Weak spots remain amid broadly strong macro-fundamentals
BB2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD406.3bn (World ranking 37, World Bank 2022) |
Population | 33.9mn (World ranking 45, World Bank 2022) |
Form of state | Constitutional Monarchy |
Head of government | Anwar Ibrahim (PM) |
Next elections | 2028, legislative |
- Member of the Association of Southeast Asian Nations (ASEAN)
- Robust domestic demand
- Healthy labor market
- Resilient banking sector
- Vulnerable to external pressures
- Export dependency leads to cyclical risk
- High level of private external debt and public debt needs monitoring
- Deteriorating business environment
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Singapore
15.0%
|
1 |
21.3%
China
|
China
13.6%
|
2 |
10.5%
Singapore
|
United States
10.8%
|
3 |
8.2%
Taiwan
|
Japan
6.3%
|
4 |
7.8%
United States
|
China, Hong Kong SAR
6.1%
|
5 |
6.4%
Japan
|
Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
24.7%
|
1 |
23.0%
Electrical machinery, apparatus and appliances, n.e.s.
|
Petroleum, petroleum products and related materials
13.0%
|
2 |
15.5%
Petroleum, petroleum products and related materials
|
Gas, natural and manufactured
11.3%
|
3 |
3.2%
Coal, coke and briquettes
|
Fixed vegetable oils and fats, crude, refined or fractionated
5.6%
|
4 |
3.2%
Non-ferrous metals
|
Office machines and automatic data processing machines
4.4%
|
5 |
3.1%
Office machines and automatic data processing machines
|
Collection Complexity
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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