PETALING JAYA: Malaysia External Trade Development Corp (Matrade) is intensifying efforts to help Malaysian oil and gas services and equipment (OGSE) companies to explore new export markets across Asia, the Middle East, Africa and Latin America.
In a statement yesterday, the trade promotion agency said it aims to help Malaysian OGSE firms reduce concentration risks and sustain long-term export growth by expanding beyond traditional markets.
The oil and gas sector remains a key pillar of Malaysia’s economy, contributing approximately 20% to national gross domestic product. In 2025, petroleum products accounted for RM103.55bil or 6.4% of Malaysia’s total exports, while liquefied natural gas and crude oil contributed an additional RM71.05bil.
Matrade chief executive officer Abu Bakar Yusof emphasised that market diversification is increasingly important for Malaysian exporters navigating a more complex global trading environment.
“Global supply chains are undergoing major shifts, and Malaysian companies must adapt by diversifying their export markets while strengthening their technological capabilities.
“Matrade plays a critical role in helping Malaysian OGSE companies access new markets and position themselves competitively on the global stage,” he said.
