31 Spurring Exports In The New Norm Trade Performance Report 01 02 03 04 05 China In 2020, trade with China increased by 4.7% to RM331.44 billion, constituting 18.6% of Malaysia’s total trade. China continued to be Malaysia’s largest trading partner for 12 consecutive years. China maintained its position as the largest export market, accounting for 16.2% of Malaysia’s total exports. Exports to China increased by 13% to RM159.22 billion underpinned by higher exports of iron and steel products, other manufactures (mainly SSD) as well as E&E products. Main exports were E&E products with 33.9% share, chemicals and chemical products (9%) as well as manufactures of metal (7.3%). China also remained as Malaysia’s largest import source, accounting for 21.5% share of total imports in 2020. Imports from China decreased by 2% to RM172.22 billion. Main imports were E&E products, machinery, equipment and parts as well as chemicals and chemical products. Imports RM172.22 billion 2% Total Trade RM331.44 billion 4.7% Exports RM159.22 billion 13% Main Exports E&E Products Chemicals & Chemical Products Manufactures of Metal
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