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    Lavarn Pillai
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    China has become Malaysia's largest trading partner over the past five years, with bilateral trade surpassing $160 billion in 2020. As the world's third largest trading nation, China imports large amounts of palm oil from Malaysia, importing over 2.5 million metric tonnes of crude palm oil in July 2021 alone. China's growing domestic market and integration into the global economy through organizations like the WTO have positioned it to have a tremendous impact on the world economy given its trade relationships.

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    trade statistic

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    china-2

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    China has become Malaysia's largest trading partner over the past five years, with bilateral trade surpassing $160 billion in 2020. As the world's third largest trading nation, China imports large amounts of palm oil from Malaysia, importing over 2.5 million metric tonnes of crude palm oil in July 2021 alone. China's growing domestic market and integration into the global economy through organizations like the WTO have positioned it to have a tremendous impact on the world economy given its trade relationships.

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    4 views1 page

    China 2

    Uploaded by

    Lavarn Pillai
    China has become Malaysia's largest trading partner over the past five years, with bilateral trade surpassing $160 billion in 2020. As the world's third largest trading nation, China imports large amounts of palm oil from Malaysia, importing over 2.5 million metric tonnes of crude palm oil in July 2021 alone. China's growing domestic market and integration into the global economy through organizations like the WTO have positioned it to have a tremendous impact on the world economy given its trade relationships.

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    China with a huge domestic market is expected to have a tremendous impact on the

    rest of the world given its integration into the global economy and accession of the World
    Trade Organization (WTO) !n "##$% China emerged as the third largest trading nation in the
    world (&!T!% "##') &alaysia is the '
    th
    largest source of imports and the ($
    th
    largest exports
    destination of China in "##$ (&!T!% "##') China has been &alaysia)s largest trading partner
    for five consecutive years% with the volume of bilateral trade reaching more than *(#' billion
    in "#(+ &alaysia is China)s biggest trading partner among the (#,member -ssociation of
    .outheast -sian /ations (China 0aily% "#(1) China import palm oil which include crude
    palm oil from &alaysia -ccording to !ntertek Testing .ervices% China have imported
    "#$%(## metric tonnes of crude palm oil in 2uly% "#(1
    3xport of 4alm Oil to China
    Country 4alm Oil !mport from &alaysia ( tonnes)
    2an 5 .ep
    "#(1
    2an 5 .ept
    "#(+
    2an 5 .ept
    "#("
    China "% ##6% (#6 "% '''% $7" "% +86% 7$#

    ( .tatistics from &alaysian 4alm Oil Council )

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