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