Malaysia ranks 2nd in SEA for trade connectivity

Malaysia has improved on its global connectedness to 15th and 28th places in the world.

KUALA LUMPUR: Malaysia has maintained its strong position globally, ranking second highest in Southeast Asia and 12th out of 169 countries for trade connectivity, says the DHL Global Connectedness Index (GCI) report.

The fifth edition of the GCI, which measures international flows of trade, capital, information and people, stated that Malaysia also improved the depth and breadth of its global connectedness to 15th and 28th places in the world respectively.

DHL Express Malaysia and Brunei managing director Julian Neo said Malaysia’s consistent top 20 ranking in the Global Connectedness Index is evidenced by a steady growth in Malaysia’s trade with ASEAN.

“By increasing our nation’s connectedness, Malaysia is well poised to meet the growth targets set by the International Trade and Industry Ministry,” he said.

The GCI report said Southeast Asian countries benefit from linkages with the wider Asian supply chain networks as well as ASEAN policy initiatives promoting economic integration.

Malaysia and three other Southeast Asian countries – Cambodia, Singapore and Vietnam – were economies where international flows exceeded expectations the most, said the report.

“This is expected to create a positive effect for the region as deeper global connectedness can help accelerate countries’ economic growth,” it said.