Malaysia Textiles & Apparel Trade Performance 2007
The value of Malaysia’s total trade grew in 2007 by 3.67% reaching RM1.11 Trillion from RM1.07 trillion registered in 2006. Exports, which accounted for 54.5% of Malaysia’s total trade, increased by 2.7% to RM605.1 billion, while imports rose by 4.9% to RM504.57 billion.
Textiles and Apparel Exports Performance
Textiles and apparel accounted for 1.7% of Malaysia’s total exports and 2.3% of Malaysia’s manufactured exports. Exports of these products decreased by 3.2% to RM10.26 billion in 2007 from RM10.6 billion in 2006.
Exports of textiles, valued at RM5.29 billion in 2007, accounted for 51.6% of total exports of textiles and apparel. This was a decrease of 4.9% from RM5.57 billion in 2006.
Apparel exports accounted for 48.4% share, with a value of RM4.97 billion. Apparel declined by 1.3% from RM5.04 billion in 2006.
The top five export destinations for textiles and apparel were the USA, Turkey, Japan, Singapore and PRC. Altogether, these five export destinations contributed 48.1% of Malaysia’s textile and apparel exports.
The USA, Malaysia’s leading export destination, which accounted for 25.9% share, registered a decline of 8.9% to RM2.66 billion from RM2.92 billion. There was a downward pressure on the prices of Malaysia’s exports, due to competition from countries such as the PRC, Vietnam, India and Sri Lanka.
Export to Turkey increased by 13% to RM748.7 million from RM662.7 in 2006. Turkey, the second largest export destination, accounted for 7.3% share of Malaysia’s total textiles and apparel exports.
Markets the recorded significant export growth were Mexico, valued at RM362.2 million, an increase of 133.8%, Brazil (RM150 million, 94.4% growth), the Netherlands (RM141.6 million, 55.7%) and Australia (RM119.5 million, 44.7%).
Textiles and Apparel Imports Performance
Total imports of textiles and apparel increased by 3.9% to RM5.66 billion from RM5.45 billion in 2006. Textiles and apparel accounted for 1.3% of Malaysia’s manufactured imports and 1.1% of Malaysia’s total imports.
In 2007, major sources of imports for textiles and apparel were PRC, with a value of RM2.04 billion and accounting for 36% share of total imports of textiles and apparel. This was followed by Taiwan (RM510.7 million, 9% share), Indonesia (RM486.9 million, 8.6%), Thailand (RM421.4 million, 7.5%) and Japan (RM319.8 million, 5.7%).
(Source : MATRADE Report on Malaysia Trade Performance 2007)