How has Malaysia-China trade grown since diplomatic ties in 1974?

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Malaysia-China Trade Has Expanded Significantly Since 1974

Malaysia-China bilateral trade has experienced substantial growth since the formal establishment of diplomatic ties in 1974. Last year, the total trade volume reached a record high of US$108.6 billion, representing a 683-fold increase from the initial US$159 million recorded in 1974.
Record Trade Volumes Achieved

The bilateral trade between Malaysia and China has consistently set new benchmarks. In the preceding year, the total trade value hit a record US$108.6 billion. This figure dramatically illustrates the deepening economic relationship, expanding from US$159 million when diplomatic relations were first forged in 1974.
Sustained Growth Trajectory

The upward trend in trade is ongoing, with projections indicating another record high for the current year. For the first nine months of 2019, the trade volume had already reached US$89.75 billion, marking an 11.3 per cent increase compared to the same period in 2018. This performance suggests a continued expansion of economic exchange between the two nations.
China's Position as a Key Trading Partner

China has solidified its position as Malaysia's largest trading partner, a status it has maintained for ten consecutive years. The bilateral trade volume between January and October of 2019 alone surpassed US$100 billion, underscoring the significant economic interdependence. This robust trade relationship also represents a substantial portion of China's overall trade with Asean countries, accounting for one-fifth of the total.

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How has Malaysia-China trade grown since diplomatic ties in 1974?

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