Under visionary leadership, Malaysia is strongly emerging as the leading economies of the world. The country known for its exotic beaches and great hospitality is currently the third-largest economy in SouthEast Asia. Over the last couple of years, the country’s production capacities have increased enormously as is now a leading supplier across various sectors that include electronics, medical equipment, plastic, and more.
The country has also been keen to invest in its workforce and now stands sixth globally on the World Economic Forum’s ranking of workforce skills. The United States and Malaysia have good business relationships and the United States businesses are benefiting from Malaysian manufacturing abilities. Malaysia’s exports to the United States amount to $22.5 billion or 9.1% of its overall exports. and the nation was ranked No. 14 among U.S. trade partners in March 2021. As compared to a 13% tax on exports from China, Malaysian exporters benefit from no VAT making for a lower cost for the U.S. importers.
Malaysia’s Major Exports to the United States
At BlinkGlobal, we have local agents in Vietnam that help our clients get the best products at the most affordable rates. Malaysia’s top exports to the world include
- Electrical and electronic products and equipment
- Petroleum Products
- Chemicals and chemical goods
- Palm oil
- Rubber Products
- Organic and Scientific Equipment
- Machinery Equipment and Parts
- Medical, technical equipment
- Rubber
- Furniture
- Animal/vegetable fats and oils
- Plastics
Here are some other great benefits of exporting goods from Malaysia
Malaysian Suppliers Have Low MOQs compared to China
Minimum Order Quantity or MOQ is the minimum amount to the product or stock that a supplier is willing to cater to. International suppliers do not supply orders under a certain limit which can be a major disappointment for small businesses. Malaysia exporters on the other hand are trying hard to reach new markets and hence have lowered their MOQ requirement compared to the supplier in other countries such as India, Vietnam, and China.
Fewer Communication Problems:
Though the official and national language of Malaysia is Malay or Bahasa Malaysia, the Government of Malaysia has recognized the importance of English as an international language and is taking strong initiatives to ensure that English is taught as a strong second language. A good percentage of the country’s population can speak and understand English making communication and trading a lot easier.
Start Sourcing From Malaysia with BlinkGlobal
At BlinkGlobal, we have made sourcing from Malaysia absolutely hassle-free. We have a branch office in Malaysia and our local agents have a deep understanding of Malayasan manufacturing processes. We help our clients get the best products at the most competitive prices. Call us today for a free consultation: 1-800-910-7024