Export And Otherwise Deal In Textiles Companies in Malaysia

Malaysia is a major producer and exporter of textiles and textile products, with exports totaling RM25.6 billion in 2015. The country is the world’s third-largest exporter of textiles and clothing, behind only China and Bangladesh.

The textile and clothing industry is a major contributor to the Malaysian economy, accounting for 8.5% of total manufacturing output in 2015. The sector employs over 700,000 workers, or 4% of the country’s total workforce.

The vast majority of textile and clothing exports from Malaysia are shipped to the United States (19%), the European Union (17%), and Japan (16%). Other major export destinations include Hong Kong (9%), Singapore (8%), and China (7%).

The Malaysian government has been supportive of the country’s textile and clothing industry, with a number of initiatives and programs aimed at promoting exports and attracting investment. The government has also implemented a number of trade liberalization measures, including the elimination of tariffs on textile and clothing imports from China.

The Malaysian textile and clothing industry is expected to continue to grow in the coming years, with exports forecast to reach RM30 billion by 2020.