Key Economic Figures
(Malaysia and ASEAN)
ASEAN: The Global Supply Chain Powerhouse
ASEAN plays a crucial role in global supply chain dynamics due to its strategic location, strong trade networks, and economic integration efforts under the ASEAN Economic Community (AEC). As a single market and production base, ASEAN facilitates the free flow of goods, services, investments, and capital, making it an attractive hub for multinational corporations looking to optimise production and distribution networks. With a combined GDP exceeding US$3.6 trillion and a population of over 680 million, ASEAN offers both a massive consumer market and a competitive labour force, driving its importance in global trade.
Boosting Global Integration Through Economic Policies
Additionally, ASEAN’s economic policies—such as the ASEAN Free Trade Area (AFTA), the Regional Comprehensive Economic Partnership (RCEP), and sectoral cooperation under AEC Blueprint 2025—enhance connectivity and integration with global markets, particularly with major economies like China, Japan, the EU, and the U.S.
The region’s role as a key manufacturing hub for electronics, automotive, and textiles further cements its position in global supply chains.
As Chair of ASEAN in 2025, Malaysia’s leadership will be instrumental in advancing regional trade facilitation, infrastructure development, and digital economy initiatives, ensuring ASEAN remains a resilient and competitive player in global trade.
Malaysia Economic Figures
5.1%
Malaysia’s GDP Growth (2024)
10.5%
Malaysia’s GDP Contribution to ASEAN (2023)
6.1%
Malaysia-ASEAN Trade Growth in 2024
Malaysia’s Total Trade with ASEAN in 2024
(US$171.28 billion)
RM765.09 billion
Malaysia’s Total Trade with ASEAN in 2024
(USD171.28 billion)
RM765.09 billion
Source: Bank Negara Malaysia, MATRADE, ASEAN Statistics Database
