MALAYSIA

The economy of Malaysia is the sixth largest in Southeast Asia according to the International Monetary Fund 2020. It is also the 39th largest economy in the world. GDP of Malaysia in 2020 estimated up to $380.261 billion with the growth rate of 6.9% for 2021. In 2019 Malaysia was the number 35 economy in the world in terms of GDP (current US$), the number 21 in total exports, the number 25 in total imports, the number 66 economy in terms of GDP per capita (current US$) and the number 25 most complex economy according to the Economic Complexity Index (ECI).in 2019 Malaysia import approx. $207B. The top imports of Malaysia are Integrated Circuits($27.4B), Refined Petroleum ($18.1B), Crude Petroleum ($6.97B), Broadcasting Equipment ($3.88B), and Coal Briquettes ($3.24B), importing mostly from China ($49.4B), Singapore ($28.2B), Japan($13B), United States ($12.8B), and Chinese Taipei ($10.3B). In 2019, Malaysia was the world's biggest importer of Tin Ores($365M), Scrap Plastic ($235M), Tin Bars ($63.9M). In 2019 Malaysia import for India approx. 3.04% and its shows growth up to 5% in 2021. Malaysia is the 3rd & 9th largest fresh fruit & vegetables importer of USA and India respectively.