What is the main product of Malaysia?

What is the most important product in Malaysia?

Electronics and electrical products were Malaysia’s most valuable exports, followed by palm oil and timber products.

Value of major exports of Malaysia in 2019, by product (in billion Malaysian ringgit)

Characteristic Export value in billion Malaysian ringgit

What is Malaysia famous for producing?

Primary production remains important: the country is a major producer of rubber and palm oil, exports considerable quantities of petroleum and natural gas, and is one of the world’s largest sources of commercial hardwoods.

What are Malaysia products?

Economy of Malaysia

Exports $263 billion (2017 est.)
Export goods Semiconductor & electronic products, palm oil, liquefied natural gas, petroleum, chemicals, machinery, vehicles, optical & scientific equipment, manufactures of metal, rubber, wood and wood products

What is Malaysia’s main industry?

Malaysia: Economy

Economic Trivia The oil and gas sector supplies about 35% of government revenue.
Top Industries Rubber and Oil Palm Processing and Manufacturing; Petroleum and Natural Gas; Light Manufacturing; Pharmaceuticals

What products are in high demand in Malaysia?

The top eCommerce product categories favoured by Malaysians with respective to spend are:

  • Travel (pre-COVID)
  • Consumer Electronics.
  • Fashion & Beauty.
  • Food & Personal care.
  • Home Appliances and Baby Products.

Is Malaysia richer than Korea?

Malaysia has a GDP per capita of $29,100 as of 2017, while in South Korea, the GDP per capita is $39,500 as of 2017.

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What are the imports and exports of Malaysia?

Malaysia Exports and Imports of Product Groups 2019

  • Malaysia Raw materials exports are worth US$ 12,844 million, product share of 5.39%.
  • Malaysia Raw materials imports are worth US$ 22,887 million, product share of 11.17%.
  • Malaysia Intermediate goods exports are worth US$ 47,959 million, product share of 20.14%.