KUALA LUMPUR: Malaysia-Taiwan trade has flourished with bilateral trade surging by 36.8 per cent to RM92.77 billion in the first five months of this year, said Malaysia External Trade Development Corporation (MATRADE).
MATRADE China, Northeast Asia, ASEAN and Oceania director Mazlan Harun said Malaysia’s exports to Taiwan stood at RM32.30 billion while imports surged to RM60.47 billion during this period, marking growth rates of 30.6 per cent and 40.3 per cent, respectively, a continuing positive momentum in 2024.
"The trade composition underscores a high degree of industrial complementarity, particularly in electrical and electronic products, optical and scientific equipment and petroleum-based goods, reflecting both economies’ strategic roles in regional and global value chains,” he said in his opening remarks at the Taiwan Expo 2025 at the Kuala Lumpur Convention Centre today.
He said while trade figures reflect strong performance, it is the tangible business opportunities that truly drive the partnership forward.
"Taiwan’s strengths in innovation, product development and manufacturing offer practical entry points for Malaysian companies, especially small and medium-sized enterprises (SMEs), to explore partnerships and build supply chain connections.
"At the same time, Malaysia’s capabilities in halal products, food and beverage, and smart manufacturing, combined with its strategic position as a gateway to ASEAN and the Organisation of Islamic Cooperation markets, provide Taiwanese businesses with promising prospects for expansion,” he said.
He said this shared potential continues to strengthen the foundation for long-term business growth and cooperation, particularly through platforms such as the Taiwan Expo.
"As we chart the path forward, MATRADE remains steadfast in its commitment to supporting impactful trade engagements and nurturing commercially viable, long-term partnerships.
"With an office in Taipei, MATRADE is well-positioned to facilitate closer business linkages. We believe Taiwan Expo 2025 will open new doors for growth and innovation, while further deepening the trust and goodwill that have long characterised Malaysia-Taiwan relations,” he added. - Bernama
