KUALA LUMPUR, Oct 29 — Malaysia External Trade Development Corporation (MATRADE) continues its effort to promote Malaysia’s electrical and electronics (E&E) sector by collaborating with Industrial and Commercial Bank of China Malaysia (ICBC Malaysia) to organise a webinar on the outlook of the E&E sector in China as well as virtual business meetings between Malaysian and Chinese companies.
MATRADE deputy chief executive (export acceleration) Sharimahton Mat Saleh said the webinar is an initiative to strengthen Malaysian companies’ participation in the global E&E supply chain including the Chinese market.
“The event will also serve as a useful platform for Malaysian companies to obtain the latest market insights and outlook of the E&E sector in China from industry experts, while Chinese companies could know more about Malaysia’s E&E trade and capabilities,” she said in a statement today.
The objective of the online event is to promote deeper Malaysia-China trade and investment collaboration in the E&E sector.
The webinar entitled “Enhancing Malaysia-China Collaboration in the E&E Sector” featured speakers from MATRADE, Huawei Technologies Malaysia and ICBC Credit Suisse.
The event was graced by the Ambassador of the People’s Republic of China to Malaysia, Ouyang Yujing.
Apart from providing a knowledge-sharing platform highlighting China’s current technology trends and aspirations, the online event encourages collaboration between Malaysia and China E&E business players through business matching sessions via ICBC’s Business Matchmaker platform.
Meanwhile, Malaysia’s exports of E&E products in 2020 were valued at US$92.14 billion (US$1=RM4.14), an increase of 2.3 per cent from 2019, and accounting for 39.3 per cent share of Malaysia’s total exports.
Semiconductor exports which comprises semiconductor devices and electronic integrated circuits alone represent nearly 62 per cent of Malaysia’s total E&E exports.
China is a significant export market for Malaysia’s E&E products. It was ranked as the third largest E&E export destination, with a value amounting to US$12.85 billion, representing a 13.9 per cent share of Malaysia’s total E&E exports in 2020.
From January to August 2021, Malaysia’s E&E exports to China was valued at US$8.97 billion, an increase of 18.8 per cent.