Post-Covid recovery, decent fundamentals and political instability

BB2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in February 2022.

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GDP USD336.66bn (World ranking 37, World Bank 2020)
Population 32.37mn (World ranking 45, World Bank 2020)
Form of state Constitutional Monarchy
Head of government Ismail Sabri Yaakob (PM)
Next elections 2023, legislative
  • Member of the Association of Southeast Asian Nations (ASEAN)
  • Low inflation
  • Generally strong business environment
  • Resilient banking sector
  • Vulnerable to external pressures
  • Export dependency leads to cyclical risk
  • High level of private external debt
  • High household debt and high external debt burden

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
China 17.2%
1
20.4% China
Singapore 15.4%
2
15.5% Korea, Republic of
United States 8.6%
3
8.1% United States
Hong-Kong 8.3%
4
7.3% Singapore
Japan 6.3%
5
7.1% Japan

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 34.0%
1
26.9% Electrical machinery, apparatus and appliances, n.e.s.
Petroleum, petroleum products and related materials 7.8%
2
8.7% Petroleum, petroleum products and related materials
Office machines and automatic data processing machines 5.7%
3
4.2% Other industrial machinery and parts
Fixed vegetable oils and fats, crude, refined or fractionated 4.3%
4
3.8% Iron and steel
Telecommunication and sound recording apparatus 3.4%
5
3.8% Non-ferrous metals
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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