Breadcrumb

Malaysia

The United States and Malaysia engage closely on trade and investment issues, including under our 2004 Trade and Investment Framework Agreement

In 2018, Malaysia GDP was an estimated $354.3 billion (current market exchange rates); real GDP was up by an estimated 4.7%; and the population was 32 million. (Source: IMF)

U.S. goods and services trade with Malaysia totaled an estimated $57.8 billion in 2018. Exports were $16.5 billion; imports were $41.3 billion. The U.S. goods and services trade deficit with Malaysia was $24.9 billion in 2018.

Malaysia is currently our 18th largest goods trading partner with $52.4 billion in total (two way) goods trade during 2018. Goods exports totaled $13.0 billion; goods imports totaled $39.4 billion. The U.S. goods trade deficit with Malaysia was $26.3 billion in 2018.

Trade in services with Malaysia (exports and imports) totaled an estimated $5.4 billion in 2018. Services exports were $3.5 billion; services imports were $2.0 billion. The U.S. services trade surplus with Malaysia was $1.5 billion in 2018.

According to the Department of Commerce, U.S. exports of Goods and Services to Malaysia supported an estimated 73 thousand jobs in 2015 (latest data available) (54 thousand supported by goods exports and 18 thousand supported by services exports).

Exports

  • Malaysia was the United States' 25th largest goods export market in 2018.
     
  • U.S. goods exports to Malaysia in 2018 were $13.0 billion, up 1.1% ($139 million) from 2017 and up 0.5% from 2008. 

  • The top export categories (2-digit HS) in 2018 were: electrical machinery ($5.0 billion), machinery ($1.3 billion), aircraft ($1.1 billion), optical and medical instruments ($846 million), and plastics ($579 million).

  • U.S. total exports of agricultural products to Malaysia totaled $1.0 billion in 2018. Leading domestic export categories include: soybeans ($230 million), cotton ($106 million), dairy products ($101 million), prepared food ($94 million), and processed vegetables ($56 million).

  • U.S. exports of services to Malaysia were an estimated $3.5 billion in 2018, 1.8% ($65 million) less than 2017, but 104% greater than 2008 levels.  Leading services exports from the U.S. to Malaysia were in the travel, maintenance and repair services, and intellectual property (computer software, and industrial processes) sectors.

Imports

  • Malaysia was the United States' 15th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Malaysia totaled $39.4 billion in 2018, up 5.3% ($2.0 billion) from 2017, and up 28.0% from 2008.  U.S. imports from Malaysia account for 1.5% of overall U.S. imports in 2018.

  • The top import categories (2-digit HS) in 2018 were: electrical machinery ($25 billion), machinery ($4.0 billion), optical and medical instruments ($2.4 billion), rubber ($1.8 billion), and furniture and bedding ($926 million).

  • U.S. total imports of agricultural products from Malaysia totaled $997 million in 2018. Leading categories include: tropical oils ($515 million), cocoa paste & cocoa butter ($116 million), feeds & fodders ($57 million), other vegetable oils ($37 million), and rubber & allied products ($36 million).

  • U.S. imports of services from Malaysia were an estimated $2.0 billion in 2018, 12.2% ($216 million) more than 2017, and 54.2% greater than 2008 levels.  Leading services imports from Malaysia to the U.S. were in the transport, travel, and technical and other services sectors.

Trade Balance

  • The U.S. goods trade deficit with Malaysia was $26.3 billion in 2018, a 7.5% increase ($1.8 billion) over 2017.

  • The United States has a services trade surplus of an estimated $1.5 billion with Malaysia in 2018, down 16.1% from 2017.

Investment

  • U.S. foreign direct investment (FDI) in Malaysia (stock) was $13.6 billion in 2018, a 9.9% decrease from 2017. U.S. direct investment in Malaysia is led by manufacturing, nonbank holding companies, and finance and insurance.

  • Malaysia's FDI in the United States (stock) was $1.2 billion in 2018, up 9.7% from 2017. There is no information on the distribution of  FDI in the U.S.

  • Sales of services in Malaysia by majority U.S.-owned affiliates were $7.4 billion in 2017 (latest data available), while sales of services in the United States by majority Malaysia-owned firms were $544 million.