Fact Sheet on Us-Malaysia Commercial Ties

Fact Sheet on U.S.-Malaysia Commercial Ties September 2014

The trade and investment relationship between Malaysia and the United States creates jobs and economic opportunity in both countries. We have a strong trade relationship. Malaysia is our second largest trading partner in ASEAN and we are Malaysia’s fourth largest trading partner. Reflecting Malaysia’s strong integration into global supply chains, semiconductors, computer parts and telecommunications equipment constitute major export and import categories. U.S.-Malaysia Trade Major U.S. goods exports include: semiconductors, civilian aircraft, industrial equipment and chemicals and agricultural products. Major U.S. goods imports include: semiconductors, computer parts, telecommunications equipment, palm oil, medical and electronic equipment.

#s in billions Goods (2013) Services (2012) Total U.S. Sales to Malaysia US$13.0 (RM42.3) US$2.5 (RM8.1) US$15.5 (RM50.4) Malaysia Sales to U.S. US$27.3 (RM88.7) US$1.4 (RM4.6) US$28.7 (RM93.3) Total US$40.3 (RM131.0) US$3.9 (RM12.7) US$44.2 (RM143.7)

Overall bilateral trade remains stable, but we want to boost merchandise trade above last year’s $40 billion level. Services form an increasingly large part of our trade, including healthcare, tourism, education, financial services, green technology and creative industries. These areas promote highly-skilled, well-paying jobs in both countries. The United States is the largest foreign investor in Malaysia, and Malaysia is a growing investor in the United States. This represents a long-term bilateral commitment, and U.S. companies have supported Malaysia’s development vision throughout its history.

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Investments in rubber in the 19th century Partnering to develop the oil and gas sector starting in 1960s Pioneer investors in Malaysia’s electronics industry beginning in the 1970s—Malaysia’s largest export sector Broader manufacturing investments in the 1980s and 1990s High-tech, knowledge based and services...