Economy of Malaysia

The economy of Malaysia is the third largest in Southeast Asia and the 34th largest in the world in terms of GDP.

In Malaysia, top 3 trade partners are China, Singapore, and United States, while top 3 exported goods are electrical machinery, oil & mineral fuels, and industrial machinery.

Major Industries of Malaysia

? Building Technology
? Chemical & Advanced Materials?
? Electrical & Electronics
? Food Technology
? Lifestyle?
? Life Sciences & Medical Technology?
? Machinery & Metal?
? Paper, Printing and Publishing?
? Transportation Technology
? ???????Wood-Based?and?Furniture

Malaysia’s manufacturing sector continues to play a vital role in the country’s economic transformation. The priority will remain on producing more high value-added, diverse and complex products, particularly in the catalytic sub-sectors, namely electrical and electronics (E&E), machinery and equipment (M&E), and chemicals and chemical products. The other two high potential growth sub-sectors, namely aerospace and medical devices will also be pursued.

Textile Manufacturing Market in Malaysia

The textile manufacturing market share in Malaysia is expected to increase by USD 2.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.72%.

Malaysia has a well-established textile industry and the presence of many textile manufacturing companies. The Malaysian industrial master plan has improved product quality, maintenance of reasonable price levels, and expanded export-oriented marketing. The textile manufacturing industry is a big part of the growing Malaysian economy.

Quality Control and Inspection Service Coverage in Malaysia

Testcoo experienced team of inspectors and auditors is available nationwide in Malaysia