Forecast: Import of Non-Domestic Machinery to Malaysia

The import of non-domestic machinery to Malaysia stood at $645.37 million in 2023. Forecasted data indicates a steady increase in import values, starting from $655.81 million in 2024 and rising to $703.27 million by 2028. This results in year-on-year variations of around 1.9% between 2024 and 2025, 1.8% from 2025 to 2026, 1.7% from 2026 to 2027, and 1.6% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be approximately 2.1%.

Future trends to watch for include:

  • Technological advancements and their impact on machinery imports.
  • Changes in trade policies and their influence on import patterns.
  • Global economic conditions affecting Malaysia's import capacity and requirements.

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