Export Opportunities in Türkiye
Since 2022, Türkiye was Malaysia’s 18th largest trading partner and 17th largest export destination. The total export from Malaysia to Türkiye as of January to May 2023 is recorded at USD 1.68 billion, with total trade at USD 1.93 billion. Currently, the major export products to Türkiye are palm oil and palm oil-based agriculture, aluminium and articles, […]
Key Steps to a Successful Export Business
There are several factors small and medium enterprises (SMEs) need to consider and understand to penetrate the international market. Malaysian SMEs interested in building their export business are advised to register with MATRADE. MATRADE offers export advisory and training, customized programmes, export opportunities, access to the export market, financial assistance and more. Prior to exporting, exporters […]
RM400 million coconut-based project in Paitan will bear fruit in 2026
BELURAN: The Sabah government will hold a 30 per cent stake in a RM400 million high-yield coconut plantation and coconut-based manufacturing facility project in Paitan, here. Developed by Linaco Resources Sdn Bhd, the state government is setting aside 2,000 hectares of land for the project which will contribute some RM1.2 billion annually to Sabah’s economic […]
Exporting to India Through JioMart E-Commerce Platform
Among the South Asian countries, India is Malaysia’s largest trading partner, export destination and source of import in 2022. Malaysian companies seeking to export to India can take advantage of India’s growing e-commerce market. India’s e-commerce market is expected to reach US $111 billion by 2024 and US $200 billion by 2026. Popular e-commerce platforms in […]
Maximise Export Potential with MATRADE Digital Trade Platform (MTDP)
Launched on 28 July 2022, MATRADE Digital Trade Platform (MTDP) is a B2B and B2C trade platform to accelerate small and medium enterprises (SMEs) entry to the international trade scene. MDTP was developed as a cost-effective solution to overcome and address the Covid-19 restrictions and disruptions to businesses and the surge in digitalisation adoption. MATRADE […]
Carrefour Announces Expansion Into Israel
Carrefour has announced plans to open 50 stores in Israel, as part of a franchise partnership with Electra Consumer Products and its subsidiary, Yenot Bitan. In a statement, Carrefour noted that it would offer the ‘full diversity’ of its formats, opening three hypermarkets, ten supermarkets and 37 convenience stores, with nine stores located in Tel Aviv. The French retailer also plans to […]
Online supermarket Picnic launches 2000-SKU private label range
Pure online grocer Picnic has officially launched its private label range, now comprising about 2000 SKUs. The first products entered the app-only supermarket three years ago and the range has steadily expanded and will continue to do so. The design was to be bold, fun, not cheap looking, radiate quality, and be “instagrammable”. Since the […]
Food retailers experience big decrease in margins
A new report by McKinsey and Eurocommerce shows that because of cost inflation, lower volumes, and more price–sensitive customers, Europe’s food retailers saw the biggest drop in margins in five years. Between 2019 and 2022, the average margin of European grocers decreased by three percentage points. The EBITDA margin decreased by one percentage point, while […]
7-Eleven to expand to Western Europe
Iconic convenience store chain 7-Eleven is preparing to expand into new parts of Europe and seeking franchisees in up to 10 countries. The chain, which operates over 83,000 stores in 19 countries worldwide, is known for its round-the-clock opening hours. It is considered the inventor of the convenience retail sector 96 years ago. The company […]
Exporting to the United Arab Emirates
The United Arab Emirates (UAE) is a diverse and dynamic market, offering significant opportunities for Malaysian exporters. Malaysia has strong bilateral trade with the UAE, with the top exported products being E&E, petroleum, jewellery, palm oil and pail oil-based products. In 2022, exports to the UAE market increased due to heightened demand for palm oil […]