As a trading hub, Malaysia has historically been linked with trade in every sense. From Malacca to Johor, Port Klang to Penang, there have been many efforts to make Malaysia an import-export hub of the world which has been very successful. As a trading port, Malaysia:
Throughout history, Malaysia has been exporting much of its produces to the rest of the world. Among them include:
Meanwhile, Malaysia exports mainly to:
On the other hand, Malaysia imports a lot of products as well. Its main import partner is:
The following products are imported by Malaysia:
In Malaysia, imported and exported goods that are not from ASEAN or the Association of Southeast Asian Nations follow the HTS or Harmonized Tariff System. On the other hand, the ASEAN Harmonized Tariff Nomenclature or AHTN is followed for those coming from ASEAN countries.
It must be noted that within Malaysia, there are:
With this, Malaysia is able to trade within the countries and territories more efficiently. Malaysia has agreed on bilateral FTAs with several countries that include:
In terms of being partners in the ASEAN Trade in Goods Agreement, Malaysia is in this with:
In terms of competition, Malaysia’s trading partners have similar services. This includes:
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Commercial Invoice This is the most common type of invoice used and goes by different names like Trade Invoice, Shipping Invoice or just Invoice alone.
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