Malaysia is ranked 8th among Asia’s most developed country and is ranked 25th around the whole world. Malaysia has a very strong financial infrastructure and the economy is growing and stable. Most foreigners around the world would like to do business and other trading functions such as imports and exports in Malaysia. Continuously there are a lot of foreign start-up companies in Malaysia as the country gives various business opportunities to foreigners. In the recent reports it is claimed that Malaysia has a strong trade balance where there is positive figure of $66.4B of the country’s net exports. Importing and exporting trade functions in Malaysia has a positive and success rate in Malaysia since the country is globally welcoming other countries market. In Malaysia, Selangor is place where “Port Klang” is there which is the biggest and busiest port in Malaysia.
It is the place where the country’s most major trade activities take place. Trade of a country depends on the economy and business sectors which are successful in the country. Some of the trade sectors functioned in the country are as follows; Tourism sector, it is a sector where the country is ranked 3rd for the largest source of foreign exchange through tourism. Islamic financial sectors, Fax Lists it is the sector which is widely functioned in the country which includes the fact of lot of female workers. It is the fact initiating their people to work for the country’s welfare. Telecommunication sectors. Cosmetics, which is the most growing business among entrepreneurs in Malaysia. Public transportation. Import In Malaysia In 193,855,940.67 in thousands of US$ which is a successful trade balance of 22,572,488.55 trade growth which is 0.50% compared to the world growth of 1.50%. The GDP of goods and services imports in Malaysia is around 64.45%. Malaysia has recently imported $197B which is placed 23rd of the world’s largest importer.
For the last 5 years the country has increased with an annual of rate 1.2% from $186B to $197B. Some of the latest import records of the country shows that the Integrated Circuits are 18.9% and Refined Petroleum of 7.87% which is total imports of Malaysia. The country’s top import products are as follows; IMPORT PRODUCTS RATE Integrated Circuits Percentage of the country’s import products; IMPORT PRODUCTS PERCENTAGE Electrical and Electronic Products 29.4% Chemicals Country’s import partners as follows; Read Also: Set up a partnership company in Malaysia Export In Malaysia Malaysia has a total export of 216,428,429.22 in thousands of US$ which is a successful trade balance of 22,572,488.55 trade growth which is 0.50% compared to the world growth of 1.50%. the export if goods and services in Malaysia’s GDP is around 71.39%.