Export And Import Of Parts And Accessories For Motor Vehicles Companies in Malaysia

The automotive industry in Malaysia is a growing industry with many local and international companies investing in the manufacturing and assembly of motor vehicles. The Malaysian government has been supportive of the industry and has implemented policies to attract investment and promote the growth of the sector.

One of the key policy initiatives is the Malaysia Automotive Policy (MAP), which was first introduced in 2006. The MAP provides a roadmap for the development of the automotive industry in Malaysia and outlines the government’s commitment to creating a conducive environment for investment and growth. The policy provides a number of incentives for companies investing in the automotive industry, including tax breaks and duty exemptions.

The automotive industry is a significant contributor to the Malaysian economy, accounting for 3.5% of GDP in 2016. The sector is also a major employer, with over 130,000 people employed in the manufacturing and assembly of motor vehicles.

The majority of the vehicles assembled in Malaysia are exported, with Japan, the United States, and Australia being the main markets. Malaysia is also a major exporter of automotive parts and accessories, with over RM30 billion worth of parts and accessories exported in 2016.

The automotive industry is an important part of the Malaysian economy and is expected to continue to grow in the coming years