|1||Computer chips||$1.1 B|
|2||Civilian aircraft, parts||$409.48 M|
|5||Photo-sensitive semi-conductors, parts||$140.84 M|
|6||Scrap iron, steel||$138.1 M|
|7||Aluminum waste and scrap||$124.92 M|
|8||Medical technology||$122.28 M|
|10||Copper waste and scrap||$106.87 M|
|1||Computer chips||$5.98 B|
|2||Photo-sensitive semi-conductors, parts||$1.44 B|
|3||Cell phones, related equipment||$945.41 M|
|4||Apparel and accessories made of rubber||$762.35 M|
|5||Printers, all types, parts||$713.75 M|
|6||Digital storage devices||$673.17 M|
|7||Furniture, parts||$487.15 M|
|9||Medical technology||$383.97 M|
|10||Returned exports, without change||$261.56 M|
U.S. trade with Malaysia rose to $18.02 billion through May
Malaysia’s trade with the United States rose to $18.02 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.93 percent above its total trade during the same time period last year. U.S. exports to Malaysia increased 6.97 percent while U.S. imports from Malaysia rose 13.62 percent. The U.S. deficit with Malaysia was $9.28 billion.
Through May, 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 San Francisco International Airport, Calif.; No. 4 Chicago O’Hare International Airport; 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 49.6 percent of Malaysia’s U.S. trade.
Among those top five:
- Trade with No. 1 Anchorage International Airport, Alaska fell 8.92 percent to $3.75 billion.
Exports rose 9.09 percent to $590.95 million. Imports fell 11.65 percent to $3.16 billion.
- Trade with No. 2 Port of Los Angeles rose 2.31 percent to $2.06 billion.
Exports fell 15.53 percent to $348.39 million. Imports rose 6.92 percent to $1.71 billion.
- Trade with No. 3 San Francisco International Airport, Calif. fell 3.8 percent to $1.84 billion.
Exports fell 14.28 percent to $322.58 million. Imports fell 1.24 percent to $1.52 billion.
- Trade with No. 4 Chicago O’Hare International Airport rose 124.36 percent to $1.69 billion.
Exports fell 13.42 percent to $203.29 million. Imports rose 186.69 percent to $1.49 billion.
- Trade with No. 5 Port of New Orleans fell 11 percent to $1.46 billion.
Exports rose 19.61 percent to $131.27 million. Imports fell 13.19 percent to $1.33 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 $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 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 May were the categories of Computer chips; Civilian aircraft, parts; Plastics; Oil; and Photo-sensitive semi-conductors, parts, respectively. They accounted for 40.19 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 59.56 percent of all inbound shipments.
Looking more closely at U.S. exports to Malaysia:
- Computer chips rose 3.58 percent compared to last year to $1.1 billion.
- Civilian aircraft, parts rose 12.05 percent compared to last year to $409.48 million.
- Plastics rose 82.43 percent compared to last year to $236.87 million.
- Oil totaled $223.28 million. The previous year, there were no exports in this category.
- Photo-sensitive semi-conductors, parts fell 22.98 percent compared to last year to $140.84 million.
Looking more closely at U.S. imports from Malaysia:
- Computer chips rose 5.8 percent compared to last year to $5.98 billion.
- Photo-sensitive semi-conductors, parts rose 51.07 percent compared to last year to $1.44 billion.
- Cell phones, related equipment fell 8.51 percent compared to last year to $945.41 million.
- Apparel and accessories made of rubber rose 10.03 percent compared to last year to $762.35 million.
- Printers, all types, parts rose 0.78 percent compared to last year to $713.75 million.
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.