MALAYSIA’S TRADE SURPLUS WITH MEXICO: EXPORTS & IMPORTS

MALAYSIA’S TRADE SURPLUS WITH MEXICO: EXPORTS & IMPORTS

As of 2023, Malaysia maintained a significant trade surplus with Mexico, underscoring the strength of their bilateral economic relationship.

🇲🇾 Malaysia’s Exports to Mexico
   •   Total Value: Approximately US$4.1 billion in 2023.
   •   Top Export Categories:
      •   Electrical and Electronic Equipment: US$2.56 billion
      •   Mineral Fuels and Oils: US$409.24 million
      •   Machinery and Mechanical Appliances: US$241.65 million
      •   Iron and Steel: US$161.12 million
      •   Plastics: US$111.27 million
      •   Optical and Medical Instruments: US$75.61 million
      •   Aluminum: US$72.46 million
      •   Copper: US$62.00 million
      •   Articles of Iron or Steel: US$51.90 million
      •   Organic Chemicals: US$40.70 million
      •   Rubber Products: US$38.15 million

🇲🇽 Mexico’s Exports to Malaysia
   •   Total Value: Approximately US$2.0 billion in 2023.
   •   Top Export Categories:
      •   Telephones, Including Mobile Phones and Other Wireless Networks: US$75.6 million
      •   Data Processing Machines: US$66.5 million
      •   Copper Ores and Concentrates: US$50.3 million
      •   Iron and Steel: US$45.2 million
      •   Parts for Railways: US$30.1 million
      •   Fish and Seafood: US$28.7 million
      •   Alcoholic Beverages: US$25.4 million

📊 Trade Balance Overview

In 2023, Malaysia exported approximately US$4.1 billion worth of goods to Mexico, while importing around US$2.0 billion, resulting in a trade surplus of about US$2.1 billion in Malaysia’s favor.

🌐 Strategic Trade Insights
   •   Malaysia’s Export Strengths: The country’s exports to Mexico are heavily concentrated in high-value sectors such as electronics, machinery, and mineral fuels, underscoring Malaysia’s role as a key supplier of advanced manufacturing components.
   •   Mexico’s Export Contributions: Mexico’s exports to Malaysia are characterized by telecommunications equipment, data processing machines, and raw materials like copper ores and iron, reflecting its diverse industrial base.
   •   Trade Agreements: Both nations are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which facilitates reduced tariffs and enhanced trade relations, further strengthening their economic ties.

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