Key Market Indicators
Malaysia’s electrical equipment imports are expected to reach almost $70 billion by 2026, up 1.7% year on year average rate since 2021 when it stood at $63 billion. In 2021, Malaysia was the 10th largest importer of such equipment worldwide, with the UK overtaking it with $63 billion. The US, Germany and Singapore followed in second, third and fourth place respectively. Malaysia’s electrical equipment exports are predicted to reach almost $99 billion by 2026, up 2.3% year on year average rate since 2021 when it hit $86 billion. In 2021, Malaysia was the 7th largest exporter of such equipment, with Japan surpassing it with $86 billion. South Korea, the US and Germany followed in second, third and fourth place respectively.
Malaysia Electrical Equipment Market Data and Forecasts
How much will Malaysia Electrical Equipment Market grow to 2026?
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