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Malaysia import Statistics

Malaysia Import Data

Malaysia is a vibrant frugality known for its strong import sector. As a gateway to Southeast Asia, Malaysia has seen significant growth in its import sector over time. By analyzing the Malaysia import data for 2023, we can gain perceptivity into the crucial trends and patterns that will shape the import geography in the coming time. Professionals can gain important insights into the nation's import market with the help of import data from Malaysia. Businesses can use this data to study market demand, spot patterns, and formulate wise strategic choices. Malaysia’s imports accounted for $265.97 billion in 2023, a decrease of 10% from the previous year. According to Malaysia’s import data, Malaysia imported items valued at about $294.43 billion in 2022. Let us dive into the instigative world of Malaysian import data to understand the driving factors, popular product orders, and arising requests.

Malaysia Import Data | Malaysia Customs Data

25

The country has been ranked 25th in global imports, showing a significant position in the international trade landscape. With an established presence in the import market, we have steadily contributed to the global exchange of goods and services.

1.1%

With a mere 1.1% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise. This figure of share percentage also highlights the considerable room for growth and expansion in terms of the country's imports.

CHINA

China holds a significant role as the largest import partner of the country in terms of goods imports. With its diverse economy and strategic location, China offers ample opportunities for international trade.

ELECTRICAL MACHINERY

Electrical machinery and equipment are the major and biggest import commodities of the country, playing a vital role in its economy. It contributes to the highest import value and share percentage of the country’s imports.

import

Top 10 imports of Malaysia

Malaysia, a prominent player in the global trade arena, boasts an impressive list of top imports and import partners. When it comes to the top 10 imports of Malaysia, the nation relies heavily on electronic products, machinery, chemical and petroleum products, as well as plastic, iron, and steel goods. The top 10 imports of Malaysia in 2023, according to the import data are:

  • Electrical machinery and equipment: 27.4% ($72.88 billion)
  • Mineral fuels and oils: 19.11% ($50.83 billion)
  • Nuclear reactors and machinery: 9.51% ($25.28 billion)
  • Plastics and articles thereof: 3.19% ($8.48 billion)
  • Vehicles: 3.1% ($8.25 billion)
  • Optical, medical, and surgical instruments: 2.51% ($6.66 billion)
  • Iron and steel: 2.24% ($5.95 billion)
  • Miscellaneous chemical products: 2.15% ($5.70 billion)
  • Aluminum and articles thereof: 1.94% ($5.15 billion) 
  • Precious stones and metals: 1.91% ($5.08 billion)
    • Partners

    Top 10 import partners of Malaysia

    Malaysia's import partners are equally diverse, forming strong trade alliances with China, which tops the list as Malaysia's largest import partner. Singapore, Japan, the United States, Thailand, and South Korea also emerged as vital import partners for the country. Major import partners of Malaysia in 2023 include:

    Value In Percentage(%)

  • China: 21.3% ($56.77 billion) 
  • Singapore: 11.9% ($31.56 billion) 
  • USA: 7.4% ($19.55 billion) 
  • Taiwan: 6.9% ($18.39 billion) 
  • Japan: 5.9% ($15.57 billion) 
  • Indonesia: 5% ($13.23 billion) 
  • South Korea: 4.6% ($12.11 billion) 
  • Thailand: 4.5% ($11.95 billion) 
  • Saudi Arabia: 3.6% ($9.58 billion) 
  • Australia: 2.9% ($7.62 billion)
    • Sample Data

    Growing imports: An insight into Malaysia Import Data 2023

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    The Malaysia import data for 2023 reveals an upward line in the volume and value of imported goods. As Malaysia continues to expand its artificial and consumer base, the demand for raw accouterments, ministry, and finished goods has surged. This growing import trend is reflective of robustly profitable exertion and places Malaysia as a significant player in the global trade arena. According to the customs database for imports of Malaysia, Electrical machinery (27.4%), mineral fuels and oils (19.11%), nuclear reactors and machinery (9.51%), and plastics (3.19%) are Malaysia's top imports in 2023. The total value of the top 10 imports of Malaysia is $194.26 billion.

    Benefits

    Benefits of the Malaysia Import Data

  • Develop leads from the Malaysian market by applying your ideas.
  • Learn about the country's present product demand.
  • Track your competitors and outperform them.
  • Build your marketing strategy on data.
  • Grow your market share in Malaysia.
  • Set long-term goals and optimize profits.

    • Frequently Asked Questions!!

    The total value of Malaysia’s top 10 exports in 2023 is $194.26 billion.

    Electronic Goods are in great demand for imports in Malaysia.

    China, Singapore, the United States, South Korea, and Japan were some of the major import partners of Malaysia in 2023.

    Malaysia imported goods worth $265.97 billion in 2023.

    Manufacturing, agriculture, and technology are some of the major import industries of Malaysia.

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