The Investment Climate Statement Chapter of the CCG is provided by the State Department.
Malaysia’s strategic location at the heart of Southeast Asia’s market of about 676 million people and a combined gross domestic product (GDP) of US$3 trillion opens commercial opportunities for companies looking to expand their regional and global supply chain and operations. Over the past ten years, Malaysia has emerged as an attractive regional hub for logistics services, information and communications technology (ICT), and medical tourism.
Economic Growth and Trade
Despite the global pandemic and unexpected administration changes at the national government level in 2020 and 2021, Malaysian exports continued to grow, supported by the worldwide demand for electronic components and semiconductors. The United States is Malaysia’s third-largest trading partner, and Malaysian exports to the United States were valued at $26 billion in 2020.
Economy and Market
Malaysia’s level of economic development drives both consumer and business demand for products and services. Malaysians are attracted to, and are familiar with, international brands, quality healthcare products, and services, as well as ecological lifestyle offerings, securing the country as an attractive, business-friendly destination. Malaysia offers well-developed infrastructure, an English-speaking business and consumer environment, a well-established legal framework, an affinity for U.S. products, and the ability to repatriate capital and profits easily.