By 2020 the objective for Malaysia is to become a high-income nation. This is going to be achieved by further increasing productivity among small and medium sized companies, which are stuck in the ‘middle income trap’. With an economic growth of 5-6 percent annually, the economy is expected to continue its positive trajectory.
Swedish export to Malaysia remained steady during the 2000’s and was SEK 20.8 billion in 2014. The most important exports are processed foods, engineering products, chemical products and telecoms equipment. Swedish import from Malaysia is mainly electronics and foodstuffs and was SEK 2.8 billion last year.
Business Sweden opened its office in Kuala Lumpur in 2005 and today we have seven employees. From the office in Malaysia we also cover the Philippine market where we established a fruitful collaboration with the Asian Development Bank (ADB).
For Swedish companies we identified great potential in environmental technology and manufacturing, as the government introduced different incentives for local and international companies as a form of stimulus.
In general we support Swedish companies with market analysis, company formation and partner search. Many of our clients also rent an office space in our facilities in order to encourage the market entry process. At our office we have particular experience with transportation, renewable energy, manufacturing and cooperation with the UN in crisis situations.
Contact us and we can tell you more about Malaysia as an export market and how Business Sweden can support you with counselling, market analysis, contacts and other services that can facilitate your market entry.