Key Takeaways
- Malaysia's manufacturing sector GDP contribution was 23.8% in 2022, valued at RM 415.7 billion at constant 2015 prices.
- Manufacturing employment in Malaysia reached 2.42 million persons in 2023.
- The manufacturing sector's value added grew by 4.2% in 2023 compared to 2022.
- In 2023, Malaysia produced 585,000 barrels per day of crude oil.
- Natural gas production reached 6.3 billion standard cubic feet per day in 2023.
- Oil and gas sector contributed 20.1% to Malaysia's GDP in 2022.
- Construction industry value added RM 80.2 billion in 2023, 4.1% of GDP.
- Construction sector grew 15.7% in 2022.
- 128,000 persons employed in construction in Q4 2023.
- Electrical and electronics (E&E) exports RM 533 billion in 2023.
- Semiconductors production value USD 120 billion in 2023.
- E&E sector FDI USD 12.5 billion in 2023.
- Petrochemical production 12.5 million tonnes in 2023.
- Olefins capacity utilization 92% in 2023.
- Fertilizer production 6.8 million tonnes annually 2023.
Malaysia's manufacturing, energy, and construction sectors drive strong economic growth and exports.
Chemicals
- Petrochemical production 12.5 million tonnes in 2023.
- Olefins capacity utilization 92% in 2023.
- Fertilizer production 6.8 million tonnes annually 2023.
- Methanol output 2.2 million tonnes in 2023.
- Chemical industry GDP contribution RM 65 billion 2022.
- Plastics production 3.4 million tonnes 2023.
- Paints and coatings sales RM 8.9 billion 2023.
- Specialty chemicals exports USD 4.2 billion 2023.
- Rubber chemicals manufacturing RM 5.1 billion 2023.
- Chemical parks occupancy 85% in Pengerang 2023.
- Downstream chemical investments RM 120 billion 2021-2025.
- caustic soda production 450,000 tonnes 2023.
- Bio-based chemicals pilot 100,000 tpa 2023.
- Chemical employment 98,000 in 2023.
- Aromatics production 1.8 million tonnes 2023.
- Detergents manufacturing RM 7.2 billion 2023.
- Chemical R&D expenditure RM 3.5 billion 2022.
- Glycols output 650,000 tonnes 2023.
- Pesticides production 45,000 tonnes 2023.
- Chemical exports growth 7.8% in 2023.
Chemicals Interpretation
Construction
- Construction industry value added RM 80.2 billion in 2023, 4.1% of GDP.
- Construction sector grew 15.7% in 2022.
- 128,000 persons employed in construction in Q4 2023.
- Construction projects value RM 127 billion approved in 2023.
- Residential buildings construction starts 45,000 units in 2023.
- Infrastructure projects under 12MP RM 400 billion total 2021-2025.
- Civil engineering subsector output RM 35.6 billion 2022.
- Construction material cost index up 3.8% in 2023.
- Foreign workers in construction 1.2 million in 2023.
- High-rise buildings completed 1,250 units in 2023.
- Road construction length added 2,500 km in 2023.
- MRT3 project cost RM 48.2 billion as of 2023.
- Construction SMEs numbered 78,000 registered in 2023.
- Building permits issued value RM 52 billion in 2023.
- Non-residential construction floor space 25 million sqm 2023.
- Construction productivity RM 45,000 per worker 2022.
- Flood mitigation projects 150 completed in 2023.
- Data center construction investments USD 3.2 billion 2023.
- Affordable housing units built 120,000 in 2023.
- Construction accidents reported 1,250 cases in 2023.
- Pan Borneo Highway progress 85% complete 2023.
Construction Interpretation
Electronics
- Electrical and electronics (E&E) exports RM 533 billion in 2023.
- Semiconductors production value USD 120 billion in 2023.
- E&E sector FDI USD 12.5 billion in 2023.
- IC design revenue RM 18.7 billion in 2022.
- Wafer fabrication capacity 25 million 8-inch equivalent wafers monthly 2023.
- E&E employment 450,000 jobs in 2023.
- Solar panel manufacturing output 5 GWp in 2023.
- LED production 12 billion units annually 2023.
- PCB manufacturing exports RM 25 billion 2023.
- Test and assembly output USD 35 billion 2023.
- E&E R&D spending RM 25 billion in 2023.
- 5G equipment local content 25% in 2023.
- Consumer electronics sales RM 42 billion 2023.
- Automotive electronics integration 40% in local cars 2023.
- Data center servers manufactured locally 15% share 2023.
- Photonics industry revenue USD 2.5 billion 2023.
