Türkiye-Malaysia Economic and Trade Relations

Economy of Malaysia

GDP (billion USD)

337

Inflation Rate (%)

0,8

Real GDP Growth Rate (%)

4,3

Unemployment Rate (%)

4,5

Population (million)

32,7

Exports (fob-billion USD)

245

Population Growth Rate (%)

0,6

Imports (fob-billion USD)

199

GDP Per Capita (USD)

10.570

Number of Turkish Firms in the Country

20

References: Ministry of Economy of Türkiye, EIU, World Bank

Main Trade Partners: China, Singapore, Japan, USA, Australia, Thailand, Indonesia, India, S. Korea, Vietnam.

Main Export Items: Electronic integrated circuits and microassemblies, semi-conductors, petroleum gases, petroleum oils, not crude, palm oil & its fraction, crude petroleum oils, automatic data processing machines;optical reader, etc.

Main Import Items: Electronic integrated circuits and microassemblies, petroleum oils, not crude, crude petroleum oils, textile products, fruits-vegetables, diodes/transistors&sim semiconductor devices; etc.

Bilateral Economic and Commercial Relations:

YEARS

EXPORT

IMPORT

VOLUME

BALANCE

2017

293.313

3.097.171

3.390.484

-2.803.858

2018

375.683

2.251.571

2.627.254

-1.875.887

2019

354.238

1.847.831

2.202.069

-1.493.592

2020

381.913

1.989.963

2.371.876

-1.608.051

2021

444.983

3.098.190

3.543.173

-2.653.207

Reference: Ministry of Trade (thousand USD)

Main Export Items of Türkiye: Defence industry items, vehicles, parts and accessories, mineral oils and their derivatives, iron and steel, machinery and equipment, boron and borates, carpet, food (fruits-vegetables)

Main Import Items of Türkiye: Palm oil & its fraction, synthetic filam yarn, articles of apparel&clothing accessories of vulcanised rubber, electronic integrated circuits and microassemblies, synthetic staple fibres, not carded.