The analysis of transport services exports in Malaysia shows a significant upward trend in recent years. From a value of 11.11 in 2013, it steadily rose to 18.54 in 2023. The growth in 2021 was particularly notable, with a 26.15% year-on-year increase. However, 2022 saw a minor decline of 2.48%, followed by a modest rebound of 1.31% in 2023. The 5-year CAGR leading up to 2023 stands at a healthy 7.92%, indicating a robust growth trajectory.

Looking forward, the forecast till 2028 suggests a continued but slower growth pattern with a forecasted 5-year CAGR of 0.48%. The unit of commercial service exports will see incremental increases, reaching 19.19 by 2028. This suggests a stabilization after the rapid growth period observed between 2019 and 2021.

Future trends to watch for:

Geopolitical changes and their impact on trade routes and partnerships.
Technological advancements in transportation and logistics, including automation and digitalization.
Global economic conditions, which could affect international trade volumes and demand for transport services.
Environmental regulations and their impact on the cost and operations of transport services.