Breadcrumb

Malaysia

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

In 2019, Malaysia GDP was an estimated $365.3 billion (current market exchange rates); real GDP was up by an estimated 4.3%; and the population was 33 million. (Source: IMF)

U.S. goods and services trade with Malaysia totaled an estimated $59.2 billion in 2019. Exports were $16.3 billion; imports were $42.9 billion. The U.S. goods and services trade deficit with Malaysia was $26.7 billion in 2019.

Malaysia is currently our 19th largest goods trading partner with $53.8 billion in total (two way) goods trade during 2019. Goods exports totaled $13.2 billion; goods imports totaled $40.6 billion. The U.S. goods trade deficit with Malaysia was $27.4 billion in 2019.

Trade in services with Malaysia (exports and imports) totaled an estimated $5.4 billion in 2019. Services exports were $3.1 billion; services imports were $2.4 billion. The U.S. services trade surplus with Malaysia was $706 million in 2019.

Exports

  • Malaysia was the United States' 26th largest goods export market in 2019.
     
  • U.S. goods exports to Malaysia in 2019 were $13.2 billion, up 1.8% ($240 million) from 2018 and up 26.8% from 2009.
     
  • The top export categories (2-digit HS) in 2019 were: electrical machinery ($4.4 billion), machinery ($1.3 billion), aircraft ($1.1 billion), optical and medical instruments ($998 million), and plastics ($871 million).
     
  • U.S. total exports of agricultural products to Malaysia totaled $1.2 billion in 2019. Leading domestic export categories include: soybeans ($238 million), wheat ($130 million), cotton ($118 million), prepared food ($117 million), and dairy products ($109 million).
     
  • U.S. exports of services to Malaysia were an estimated $3.1 billion in 2019, 7.2% ($238 million) less than 2018, but 64.5% greater than 2009 levels. Leading services exports from the U.S. to Malaysia were in the travel, maintenance and repair services, and intellectual property (computer software, industrial processes) sectors.
     

Imports

  • Malaysia was the United States' 15th largest supplier of goods imports in 2019.
     
  • ​​​​​​​U.S. goods imports from Malaysia totaled $40.6 billion in 2019, up 3.1% ($1.2 billion) from 2018, and up 74.2% from 2009. U.S. imports from Malaysia account for 1.6% of overall U.S. imports in 2019.
     
  • The top import categories (2-digit HS) in 2019 were: electrical machinery ($26 billion), machinery ($4.0 billion), optical and medical instruments ($2.5 billion), rubber ($1.9 billion), and furniture and bedding ($1.3 billion).
     
  • U.S. total imports of agricultural products from Malaysia totaled $1.0 billion in 2019. Leading categories include: tropical oils ($441 million), cocoa paste & cocoa butter ($190 million), feeds & fodders ($57 million), rubber & allied products ($52 million), and snack foods ($37 million).
     
  • U.S. imports of services from Malaysia were an estimated $2.4 billion in 2019, 32.4% ($578 million) more than 2018, and 122% greater than 2009 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 $27.4 billion in 2019, a 3.7% increase ($974 million) over 2018.

  • The United States had a services trade surplus of an estimated $706 million with Malaysia in 2019, down 53.6% from 2018.

Investment

  • U.S. foreign direct investment (FDI) in Malaysia (stock) was $10.8 billion in 2019, a 0.2% decrease from 2018. There is no information on the distribution of U.S. FDI in Malaysia.
     
  • Malaysia's FDI in the United States (stock) was $981 million in 2019, down 19.5% from 2018. There is no information on the distribution of Malaysia 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.