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Economy of Malaysia

Malaysia is a federal constitutional monarchy that is situated in the Southeast region of Asia. The country shares its maritime border with Singapore, Vietnam, and Indonesia. Kuala Lumpur is the capital of Malaysia, while Putrajaya is the largest city of the country. Malaysia is a kind of nation who has transformed itself quite along for maintaining strong economic by producing a heavy amount of raw materials for diverse sectors. The estimated GDP of the Malaysia in terms of purchasing power parity (PPP) is $525 billion as of 2013, which is the thirtieth largest when compared to the rest of the countries. More and more companies are seeking to invest in Malaysia due to its better law and order situation. A large amount of interest has been shown by the investors in the multiple sectors, such as in Islamic finance, high technology industries, biotechnology and many others. The 32% of the government revenue was generated by the prosper oil and gas sector. Other notable industries of Malaysia include light manufacturing, pharmaceuticals, medical technology, electronics and agriculture processing. Malaysia has the calendar year system for handling the annual fiscal affairs of the country.

Imports of Malaysia

Malaysia is at the 27th spot in the list of largest importing countries of the world. The estimated import value of Malaysia is $192.9 billion as per the stats collected in the year 2013. Malaysia imports a high amount of electronics, machinery, petroleum products, plastics, vehicles, iron and chemicals to meet its internal demands. The major import partners of Malaysia include China, Singapore, Japan, United States of America, Indonesia and South Korea.

Exports of Malaysia

With the estimated export value of $230.7 billion as of 2013, Malaysia lies at the 24th spot in the list of largest exporting countries of the world. The major export commodities of the nation include electronic equipment, palm oil, petroleum, wood products, textiles, chemicals and solar panels. Singapore, China, Japan, Thailand and India are the major exports partner of Malaysia.

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Kuala Lumpur
Dialing Code
Fiscal Year
01 January - 31 December
Ringgit (Malaysian D (MYR)
$212.7 billion (2011 est.) | Electronic Equipment, Petroleum And Liquefied Natural Gas, Wood And Wood Products, Palm Oil, Rubber, Textiles, Chemicals
$168 billion (2011 est.) | Electronics, Machinery, Petroleum Products, Plastics, Vehicles, Iron And Steel Products, Chemicals
Peninsular Malaysia - Rubber And Oil Palm Processing And Manufacturing, Light Manufacturing, Pharmaceuticals, Medical Technology, Electronics, Tin Mining And Smelting, Logging, Timber Processing; Sabah - Logging, Petroleum Production; Sarawak - Agriculture Processing, Petroleum Production And Refining, Logging