MALAYSIA
Opportunities in Malaysia
U.S. Commercial Service
Malaysia
Malaysia - strategically located in the region
Economic Indicators
• Population: 28.31 million, Per Capita Income (2008): $7,450
• GDP Growth Rates: -1.70 in 2009, 4-5% projected in 2010
• Malaysia's Major exports: electrical & electronic products,
palm oil & palm oil based, crude petroleum & LNG
• 18th largest US trading partners in 2009. Bilateral trade
$33.7 billion, US exports $10.4 billion
• Major imports from US: aviation products, oil & gas
equipment, medical & healthcare products, ICT, soybeans,
fresh fruits, others
• US is the largest investor in Malaysia: total investment $30
billion
Incentives
• English is the commercial/business language
• Loosening restrictions on foreign exchange
• No restrictions on repatriation of capital and profits
• Established legal framework
• Excellent infrastructure
• WTO member
• Currently considering joining TPP
Best Prospects 2010
1. Oil and Gas Equipment
2. Aircraft and Parts
3. Environmental Equipment
4. Franchising
5. Health Care Services/Supplements
6. Broadband Products
7. Digital Broadcasting Products & Content
8. Renewable Energy & Efficient Energy
9. Other Services
Oil & Gas Equipment
• Malaysia’s crude oil production average 678,000 bpd in 2009,
production of natural gas was 980,200 barrels of oil equivalent
(BOE) per day.
• At current rates of production, Malaysia’s oil reserves of 5.52
billion barrels are expected to last another 22 years; and gas
reserves of 14.66 billion BOE, another 41 years.
• US$6.0 billion was spent in Malaysian exploration and
production in 2009 – US$4.0 billion of which on development
and production projects and exploration activities, the balance on
operations.
• Prospects for Malaysia’s oil and gas industry remain optimistic,
especially in deepwater and ultra-deepwater areas.
Aircraft & Parts
• Malaysian government has identified aerospace industry, particularly aerospace
maintenance, repair and overhaul (MRO) services, as a new growth industr