Trade Dimensions between Malaysia and the G7 Countries: An Exploratory Analysis
DOI:
https://doi.org/10.55829/wardfm07Keywords:
Business, Commodities, Export, Import, Services, and Trade balance.Abstract
The paper discussed the trade dimensions between Malaysia and the G7 countries. It was found that Malaysia had a trade surplus with the United States of America (USA), the United Kingdom (UK), and Japan from 2015 to 2024. However, a trade deficit with Italy, and France (except 2022) was found during the same time. Malaysia has a trade deficit with Canada during 2022-23., with Germany during 2015-16, and 2023-24., but has a trade surplus during the other periods. The USA and Japan are the largest trade partners of Malaysia among the G7 member countries. Malaysia has more intense trade with Japan and the USA, with lower trade with Italy and France. Malaysia has a higher Trade Complementary Index with the USA, and Japan. Malaysia has a lower Trade Complementary Index with Canada. The Herfindahl-Hirschman index of Malaysia is low compared to the G7 countries. This study presents a novel approach of using regression analysis to integrate several key trade dimentsions between developing ad developed nations.
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