) and machinery, appliances and parts (8.7 percent).
What goods are exported from Malaysia?
Malaysia’s main exports are: electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent).
What is Malaysia’s top export?
The top export categories (2-digit HS) in 2019 were: electrical machinery ($4.4 billion), machinery ($1.3 billion), aircraft ($1.1 billion), optical and medical instruments ($998 million), and plastics ($871 million). U.S. total exports of agricultural products to Malaysia totaled $1.2 billion in 2019.
What food does Malaysia import?
Malaysia imports most of its food from China, India, Thailand, Indonesia and New Zealand. Government statistics showed the highest amount of import in 2018 were for cereals at RM7. 1 billion, followed by coffee, cocoa, tea and spices worth RM7 billion and feedstock valued at RM5. 9 billion.
How much is import duty in Malaysia?
Malaysia’s tariffs are typically imposed on a value-add basis, with a simple average applied tariff of 6.1 percent for industrial goods.
How can I avoid custom duty in Malaysia?
Any golden rules or possibilities to avoid or escape from duty tax in legal way?
- Break the shipment into a few small shipments, said one piece per shipment that not more than 0.5kg.
- Ship via normal mail instead of parcel or courier.
- If you do not want to be taxed, go under the less-than-RM500 rule.
How much is the custom duty in Malaysia?
Malaysian customs imposes a standard goods and service tax (GST) on imported goods at 6 percent. Malaysia customs apply a tariff on exported goods between 0 to 10 percent, following ad valorem rates.
Which country does Malaysia Trade with the most?
Malaysia top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||16,063||6.75|
Where does Malaysia export oil to?
The main destination of Crude Petroleum exports from Malaysia are: Australia ($1.94B), India ($1.63B), Thailand ($1.5B), Singapore ($1.05B), and China ($461M). The fastest growing export markets for Crude Petroleum of Malaysia between 2018 and 2019 were Saudi Arabia ($24.5M), Vietnam ($8.92M), and Brunei ($215k).
What is Vietnam’s largest export?
Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).