Key Market Indicators
Malaysia’s electrical equipment imports are expected to reach almost $70 billion by 2026, up 1.7% year on year average rate since 2021 when it stood at $63 billion. In 2021, Malaysia was the 10th largest importer of such equipment worldwide, with the UK overtaking it with $63 billion. The US, Germany and Singapore followed in second, third and fourth place respectively. Malaysia’s electrical equipment exports are predicted to reach almost $99 billion by 2026, up 2.3% year on year average rate since 2021 when it hit $86 billion. In 2021, Malaysia was the 7th largest exporter of such equipment, with Japan surpassing it with $86 billion. South Korea, the US and Germany followed in second, third and fourth place respectively.