- E&E exports to US USD 45 billion in 2023.
- Backend semiconductor capacity expansion 20% in 2023.
- Wearables manufacturing 50 million units 2023.
- Quantum chip R&D investments USD 500 million 2023.
- E&E carbon footprint reduced 12% in 2023.
Electronics Interpretation
Manufacturing
- Malaysia's manufacturing sector GDP contribution was 23.8% in 2022, valued at RM 415.7 billion at constant 2015 prices.
- Manufacturing employment in Malaysia reached 2.42 million persons in 2023.
- The manufacturing sector's value added grew by 4.2% in 2023 compared to 2022.
- Export value from manufacturing industries hit RM 1.47 trillion in 2023.
- Food manufacturing subsector output increased by 5.1% year-on-year in Q4 2023.
- Malaysia's manufacturing productivity per worker was RM 142,500 in 2022.
- Non-metallic mineral products manufacturing sales reached RM 28.4 billion in 2023.
- Fabricated metal products sector employed 187,000 workers in 2022.
- Manufacturing sector's intermediate input usage was RM 856 billion in 2022.
- Beverage manufacturing production index rose 3.8% in 2023.
- Malaysia's manufacturing FDI inflows were USD 8.2 billion in 2023.
- Rubber products manufacturing output value RM 22.1 billion in 2022.
- Machinery and equipment manufacturing grew 6.5% in exports 2023.
- Paper and paper products sector value added RM 12.3 billion 2022.
- Manufacturing capacity utilization rate averaged 76.5% in 2023.
- Textile manufacturing employment declined to 156,000 in 2023.
- Wood products manufacturing exports RM 18.9 billion in 2023.
- Plastic products output increased 4.7% YoY in Q1 2024.
- Manufacturing sector's gross output RM 1.78 trillion in 2022.
- Printing and publishing subsector sales RM 5.6 billion 2023.
- Manufacturing R&D expenditure RM 12.4 billion in 2022.
- Furniture manufacturing production index up 2.9% in 2023.
- Leather products exports valued at RM 1.2 billion 2023.
- Manufacturing energy consumption 45% of industrial total 2022.
- Coke and refined petroleum subsector value RM 89 billion 2022.
- Manufacturing SMEs contribution 38% to sector GDP 2023.
- Transport equipment manufacturing employment 120,000 in 2023.
- Basic metals production 15.2 million tonnes in 2023.
- Manufacturing wage index increased 3.2% in 2023.
- Pharmaceuticals manufacturing sales RM 15.8 billion 2023.
Manufacturing Interpretation
Oil and Gas
- In 2023, Malaysia produced 585,000 barrels per day of crude oil.
- Natural gas production reached 6.3 billion standard cubic feet per day in 2023.
- Oil and gas sector contributed 20.1% to Malaysia's GDP in 2022.
- Proven oil reserves stood at 3.2 billion barrels in 2023.
- LNG exports from Malaysia totaled 25 million tonnes in 2023.
- Petronas revenue from oil and gas operations RM 342 billion in 2023.
- Crude oil exports valued at USD 25.6 billion in 2023.
- Gas processing plants capacity 8.5 Bscf/d in 2023.
- Oil and gas employment 195,000 direct jobs in 2022.
- Offshore oil rigs operating numbered 52 in 2023.
- Petrochemical production capacity 7.5 million tpa ethylene equivalent 2023.
- Refined petroleum products output 28 million tonnes in 2023.
- Oil palm biomass energy generation 2.5 GW in 2023.
- Upstream oil investment USD 4.8 billion in 2023.
- LPG production 1.8 million tonnes in 2023.
- Oil and gas FDI inflows USD 2.1 billion in 2023.
- Condensate production 85,000 bpd in 2023.
- Pipeline network length for gas 5,600 km in 2023.
- Oil refineries total capacity 797,000 bpd in 2023.
- Gas exports via pipeline to Singapore 1 Bcf/d average 2023.
- Deepwater oil discoveries added 500 million boe reserves 2023.
- Oil and gas sector capex RM 45 billion in 2023.
- Biofuel blending mandate B20 covered 85% diesel in 2023.
- Sabah oil production 120,000 bpd in 2023.
- Sarawak gas fields output 4.2 Bscf/d in 2023.
- Oil spill incidents reduced to 12 in 2023.
- Carbon capture utilization in oil fields pilot 1 MtCO2 2023.
- Oil tanker movements 2,450 voyages in Bintulu port 2023.
- Gas-to-liquid plant production 15,000 bpd in 2023.
Oil and Gas Interpretation
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