Export And Import Of Rubber Companies in Malaysia

Malaysia is a leading exporter of rubber and rubber products. The country’s rubber industry is export-oriented and is supported by a strong domestic market. Malaysia’s main export markets for rubber and rubber products are the United States, Japan, the European Union, and Singapore.

The rubber industry in Malaysia is an important contributor to the country’s economy. The sector provides employment for about 700,000 people and contributes about 2.5% to Malaysia’s gross domestic product. The industry is also a major source of foreign exchange earnings, with exports of rubber and rubber products totaling RM17.6 billion (US$4.6 billion) in 2018.

The Malaysian government has been supportive of the rubber industry and has implemented a number of policies and programs to help the sector compete in the global market. The government has also provided financial assistance to the industry, including subsidies for research and development, and tax incentives for investments in the sector.