Qatar and Malaysia’s total trade volume witnessed a 36.1% increase from $672.2mn in 2017 to $915.1mn in 2018, an official of the Malaysia External Trade Development Corporation (Matrade) has said.
Speaking to Gulf Times on Sunday, Mansor Shah Wahid, Matrade’s director for Central, West, South Asia & Africa Section, said Malaysia’s exports to Qatar also grew by 37.9% to reach $245.7mn in 2018.
“Qatar has been one of our major markets in West Asia. This can be seen from our bilateral trade with Qatar showed positive trend and series of officials and business delegation exchange visit from Qatar and Malaysia.
“This was supported on discussion to further strengthen both countries’ co-operation through the ‘Malaysia-Qatar Joint Business Council’ held early this year. Qatar is Malaysia’s fifth trading partner in the West Asia region,” Wahid pointed out.
Malaysia’s major exports to Qatar include machinery parts, processed foods, palm oil products, iron and steel products, and manufacturers of metal. Malaysia continues to source chemical products, crude petroleum, and petroleum products from Qatar.
Similarly, Matrade trade commissioner Omar Mohd Salleh said Malaysia’s exports of building material to Qatar registered a 62% growth in 2018 with pipes for oil and gas as among the top products sourced by Qatar followed by sawn/chipped wood.
He said medical devices from Malaysia have been in the Qatar market for some time, including rubber gloves, catheters, syringes, orthopaedic appliances, and medical furniture.
Wahid will be in Qatar until May 2 to lead a delegation representing some of Malaysia’s leading companies specialising in building material, medical devices, and facility management.
The delegation will participate in a series of exclusive sessions for Malaysian companies with their Qatari business counterparts to promote their products and services.
To promote Malaysia’s building material and facility management industry, the delegation will visit ‘Project Qatar 2019’, which will run until May 1 at the Doha Exhibition and Convention Centre.