Malaysia’s society is multi-ethnic, multicultural and multilingual. The newly industrialised market is relatively open and ranks highly in the World Bank’s ‘Ease of Doing Business’ survey; at 12th out of 190 countries.
Malaysia has been recorded as one of the more successful economies in Southeast Asia, and in recent years has been labelled as a High Growth Market by the Department for International Trade. In 2020, GDP per capita was recorded at US $11,193, an increase from previous years. This rise in GDP has transformed the commodity-based economy into an economy with a successful, large, export-orientated manufacturing sector.
Malaysia is the UK’s second-largest trading partner out of the ASEAN countries. In October 2020, the FCDO recorded that the UK exported £2,601 million of goods and services to Malaysia. They also recorded that imports of goods and services from Malaysia reached £2,584 million.
There are several large UK companies already present in Malaysia, including Aberdeen Asset Management, Allied Pickfords, BAE Systems, BP, BAT, Debenhams, Dyson, Pinewood Studios, Shell, Tesco and Weir Group.
There are a number of opportunities for UK businesses that wish to do business with Malaysia, including in the education, healthcare, ICT, professional and financial services and energy sectors.
About this guide
This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.
The main objective of this Doing Business with Malaysia Guide is to provide you with basic knowledge about Malaysia; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Malaysia. Full contact details are available in this guide.
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The guide is available in 4 formats:
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PDF download/e-flipbook (available to download below)
An introduction to the Institute of Export & International Trade
Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.
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Doing Business with Malaysia Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Malaysia!
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