Trade between Malaysia and Japan reached 42 billion USD in 2014, up by1.4 percent compared to 2013, Malaysian Ambassador to Japan AhmadIzlanIdris told reporters on the occasion of Malaysian Prime MinisterNajib Razak’s official visit to Japan from May 24-26.
Japan is Malaysia’s third largest trade partner after China andSingapore, the ambassador elaborated, stressing that Japan will continueto be a top trade partner for Malaysia.
Malaysiaexported 25.26 billion USD worth of commodities to Japan last year, ayear-on-year increase of 4.4 percent, while imports from Japan declinedby 2.9 percent to 16.74 billion USD.
Key exportproducts include liquefied natural gas (LNG), electrical and electroniccomponents, and chemical-based products. Meanwhile, imports consist ofelectrical and electronic goods, machine components, and automobileparts and accessories.
Japan is also one ofMalaysia’s top investors, with more than 2,510 Japanese projects worth22.7 billion USD in operation as of December31, 2013, generating morethan 332,300 jobs.
An additional 47 Japaneseprojects, with a combined investment of 3.26 billion USD, were approvedduring the first nine months of 2014 and are expected to create nearly6,880 local jobs.
Approximately 1,400 Japanese firmsare currently operating in Malaysia, mainly in the fields of greentechnology, biotechnology and advanced electronics, as well as thehi-tech and automotive industries.
In addition,Japanese tourist arrivals to Malaysia have been increasing in recentyears. Last year, Malaysia welcomed over 553,000 Japanese visitors, ayear-on-year growth of 7.8 percent.
Furthermore, approximately 5,500 Malaysian nationals, including 2,250 students, currently live in Japan.-VNA
Japan is Malaysia’s third largest trade partner after China andSingapore, the ambassador elaborated, stressing that Japan will continueto be a top trade partner for Malaysia.
Malaysiaexported 25.26 billion USD worth of commodities to Japan last year, ayear-on-year increase of 4.4 percent, while imports from Japan declinedby 2.9 percent to 16.74 billion USD.
Key exportproducts include liquefied natural gas (LNG), electrical and electroniccomponents, and chemical-based products. Meanwhile, imports consist ofelectrical and electronic goods, machine components, and automobileparts and accessories.
Japan is also one ofMalaysia’s top investors, with more than 2,510 Japanese projects worth22.7 billion USD in operation as of December31, 2013, generating morethan 332,300 jobs.
An additional 47 Japaneseprojects, with a combined investment of 3.26 billion USD, were approvedduring the first nine months of 2014 and are expected to create nearly6,880 local jobs.
Approximately 1,400 Japanese firmsare currently operating in Malaysia, mainly in the fields of greentechnology, biotechnology and advanced electronics, as well as thehi-tech and automotive industries.
In addition,Japanese tourist arrivals to Malaysia have been increasing in recentyears. Last year, Malaysia welcomed over 553,000 Japanese visitors, ayear-on-year growth of 7.8 percent.
Furthermore, approximately 5,500 Malaysian nationals, including 2,250 students, currently live in Japan.-VNA
