34 MATRADE Annual Report 2020 Trade with West Asia decreased by 8.2% to RM66.42 billion in 2020 compared to RM72.36 billion recorded in the previous year. The United Arab Emirates (UAE) and Saudi Arabia remained as the major trading partners in West Asia in 2020, each valued at RM20.65 billion (31.1% share) and RM20.3 billion (30.6%). Exports to West Asia also contracted by 8.8% to RM26.44 billion compared to RM29 billion in 2019 due to the decline in exports of jewellery, E&E products as well as chemicals and chemical products. Major export products to the region were palm oil and palm oil-based agriculture products, valued at RM5.43 billion and accounted for 20.5% of Malaysia's total exports to West Asia, followed by E&E products (13.7%) and processed food (6.8%). Imports from this region dropped by 7.8% to RM39.98 billion in 2020 from RM43.36 billion in 2019. Main imports were crude petroleum, petroleum products as well as chemicals and chemical products. The UAE was the major export market and accounted for 32.1% of total exports to the region. It was followed by Turkey (29.3%) and Saudi Arabia (15.7%). Major export products to the UAE were E&E products with 26.8% share, jewellery (15.2%) as well as machinery, equipment and parts (6.2%). However, exports to the UAE recorded a decrease of 24.1% to RM8.49 billion due to lower exports of jewellery, E&E products as well as machinery, equipment and parts. Imports from the UAE declined by 21.2% to RM12.16 billion. Main imports were petroleum products, manufactures of metal and crude petroleum. West Asia UAE Saudi Arabia Imports RM39.98 billion 7.8% Total Trade RM66.42 billion 8.2% Exports RM26.44 billion 8.8% Main Exports E&E Products Processed Food Palm Oil (Agriculture) Major Trading Partners
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