HIGH-TECH OUTPUT
High-technology exports, along with their high added value, are considered as one of the determinants of growth in recent years. The increasing competitiveness of developing countries in international markets depends on the country’s capacity to produce and export high-tech products. Malaysia has been amongst the top 15 countries in the world for the last 10 years. Malaysia’s high-tech export value has increased from USD92.1 billion in 2020 to USD108.7 billion in 2021, a year-on-year increase of 17.99%. This could be mainly driven by Malaysia’s electrical and electronics (E&E) industry. The sector has grown with more innovative and advanced technologies, fuelled by technology transfers. The industry has diversified into various E&E manufacturing clusters throughout the country, and Malaysia has been ranked seventh in the global E&E exporters, putting the country as a major global market player. Malaysia’s E&E and manufacturing sectors are the country’s biggest export contributors.
High Tech Export (USD bil) by Country High Tech Export (USD bil.) by Country
Mexico France Netherlands Viet Nam Malaysia Japan Singapore Korea, Rep. US Germany Hong Kong China
Thailand Belgium UK
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Export Value (USD bil.)
*Data from 2020 The World Bank
Gross Expenditure on R&D in the Asia-Pacific Region from 2020 to 2021 with a Forecast for 2022, by country or territory (USD bil)
According to Statista, in 2022, the manufacturing industry in Malaysia was estimated to contribute 23.4% of the country’s gross domestic product (GDP). Electronic components manufacturing was the biggest contributor to the industry with a 4.9% share of the GDP in the same year.
2020 2021 2022*
Note(s): Asia, APAC; 2020 to 2021
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 40
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