Regulatory Requirements to Enter U.S. Market
The United States (U.S.) is the largest economy in the world and a leading global trader. In 2022, the U.S. was Malaysia’s third largest export destination and trading partner. Total trade between Malaysia and the U.S. in that year was recorded at USD 60.71 billion. Malaysia’s major exports to the U.S. includes electrical and electronics, […]
FMCG Market Opportunities in China
China’s Fast Moving Consumer Goods (FMCG) market has seen a sharp growth in recent years, with total market value at approximately USD 861.11 billion in 2022. Despite the challenges presented by the COVID-19 pandemic, the FMCG market in China was able to thrive. As such, China is one of the top export destinations for Malaysian […]
Export Opportunities in Kazakhstan
Kazakhstan is the ninth largest country in the world, with a population of 19.8 million and GDP of USD 11.5 thousand. Malaysia has established a good trade relationship with Kazakhstan and total trade valued with Kazakhstan was valued at 48.8 million in 2022. Kazakhstan was Malaysia’s 97th largest trading partner and 84th largest export destination. There is […]
National Industry Environmental, Social and Governance (i-ESG) Framework
The Ministry of Investment, Trade and Industry (MITI) has launched the National Industry Environmental, Social and Governance (i-ESG) Framework, which aims to prepare the nation’s manufacturing sector on adopting sustainable practices and be economically beneficial, environmentally sustainable and socially equitable. The programme will also tap into the US$12 trillion global market on ESG focused opportunities. […]
Export Opportunities in the Republic of Korea
The Republic of Korea is one of Malaysia’s top trading partners, export destination and import source. The country offers potential export opportunities as they have a strong purchasing power and established FTAs with 59 countries. There are opportunities for Malaysian food and beverage (F&B) products in the ROK market, especially cookies, biscuits, snacks and palm […]
Export Opportunities in Vietnam, Cambodia and Laos
Vietnam, Cambodia and Laos are emerging markets among ASEAN countries, and potential export destinations for Malaysian businesses seeking to expand their business into the region. In 2022, Malaysia has recorded positive trade growth with the three countries, especially with Vietnam. Malaysia’s total trade was valued at USD 19.44 billion with Vietnam, USD0.68 billion with Cambodia […]
Export Opportunities in Myanmar
Myanmar is an emerging market with a population of 56 million and is Malaysia’s seventh largest export destination among the ASEAN countries. In 2022, Malaysia recorded the largest trade performance with Myanmar since 2013, with total trade valued at USD1.68 billion. Malaysia’s exports with Myanmar also increased by 118 percent due to the increased demand […]
Franchise Opportunities in Hong Kong and Macao
Many franchisors in Asia have been establishing their franchise operations in Hong Kong to expand beyond their home country and explore opportunities in Hong Kong and Mainland China. As Hong Kong has a high-income population and a booming tourism industry, they offer a high-value market for certain products. Meanwhile, Macao is a free port and […]
Malaysia’s Retail Sales Rises By 13.8% in First Quarter of 2023
Malaysia’s retail sales for the first quarter of 2023 were 50 percent higher than estimated, with a recorded sales growth of 13.8 percent. This has been attributed to the Chinese New Year celebration in January and the 1-month school holiday in February and March. The Malaysia retail industry has been recovering since the end of […]
Maximise Export Potential with E-Commerce and FTAs
The pandemic has led to a sharp growth in the global e-commerce market, as consumers shifted towards online shopping due to lockdown and movement restrictions. Currently, Malaysia’s e-commerce market is valued at USD 4 billion, while Southeast Asia and China have a combined value of USD 1.6 trillion. As the global e-commerce market is expected […]