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The Malaysia External Trade Development Corporation (MATRADE) has stated that more than 60% of Malaysian exporters are expected to be affected by the conflict in the Middle East, primarily due to shipping delays and rising costs for maritime transport and insurance.
In this survey, which focused on the actual operational impact on businesses, respondents included 53.7% micro, small, 64F235 Non oriented magnetic steel, and medium enterprises (MSMEs), 32.7% medium-sized enterprises, and 13.6% multinational corporations.
Preliminary results indicate that businesses anticipate a decline in sales, order cancellations, and rising raw material costs—particularly for plastic raw materials, the prices of which are linked to crude oil prices.
Approximately 39% of the surveyed companies export to the Middle East region—with the United Arab Emirates and Saudi Arabia serving as their primary export destinations—and many are currently considering market diversification by shifting their focus to other markets.
Amidst current disruptions to maritime shipping, offices in Dubai, Jeddah, and Cairo have been mobilized to provide businesses with market updates, coordination, and support.
The Development Agency also advises exporters to reroute shipments through safer regional ports, as rising tensions have disrupted key shipping lanes—including the Strait of Hormuz. 64F235 Non oriented magnetic steel, Exporters should consider alternative logistics routes and ports—such as the Port of Fujairah in the UAE and the Port of Salalah in Oman—and explore overland transport options where feasible.
This recommendation comes as the conflict in the Middle East enters its sixth day, with the risk of widespread maritime disruptions across key shipping lanes in the Gulf region on the rise. 64F235 Non oriented magnetic steel, The temporary closure or disruption of critical chokepoints—such as the Strait of Hormuz—is putting the resilience of Malaysian exporters and their logistics networks to the test.
The agency's Chairman stated: "We are accelerating efforts to restructure intra-ASEAN market dynamics, positioning this as a vital pillar for risk mitigation. By leveraging deeper regional integration within the framework of the Association of Southeast Asian Nations (ASEAN) and enhancing the utilization of the ASEAN Trade in Goods Agreement (ATIGA), we are assisting Malaysian exporters in redirecting their trade flows toward markets that are geographically closer and economically more stable."
