Agriculture Sector In Malaysia 2020

The british established large scale plantations and introduced new commercial crops rubber in 1876 palm oil in 1917 and cocoa in the 1950s. Agriculture is now a minor sector of the malaysian economy accounting for 7 1 of malaysia s gdp in 2014 and employing 11 1 of malaysia s labour force contrasting with the 1960s when agriculture accounted for 37 of malaysia s gdp and employed 66 2 of the labour force. Since gaining independence in 1957 malaysia has successfully diversified its economy from one that was initially agriculture and commodity based to one that now plays host to robust manufacturing and service sectors which have propelled the country to become a leading exporter of electrical appliances electronic parts and components.

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With a share of 36 5 palm oil was the major contributor to agricultural sector gdp in 2019 followed by livestock 15 9 and fishing 12 5.

Agriculture sector in malaysia 2020. On average maha used to attract about three million visitors to the malaysia agro exposition park maeps in serdang said the agriculture and food industries minister. Gdp from agriculture in malaysia increased to 24527 myr million in the second quarter of 2020 from 22503 myr million in the first quarter of 2020. Selected agricultural indicators malaysia 2019 comprises of statistics on economic performance employment domestic production and external trade for the agriculture sector.

Agriculture remains an important sector of malaysia s economy contributing 12 percent to the national gdp and providing employment for 16 percent of the population. Tuesday 18 august 2020 1200 selected agricultural indicators malaysia 2019. Gdp from agriculture in malaysia averaged 23434 57 myr million from 2010 until 2020 reaching an all time high of 28030 myr million in the third quarter of 2019 and a record low of 19362 myr million in the first quarter of 2011.

Agriculture has been key to malaysia s economic development and the agriculture sector contributes approximately 7 54 of malaysia s gdp in 2018. These statistics are presented in three main agriculture sub sectors namely crops livestock and fisheries. The agriculture sector contributed 7 3 per cent rm99 5 billion to the gross domestic product gdp in 2018.

The country is also undergoing various economic partnerships and is working to reduce or eliminate tariffs on agricultural and industrial products especially with chile india japan and pakistan. The malaysia agriculture horticulture and agrotourism show 2020 maha will be scaled down this year in light of the covid 19 pandemic says datuk seri dr ronald kiandee. The agriculture sector contributed 7 3 to malaysia s gdp in 2019 down from 8 3 in 2015 and 10 in 2010.

In 2019 a total of 42 agricultural commodities was covered and 24 of them recorded self sufficiency ratio ssr more than 100 per cent.