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Malaysia

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Malaysia
Map of Malaysia

Country Facts

Nominal GDP296.28 Billion USD
Population30.33 Million
Total Trade/GDP134.15%
CurrencyMalaysian Ringgit (MYR)
Merchandise Imports from Canada790.05 Million CAD
Canadian direct investment666 Million CAD
Main importsMachinery & Equipment, Manufactured Goods, Mineral Fuels, Chemicals

EDC in Malaysia

Canadian companies assisted135
International buyers insured141
Business volume386.13 Million CAD

Business Environment

Malaysia is a key market in Southeast Asia for many Canadian exporters. The country enjoys excellent infrastructure and transport connectivity supported by a healthy financial sector. Economic growth has slightly weakened in 2016 but remained decent and is expected to sustain into 2017. The industries in Malaysia are gradually moving up the supply chain to more capital intensive and higher value added products that employ more advanced technology. While there exists many opportunities for Canadian companies in a number of sectors, lack of transparency around government procurement as well as corruption continue to challenge exporters and investors. Partnering and joint venture relationships with local Malaysian companies is seen as an effective solution to these obstacles.

Due to recent changes to Malaysian laws, credit reporting agencies are now required to disclose certain information to Malaysian companies which are the subject of credit reports. This information may include EDC’s name and address (as the company requesting the credit report), our client’s company’s name and address, and the reason why the credit report is being requested by EDC. For more information please contact us.

Key Industries

  • Advanced Security
  • Aerospace
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Medical Technology & Devices
  • Oil and Gas

How we can support your business

Through our representations in Singapore, we provide on-the-ground support to Canadian companies planning on or currently doing business in Malaysia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

EDC Representatives

Related Information

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