Malaysia

Malaysia ranked No. 18 in total trade value through July with a total of $30.61 billion. Exports totaled $7.29 billion and Imports totaled $23.32 billion, a deficit of $16.04 billion.

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U.S. trade with Malaysia rose to $30.61 billion through July

Malaysia’s trade with the United States rose to $30.61 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.21 percent above its total trade during the same time period last year. U.S. exports to Malaysia decreased 0.28 percent while U.S. imports from Malaysia rose 7.05 percent. The U.S. deficit with Malaysia was $16.04 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Anchorage International Airport, Alaska; No. 2 Port of Los Angeles; No. 3 Chicago O’Hare International Airport; No. 4 San Francisco International Airport, Calif.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Anchorage International Airport, Alaska; No. 2 Port of Los Angeles; No. 3 San Francisco International Airport, Calif.; No. 4 Port of New Orleans and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 49.82 percent of Malaysia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Anchorage International Airport, Alaska fell 6.85 percent to $5.33 billion.
    Exports rose 5.34 percent to $771.48 million. Imports fell 8.64 percent to $4.55 billion.
  • Trade with No. 2 Port of Los Angeles rose 1.95 percent to $2.93 billion.
    Exports fell 17.98 percent to $482.92 million. Imports rose 7.09 percent to $2.45 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 141.03 percent to $2.5 billion.
    Exports fell 11.99 percent to $275.24 million. Imports rose 207.16 percent to $2.22 billion.
  • Trade with No. 4 San Francisco International Airport, Calif. fell 11.43 percent to $2.42 billion.
    Exports fell 8.89 percent to $492.21 million. Imports fell 12.06 percent to $1.93 billion.
  • Trade with No. 5 Port of New Orleans fell 12.8 percent to $2.08 billion.
    Exports rose 93.98 percent to $274.26 million. Imports fell 19.55 percent to $1.8 billion.

Malaysia ranked No. 18 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 19.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Malaysia by value through July were the categories of Computer chips; Civilian aircraft, parts; Plastics; Oil; and Aluminum waste and scrap, respectively. They accounted for 38.15 percent of total exports to Malaysia.

The value of the top five categories of U.S. imports from Malaysia –– Computer chips; Photo-sensitive semi-conductors, parts; Cell phones, related equipment; Apparel and accessories made of rubber; and Printers, all types, parts –– accounted for 58.94 percent of all inbound shipments.

Looking more closely at U.S. exports to Malaysia:

  • Computer chips rose 0.65 percent compared to last year to $1.53 billion.
  • Civilian aircraft, parts fell 13.69 percent compared to last year to $468.1 million.
  • Plastics rose 81.84 percent compared to last year to $329.56 million.
  • Oil rose 680.64 percent compared to last year to $245.18 million.
  • Aluminum waste and scrap rose 54.71 percent compared to last year to $209.38 million.

Looking more closely at U.S. imports from Malaysia:

  • Computer chips rose 3.1 percent compared to last year to $8.28 billion.
  • Photo-sensitive semi-conductors, parts rose 26.4 percent compared to last year to $1.86 billion.
  • Cell phones, related equipment fell 0.75 percent compared to last year to $1.45 billion.
  • Apparel and accessories made of rubber rose 16.14 percent compared to last year to $1.1 billion.
  • Printers, all types, parts rose 5.23 percent compared to last year to $1.05 billion.

In the latest annual figures available, Malaysia recorded $53.69 billion in trade with the United States. Total U.S. exports to Malaysia were $ 13.12 billion and imports from Malaysia were $40.57 billion. The U.S. deficit with Malaysia was $27.45 billion.