KUALA LUMPUR, June 13 — The Ministry of Investment, Trade and Industry’s New Industrial Master Plan 2030 is being drafted to drive industrial development and advance the nation’s economic complexity.
“The sectors are aerospace, chemicals/petrochemicals, digital economy, electrical and electronics , and pharmaceuticals,” he said, adding that out of the top five exported products, only E&E and chemicals can be considered as products with higher complexity. Hence, he said to achieve higher economic complexity, the NIMP2030 Task Force is also looking at making Malaysia a digitally-vibrant nation by accelerating tech adoption, spurring the next generation of tech innovation companies, and developing business opportunities by leveraging new data sources.In 2022, Malaysia’s top five exports in terms of value are E&E products , petroleum products , palm oil , chemicals , and liquefied natural gas .