Trading Of Garment Companies in Malaysia

The Malaysian garment industry is an important contributor to the country’s economy, with the sector accounting for approximately 4% of Malaysia’s total exports in 2017. The industry is also a significant employer, with an estimated 300,000 people employed in the manufacturing of garments and textiles.

The Malaysian garment industry is highly export-oriented, with more than 90% of production being exported. The United States is the largest export market for Malaysian garments, accounting for approximately 30% of all exports. Other major markets include the European Union, Japan, and Singapore.

The Malaysian government has been supportive of the garment industry, providing a number of incentives and initiatives to help the sector grow. Incentives include tax holidays, duty-free import of raw materials, and preferential loans. The government has also established a number of industrial parks specifically for the garment industry.

The Malaysian garment industry is expected to continue to grow in the coming years, supported by strong demand from both domestic and international markets.