China's mainland, Hong Kong emerge as Malaysia's major markets: minister

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Last updated at: (Beijing Time) Tuesday, April 06, 2004

China's mainland, Hong Kong emerge as Malaysia's major markets: minister

China's mainland and Hong Kong are becoming major markets for Malaysian electronics and electrical exports, Minister of International Trade and Industry Rafidah Aziz said on Tuesday.

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China's mainland and Hong Kong are becoming major markets for Malaysian electronics and electrical exports, Minister of International Trade and Industry Rafidah Aziz said on Tuesday.

Hong Kong saw a 37.6 percent increase and the mainland a 17.7 percent jump in their imports of electronics and electrical items from Malaysia last year, she said in her opening remarks on the second day of the ministry's annual 2004 dialogue session with the local industry and foreign-based association here.

Exports of the products comprise industrial electronics, consumer electronics, electronic components and electrical products.

Their total export value grew by 6.7 percent in 2003 to 211.2 billion ringgit (55.58 billion US dollars) from 197.9 billion ringgit (52.08 billion US dollars) in 2002.

In 2003, the five major export destinations were the United States (28.7 percent of the total electronics and electrical exports), Singapore (17.9 percent), Hong Kong (9.5 percent), Japan(7.7 percent) and China's mainland (4.8 percent), she said.

For the first two months of 2004, the sector's exports amounted to 32.8 billion, she said.

The exports of the electronics and electrical products account for over 50 percent of the country's total export value.

The country's other major exports include crude oil, natural gas, palm oil, rubber and timber. ��

Source: Xinhua

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