KUALA LUMPUR: The government is confident that Malaysia’s position in the IMD’s World Competitiveness Ranking 2025 will improve compared to this year,...
The government is confident that Malaysia’s position in the IMD’s World Competitiveness Ranking 2025 will improve compared to this year, driven by the increase in high-technology product exports.
The minister said this is following the many new investments from electrical and electronics companies in Malaysia as well as those from multinational corporations. High-technology exports are products with extensive research and development components, such as those in the aerospace, computer, pharmaceutical, scientific instruments, chemical, and electrical machinery sectors.
“For example, China’s high-technology exports in the first 10 months of 2023 fell 11.4 per cent year-on-year to US$728.2 billion, while South Korea’s plummeted 28 per cent to US$110 billion, and Japan was 10 per cent lower to US$76.9 billion,” he said.
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