The Treasurer’s Guide to Trade Finance

Malaysia

Malaysia imports exports

Bank accounts

ƒ Resident companies cannot hold local
currency (MYR) bank accounts outside
Malaysia.

ƒ Resident companies can hold foreign
currency bank accounts both within and
outside Malaysia.

ƒ Non-resident companies can hold local

currency bank accounts in Malaysia.

ƒ Non-resident companies can hold foreign

currency bank accounts in Malaysia.

Principal exports

Electronic equipment, petroleum and liquefied
natural gas, wood and wood products, palm oil,
rubber, textiles and chemicals.

Documentation

Imports

ƒ Bill of lading, certificate of origin, commercial
invoice, customs import declaration, packing
list and delivery order.

Exports

ƒ Bill of lading, certificate of origin, commercial
invoice, customs export declaration and a
packing list.

Licences

Imports

ƒ All controlled items, such as agricultural

produce, certain foodstuffs, drugs, pesticides

and motor vehicles.

ƒ Goods impacting on public safety,

environmental protection and copyright law.

Exports

ƒ Licences are also sometimes required for

goods to prevent shortages in the domestic

market.

ƒ Licences are also needed for all exports to

Israel.

Trade information

Key trading partners

Imports by origin

China 13.2%

Singapore 12.8%

Japan 11.4%

EU 10.4%

USA 9.7%

Other 42.5%

Source: WTO, September 2012

Exports by destination

China 13.1%

Singapore 12.7%

Japan 11.5%

EU 10.4%

USA 8.3%

Other 46.0%