Posted on February 6, 2011, Sunday
KUALA LUMPUR: Malaysia was the eighth largest exporter of information communication technology (ICT) goods globally last year with total exports of US$57 billion, says the United Nations Conference on Trade and Development (UNCTAD).
In terms of import, Malaysia was the 12th largest with value of US$37 billion, UNCTAD said in a recent statement.
The largest exporter was China with its ICT goods exports amounting to US$356 billion, followed by Hong Kong, China (US$142 billion) and the US (US$113 billion).
In terms of ICT goods imports, the United States topped the list with US$231 billion, followed by China (US$220 billion) and Hong Kong, China (US$150 billion), the organisation said.
UNCTAD said Asian economies in 2009 accounted for 66.3 per cent of global exports of ICT goods, up from 63.8 per cent in 2008.
It said the latest data supported its recent findings that the global financial crisis has led to significant shifts in world trade of ICT goods towards Asia.
It said ICT exports, which represented 12 per cent of world merchandise trade in 2009, were increasingly dominated by Asia, adding that more than one third of world ICT goods exports now originated in China and Hong Kong.
UNCTAD said reliance on ICT products was most pronounced in the case of Hong Kong, China, where such items represented more than 43 per cent of all merchandise exports.
Other economies in which ICT goods made up 30 per cent or more of exports included China, Malaysia, Singapore, South Korea, Taiwan, and the Philippines. — Bernama
While ICT exports from most major exporters fell in 2009 as a result of the financial crisis, the decline was particularly pronounced among several European countries, while Japan and the United States also saw sharp declines.
At the other end of the spectrum, a few economies saw increases as India’s exports increased by a whopping 244 per cent, and those of Malaysia by 18 per cent.
UNCTAD says the latest data supported its recent findings that the global financial crisis has led to significant shifts in world trade of ICT goods towards Asia. — Bernama