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ASEAN: Regional Trends in Economic Integration, Export ... - USITC

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MALAYSIA<br />

ECONOMIC PROFILE<br />

<strong>Economic</strong> Indicators<br />

2004 2008<br />

Population (million) 25.6 27.7<br />

Nom<strong>in</strong>al GDP (billion US$) 124.7 222.2<br />

Real GDP growth (%) 6.8 4.6<br />

Goods exports (million US$) 126,817 198,919<br />

Goods imports (million US$) 99,244 154,708<br />

Trade balance (million US$) 27,573 44,211<br />

GDP per capita (US$ at PPP) 10,854 13,852<br />

Inward FDI stock (million US$) 43,047 73,262<br />

Source: Economist Intelligence Unit, Country Report:<br />

Malaysia, June 2009; United Nations Conference on Trade<br />

and Development, FDISTAT Interactive Database. PPP =<br />

purchas<strong>in</strong>g power parity.<br />

Sources of GDP (2009)<br />

Industry<br />

42.3%<br />

Malaysia’s trade agreements <strong>in</strong>clude:<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />

cover<strong>in</strong>g goods (eff. July 2003);<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />

cover<strong>in</strong>g services (eff. July 2007);<br />

• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />

goods (eff. Dec. 2008);<br />

• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />

agreement cover<strong>in</strong>g goods (eff. Jan. 1992);<br />

• Japan-Malaysia, free trade agreement and<br />

economic <strong>in</strong>tegration agreement cover<strong>in</strong>g goods<br />

and services (eff. July 2006); and<br />

• Pakistan-Malaysia, free trade agreement and<br />

economic <strong>in</strong>tegration agreement cover<strong>in</strong>g goods<br />

and services (eff. Jan. 2008).<br />

Source: World Trade Organization, <strong>Regional</strong> Trade<br />

Agreements, Malaysia, http://rtais.wto.org (accessed<br />

March 17, 2010). Eff. = effective.<br />

Agriculture<br />

10.1%<br />

Services<br />

47.6%<br />

Pr<strong>in</strong>cipal imports: electronics, mach<strong>in</strong>ery, petroleum<br />

products, plastics, vehicles, iron and steel products,<br />

and chemicals.<br />

Pr<strong>in</strong>cipal exports: electronic equipment, petroleum<br />

and liquefied natural gas, wood and wood products,<br />

palm oil, rubber, textiles, and chemicals.<br />

Source: U.S. Central Intelligence Agency, The World<br />

Factbook: Malaysia, March 2010.<br />

Ma<strong>in</strong> trade partners, percent of total, 2008<br />

<strong>Export</strong> markets<br />

Suppliers<br />

S<strong>in</strong>gapore 14.7 Ch<strong>in</strong>a 12.8<br />

United States 12.5 Japan 12.5<br />

Japan 10.8 S<strong>in</strong>gapore 11.0<br />

Ch<strong>in</strong>a 9.5 United States 10.8<br />

Thailand 4.8 Thailand 5.6<br />

Source: Economist Intelligence Unit, Country Report:<br />

Malaysia, June 2009.<br />

E-8

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