The United States and Malaysia engage closely on trade and investment issues, including under our 2004 Trade and Investment Framework Agreement. The latest information regarding significant trade barriers can be found in the 2021 National Trade Estimate Report, see here.
Malaysia Trade & Investment Summary
U.S. goods and services trade with Malaysia totaled an estimated $78.3 billion in 2022. Exports were $21.6 billion; imports were $56.7 billion. The U.S. goods and services trade deficit with Malaysia was $35.2 billion in 2022.
U.S. goods exports to Malaysia in 2022 were $18.2 billion, up 20.0 percent ($3.0 billion) from 2021 and up 42 percent from 2012. U.S. goods imports from Malaysia totaled $54.2 billion in 2022, down 3.3 percent ($1.9 billion) from 2021, but up 109 percent from 2012. The U.S. goods trade deficit with Malaysia was $36.0 billion in 2022, a 12.0 percent decrease ($4.9 billion) over 2021.
U.S. exports of services to Malaysia were an estimated $3.4 billion in 2022, 18.4 percent ($525 million) more than 2021, and 32 percent greater than 2012 levels. U.S. imports of services from Malaysia were an estimated $2.5 billion in 2022, 11.4 percent ($258 million) more than 2021, and 52 percent greater than 2012 levels. Leading services exports from the U.S. to Malaysia were in the financial services, travel, and professional and management services sectors. The United States had a services trade surplus of an estimated $855 million with Malaysia in 2022, up 45.4 percent from 2021.
U.S. foreign direct investment (FDI) in Malaysia (stock) was $13.2 billion in 2022, a 4.6 percent increase from 2021. U.S. direct investment in Malaysia is led by manufacturing, wholesale trade, and nonbank holding companies.
Malaysia's FDI in the United States (stock) was $1.1 billion in 2022, up 3.8 percent from 2021. Malaysia's direct investment in the U.S. is led by manufacturing, wholesale trade, and professional, scientific, and technical services.