48 MATRADE Annual Report 2020 In 2020, exports of manufactured goods increased by 1.1% to RM849.5 billion, accounting for a larger share of total exports at 86.3% compared to 84.5% in 2019. E&E products held the biggest share of Malaysia’s export composition in 2020, at 39.3% or RM386.29 billion, an increase of 3.5%. The increase was due to higher exports of electronic integrated circuits, electric apparatus for line telephony as well as parts and accessories of computers and office machines. Exports of Manufactured Goods Major export markets for E&E products were Singapore with a share of 18.1% followed by Hong Kong SAR (14.9%) and China (14%). Petroleum products was the second largest export contributor and accounted for 6.3% of total exports. Exports of petroleum products declined by 13.5% to RM61.89 billion compared to RM71.51 billion in 2019. Major export markets for petroleum products were Singapore with a share of 31.8%, followed by China (17.4%) and Indonesia (8.8%). Meanwhile, chemicals and chemical products were the third largest export contributor, which declined by 11.7% to RM50.74 billion or 5.2% share. Other manufactured goods that recorded significant growth in exports for 2020 were: Rubber products, surged by 71.4% to RM44.3 billion; Other manufactures (mainly SSD), increased by 24.2% to RM38.8 billion; Optical and scientific equipment, expanded by 5.8% to RM42.22 billion; Iron and steel products, rose by 7.2% to RM23.55 billion; and Wood products, grew by 1.9% to RM16.08 billion. Exports of Manufactured Goods 1.1% RM849.5 billion Major Exports E&E Products RM386.29 billion 39.3%* * Share PERFORMANCE OF MAJOR SECTORS
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