Malaysia Commodity and Manufactured Exports Data

% Share of Total and Manufactured Exports

 1980 1985 1990 1995 1998
Rubber 16.5 7.6 3.8 2.2 1.1
Palm Oil 9.0 10.4 5.5 5.6 5.8
Saw-logs and Sawn Timber 13.6 7.2 5.1 3.3 1.5
Crude Oil 23.9 22.9 13.4 3.6 2.6
*LNG - - - 1.7 2.9
Tin 8.9 4.3 1.1 0.3 0.2
Manufactured Goods 21.8 32.0 59.2 80.0 80.5
*LNG was only officially accounted as a separate item of key F.O.B. export items in 1992 *LNG however was first exported in July 1985 to Japan

Malaysia International Trade Data
GDP (RM million's) Exports of goods and
services (RM million's)		 Imports of goods and
services (RM million's)		 *Openess
of Economy
1985 71,800 42,881 41,109 1.2
1990 115,701 88,354 85,920 1.6
1995 218,671 208,699 217,453 1.9
1996 249,503 229,841 227,286 1.8
1997 275,367 261,227 257,407 1.9
1998 278,724 324,677 262,506 2.1


*Openness Malaysia is a very open economy. The indicator for openness of the economy is measured by the formula (Export Plus Import) / GDP jump from 1.2 in 1985 to 1.6 in 1990 to 1.9 in 1995 and 2.1 in 1998. This signifies the high degree of Malaysia's involvement in International trade.
 
Malaysia's openness
is reinforced by the leap in ranking in world trade from being 43rd largest export nation in 1980 to 25th in 1990 and to 19th place in 1998

In terms of imports
Malaysia went from its 42nd place in 1980 to 26th in 1990 and 17th in 1997 before dropping back to 22nd place in 1998

Major export
market for Malaysia are in ASEAN region in 1997; Singapore 24%,  USA 22%,  The European Union 11% and Japan 11%  See Info on Malaysia Top 10 Export Countries

This is page 1/3
Next page 2/3 Malaysia Balance of Trade Data [enter]
 

Malaysian Import Export Customs Documentation... Read More
Sales Tax practiced in Malaysia, is a single stage tax levied on certain imported and locally manufactured goods, either at the time of importation or at the time the goods are sold or otherwise disposed of by the manufacturer.

All goods manufactured in Malaysia, except in "Labuan and Langkawi" (Malaysian coastal island) or imported are taxable unless they are specifically exempted by order of the minister of finance.

The rate of sales tax leviable are as stated in the Sales Tax (Rates of Tax) Order 1977. Sales tax has three rates of duty at 5%, 10%, and 15%. Goods exempted from sales tax are listed in the Sales Tax (Exemption) Order 1980.

 

Bill of Lading - To learn the Secrets of International Trade - Click Here
A document supplied to the exporter by the shipping company that is transporting the goods to their foreign destination, listing, item by item, the goods being shipped. It serves three basic purpose:

1. To acknowledge receipt by the carrier of the exporter's goods.

2. To indicate the carrier's contractual obligation to transport the goods to their destination in exchange for payment.

3. To record transfer of title (or ownership) from the seller to the buyer when payment for the goods takes place. Airlines use what is called an Air Waybill. There are two basic types of bill of lading, the straight bill and the order bill.

 

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