Malaysia consists of two similarly sized regions in southeast Asia: Peninsular Malaysia and East Malaysia (Malaysian Borneo). The country shares it borders with Brunei, Indonesia, Philippines, Singapore, Thailand and Vietnam. Malaysia exported US$312.7 billion worth of products around the globe in 2023. That dollar sum results from a 31.3% expansion compared to $238.2 billion … [Read more...] about Malaysia’s Top Trading Partners
Asia
Taiwan’s Top Trading Partners
Sometimes referred to as Chinese Taipei and officially called the Republic of China, the island of Taiwan is surrounded by major trading partners in the People’s Republic of China to its west, Japan to its east and the Philippines to its south. Taiwan exported US$432.2 billion worth of exported products around the globe in 2023. That dollar amount reflects a 31.2% gain versus … [Read more...] about Taiwan’s Top Trading Partners
South Korea’s Top Trading Partners
Officially named the Republic of Korea, South Korea is strategically located between the world-class importers namely China to its west and another Asian economic powerhouse Japan to South Korea’s east. South Korea exported US$632.2 billion worth of products during 2023, up by 16.6% compared to $542.3 billion five years earlier in 2019. On an annual basis, the dollar total … [Read more...] about South Korea’s Top Trading Partners
Japan’s Top Trading Partners
The world’s fourth-largest exporter behind China, America and Germany, Japan exported US$717.6 billion worth of products around the world in 2023. That dollar amount results from a -4.6% drop compared to $752.1 billion in 2022. From 2019 to 2023, the overall value of Japanese exported goods grew by a modest 1.7% from $705.8 billion. Known as the Land of the Rising Sun, … [Read more...] about Japan’s Top Trading Partners
Top 15 Crude Oil Suppliers to China
The cost of crude oil imported into the People’s Republic of China totaled US$514.4 billion in 2023. That dollar total for mainland China’s spending on crude petroleum oil increased by 53.4% compared to $335.4 billion five years earlier for 2019. Year over year, China’s imports of crude oil depreciated by -3.9% 2023 versus $535.3 billion in 2022. In contrast, a much lesser … [Read more...] about Top 15 Crude Oil Suppliers to China