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The United States and Malaysia engage closely on trade and investment issues, including under our 2004 Trade and Investment Framework Agreement. For information on upcoming U.S. meetings with Malaysia, see the Calendar of Events page.
Over the past decade, U.S. goods exports to Malaysia grew 2 percent while services exports grew 94 percent. U.S. goods exports to Malaysia in 2016 were $11.9 billion, with the top export categories including electrical machinery, machinery, aircraft, optical and medical instruments, and plastics. U.S. exports of agricultural products to Malaysia totaled $814 million in 2016 with leading categories including soybeans, dairy products, prepared food, processed vegetables, and fresh fruit. U.S. exports of services to Malaysia were an estimated $2.9 billion in 2015 (latest data available). The stock of U.S. foreign direct investment (FDI) in Malaysia was $14.0 billion in 2015 (latest data available and the stock of Malaysia's FDI in the United States was $1.3 billion in 2015 (latest data available. In 2016, Malaysia was our 18th largest overall trading partner. The United States is Malaysia’s third largest goods trading partner, after China and Singapore.
Malaysia has bilateral and regional FTAs with many countries across the Asia Pacific, including China, Japan, Korea, Australia, New Zealand, India, Chile, Pakistan, and ASEAN, among others. Malaysia also is participating in the Trans-Pacific Partnership and the 16-member Regional Comprehensive Economic Partnership negotiations. It launched negotiations with the EU in 2010, but the negotiations are on hold.