Malaysia’s involvement in BRICS aligns with national economic goals, offering export opportunities and cooperation in energy, tech and green industries.
KUALA LUMPUR: The government views Malaysia’s involvement in BRICS as a strategic move to accelerate national economic growth.
The Ministry of Foreign Affairs stated that membership aligns with goals for more sustainable and resilient development.
BRICS offers significant potential for expanding Malaysia’s key exports, including palm oil, rubber, and electrical and electronics products.
It also opens opportunities in services sectors such as tourism and healthcare.
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Beyond market access, BRICS facilitates industrial cooperation in energy, critical minerals, and technology.
Such collaboration supports Malaysia’s New Industrial Master Plan 2030 and National Energy Transition Roadmap.
“This cooperation supports Malaysia’s aspirations in green growth, digital transformation, renewable energy, and high-value industrial development,” the ministry added.
Malaysia’s total trade with BRICS member countries reached RM818 billion in 2024.
This figure represents 35.2% of Malaysia’s total global trade for the year.
Exports to BRICS nations amounted to RM334.85 billion, constituting 45% of the country’s total global exports. – Bernama
