MALAYSIA’S TRADE WITH PERU: IMPORTS & EXPORTS
As of 2023, Malaysia and Peru maintain a modest yet strategically significant bilateral trade relationship, encompassing a diverse array of commodities.
🇲🇾 Malaysia’s Exports to Peru (in RM(
In 2023, Malaysia exported approximately RM57.5 million worth of goods to Peru, marking a 6.6% increase compared to the previous year. This growth was primarily driven by higher exports of textiles, apparel, and footwear.  
Key Export Categories:
• Textiles and Apparel: Including garments and footwear. 
• Paper and Paperboard Products: Various paper-related goods. 
• Aluminum Products: Including raw and semi-finished aluminum goods.
• Ceramic Products: Such as tiles and sanitary ware.
• Dairy Products: Including milk powder and other dairy derivatives.
• Processed Food: Various food preparations.
• Fish and Seafood: Including frozen and processed items. 
• Salt, Cement, and Stone Materials: Construction-related materials. 
• Manmade Filaments and Wadding: Used in textiles and insulation. 
• Vegetable and Nut Preparations: Including canned and preserved goods.
🇵🇪 Peru’s Exports to Malaysia (in USD)
In 2023, Peru exported goods valued at approximately US$245.34 million to Malaysia. 
Top Exported Commodities:
• Copper Ore: Valued at around $95.8 million. 
• Cocoa Beans: Valued at approximately $69.1 million. 
• Raw Zinc: Valued at about $52.6 million.
• Cotton: Valued at $4.55K. 
• Pearls, Precious Stones, Metals, and Coins: Valued at $3.81K. 
• Ceramic Products: Valued at $2.16K. 
• Knitted or Crocheted Fabric: Valued at $572. 
🔄 Trade Balance and Outlook
The trade balance between Malaysia and Peru in 2023 leaned in favor of Peru, primarily due to its substantial exports of raw materials like copper ore and cocoa beans. 
Malaysia’s exports to Peru, while smaller in volume, are diverse and include manufactured and processed goods. The increase in exports, particularly in textiles and apparel, suggests potential for growth in these sectors.
Both countries are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which aims to reduce trade barriers and enhance economic integration. This agreement is expected to further facilitate trade between Malaysia and Peru, providing opportunities for businesses in both nations to expand their markets.
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MALAYSIA’S TRADE WITH PERU: IMPORTS & EXPORTS
https://youtu.be/chzlVLC-FgY?si=YLVhGrGhFFloRhGE
https://t.me/suratkhabarbaru/10040
As of 2023, Malaysia and Peru maintain a modest yet strategically significant bilateral trade relationship, encompassing a diverse array of commodities.
🇲🇾 Malaysia’s Exports to Peru (in RM(
In 2023, Malaysia exported approximately RM57.5 million worth of goods to Peru, marking a 6.6% increase compared to the previous year. This growth was primarily driven by higher exports of textiles, apparel, and footwear.
Key Export Categories:
• Textiles and Apparel: Including garments and footwear.
• Paper and Paperboard Products: Various paper-related goods.
• Aluminum Products: Including raw and semi-finished aluminum goods.
• Ceramic Products: Such as tiles and sanitary ware.
• Dairy Products: Including milk powder and other dairy derivatives.
• Processed Food: Various food preparations.
• Fish and Seafood: Including frozen and processed items.
• Salt, Cement, and Stone Materials: Construction-related materials.
• Manmade Filaments and Wadding: Used in textiles and insulation.
• Vegetable and Nut Preparations: Including canned and preserved goods.
🇵🇪 Peru’s Exports to Malaysia (in USD)
In 2023, Peru exported goods valued at approximately US$245.34 million to Malaysia.
Top Exported Commodities:
• Copper Ore: Valued at around $95.8 million.
• Cocoa Beans: Valued at approximately $69.1 million.
• Raw Zinc: Valued at about $52.6 million.
• Cotton: Valued at $4.55K.
• Pearls, Precious Stones, Metals, and Coins: Valued at $3.81K.
• Ceramic Products: Valued at $2.16K.
• Knitted or Crocheted Fabric: Valued at $572.
🔄 Trade Balance and Outlook
The trade balance between Malaysia and Peru in 2023 leaned in favor of Peru, primarily due to its substantial exports of raw materials like copper ore and cocoa beans.
Malaysia’s exports to Peru, while smaller in volume, are diverse and include manufactured and processed goods. The increase in exports, particularly in textiles and apparel, suggests potential for growth in these sectors.
Both countries are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which aims to reduce trade barriers and enhance economic integration. This agreement is expected to further facilitate trade between Malaysia and Peru, providing opportunities for businesses in both nations to expand their markets.
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