Overview
Malaysia's trade openness index (TOI) for 2024 increased to 149.0 with Pulau Pinang and Johor recorded the highest TOI at 542.6 and 326.8 respectively in 2023
- Malaysia’s total trade in year 2024 amounted to RM2.9 trillion with exports of RM1.5 trillion and imports worth RM1.4 trillion.
- Malaysia’s exports in year 2024 registered an increase of 5.7 per cent to RM1.5 trillion as compared to the previous year. Higher exports were recorded in most states such as Pulau Pinang (+RM61.7 billion), Johor (+RM28.3 billion), Selangor (+RM28.0 billion), Perak (+RM10.8 billion), Terengganu (+RM6.4 billion), Sarawak (+RM4.4 billion), Kedah (+RM1.8 billion), Pahang (+RM1.0 billion), Melaka (+RM457.5 million), Kelantan (+RM311.4 million) and Negeri Sembilan (+RM272.1 million). However, exports decreased in Sabah (-RM59.3 billion), W.P. Kuala Lumpur (-RM3.4 billion), W.P. Labuan (-RM896.4 million) and Perlis (-RM112.8 million).
- Pulau Pinang remained as the top exporter with a share of 32.8 per cent share, followed by Johor (20.3%), Selangor (17.6%), Sarawak (7.7%) and W.P. Kuala Lumpur (4.3%).
- On the same note, Malaysia’s imports in year 2024 registered an increase of 13.2 per cent or RM159.8 billion as compared to the previous year. The increase in imports was led by higher imports by most states such as Pulau Pinang (+RM53.1 billion), Johor (+RM52.5 billion), Selangor (+RM51.3 billion), Kedah (+RM23.7 billion), W.P. Kuala Lumpur (+RM21.5 billion), Negeri Sembilan (+RM3.1 billion), Melaka (+RM2.5 billion), Perak (+RM2.4 billion), Pahang (+RM1.4 billion), Terengganu (+RM1.4 billion), W.P. Labuan (+RM626.2 million), Kelantan (+RM486.2 million) and Perlis (+RM438.0 million). However, imports decreased in Sabah (-RM57.1 billion) and Sarawak (-RM619.5 million).
- Meanwhile, as for imports, Selangor remained as the largest contributor with a share of 26.0 per cent, followed by Johor (23.0%), Pulau Pinang (21.4%), W.P. Kuala Lumpur (7.7%) and Kedah (6.1%).




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