Under Malaysia’s ASEAN chairmanship, the region aims to become a global trade hub by enhancing economic integration and supply chain resilience. In 2023, Malaysia’s trade with ASEAN grew 6.1% to RM765 billion, with exports rising 4.2% and imports 8.9%. Key markets include Singapore, Thailand, and Indonesia. Malaysia is also expanding trade with Africa, the Middle East, and Latin America while targeting rapidly urbanising ASEAN cities to boost economic growth and foreign investments.MALAYSIA TO POSITION ASEAN AS GLOBAL TRADE HUB
Under Malaysia’s ASEAN chairmanship, the region aims to become a global trade hub by enhancing economic integration and supply chain resilience. In 2023, Malaysia’s trade with ASEAN grew 6.1% to RM765 billion, with exports rising 4.2% and imports 8.9%. Key markets include Singapore, Thailand, and Indonesia. Malaysia is also expanding trade with Africa, the Middle East, and Latin America while targeting rapidly urbanising ASEAN cities to boost economic growth and foreign investments.
