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Matrade: Malaysia’s aerospace industry will remain vibrant, supported by growing demand | Malay Mail

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Matrade: Malaysia’s aerospace industry will remain vibrant, supported by growing demand

onKUALA LUMPUR, Sept 20 — The Malaysia External Trade Development Corporation is confident that Malaysia’s aerospace industry would remain vibrant and thriving for many years to come, supported by the growing demand for commercial aircraft in the South-east Asia region.

“Currently, Malaysia is home to more than 230 aerospace companies, enabling the development of a vibrant local supply chain comprising both international and local industry players,” she said. “This is what makes the aerospace sector one of Malaysia’s high-value sectors, capable accelerate the growth of Malaysia’s trade,” she said.

Imports increased 26.2 per cent to RM15.91 billion in 2018 from RM12.61 billion in 2017, with Malaysia’s major import sources in 2018 were primarily from France, the US, China, Netherlands and Singapore, it said.

 

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