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 2024 National Trade Estimate Report, see here.
Malaysia Trade Summary
U.S. goods and services trade with Malaysia totaled an estimated $86.5 billion in 2024, up 20.5 percent ($14.7 billion) from 2023.
U.S. total goods trade (exports plus imports) with Malaysia was an estimated $80.1 billion in 2024. U.S. goods exports to Malaysia in 2024 were $27.6 billion, up 43.1 percent ($8.3 billion) from 2023. U.S. goods imports from Malaysia in 2024 totaled $52.5 billion, up 13.7 percent ($6.3 billion) from 2023. The U.S. goods trade deficit with Malaysia was $24.9 billion in 2024, a 7.5 percent decrease ($2.0 billion) over 2023.
U.S. total services trade (exports plus imports) with Malaysia totaled an estimated $6.4 billion in 2024. U.S. services exports to Malaysia in 2024 were $4.0 billion, up 3.8 percent ($147 million) from 2023. U.S. services imports from Malaysia in 2024 were $2.4 billion, down 3.4 percent ($82 million) from 2023. The U.S. services trade surplus with Malaysia was $1.7 billion in 2024, a 15.9 percent increase/decrease ($229 million) over 2023.
