India-Malaysia trade relations have witnessed exponential growth since 1991. Malaysia’s largest trading partner is India, while Malaysia is India’s second largest trading partner in the Association of South East Asian Nations (ASEAN).
India’s major exports to Malaysia : Meat and meat preparations, sugar, rice (other than basmati), wheat, fresh vegetables and fruits, cotton yarn, RMG cotton and accessories, primary and semi-finished iron, made-ups, fabrics, machinery and instruments, electronic goods and metal manufactures.
India’s major Imports from Malaysia : Crude Petroleum, Palm Oil, Electronic & Electrical products, Chemicals & Chemical products and Petroleum products.
India & ASEAN Trade Relations
ASEAN is India’s 4th largest trading partner after the EU, US and China.
The partnership between India and Association of South East Asian Nations (ASEAN) countries is a decade old. The ASEAN countries comprise of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The best part being, trade between both India and ASEAN has been developing at a swift pace.
SOURCE: Silicon India Blogs
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Exports to Malaysia in India increased to 29.88 INR Billion in September from 27.56 INR Billion in August of 2016.
Exports to Malaysia in India averaged 7.83 INR Billion from 1991 until 2016, reaching an all time high of 69.77 INR Billion in January of 2015 and a record low of 0.25 INR Billion in May of 1991.
SOURCE: trading economics.
