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In 1971 Malaysian imports from Israel exceeded M$11 million while exports to Israel totaled more than M$2 million. Malaysia imposed a ban on trade with Israel in 1974.[3]:23
According to the Israel–Asia Center, trade between Israel and Malaysia
is conducted through intermediate countries such as Singapore and
Thailand rather than directly. Between 2000 and 2001, exports to
Malaysia from Israel's Intel computer chip factory in the town of Kiryat Gat were responsible for US$600–700 million.[5]
A 2002 report on Israel's trade relations with Indonesia and Malaysia
from Israel's Ministry of Industry, Trade and Labor advised Israelis
interested in conducting business with Malaysian companies that "there
is no opposition to trade and commercial relations as long as a low
profile is kept." The same report stated that Israel's Intel factory
accounted for some 98% of Israel's exports to Malaysia between 1999 and
2002. Thus in 1999 Israeli exports to Malaysia were worth $107 million –
$5.3 million excluding Intel. In the same year Israeli imports from
Malaysia were worth $23.6 million. In 2000 Israeli exports to Malaysia
were worth $732 million – $4.7 million excluding Intel. In the same year
Israeli imports from Malaysia were worth $25.9 million. In 2001 Israeli
exports to Malaysia were worth $615.5 million – $4.7 million excluding
Intel. In the same year Israeli imports from Malaysia were worth $26.3
million.[6]
Figures released by Israel's Central Bureau of Statistics
showed that trade between Israel and Malaysia during the years
2008–2011 fluctuated considerably. In 2008, Israeli exports to Malaysia
came to $30.2 million while Israel imported goods worth $100.6 million.
In 2009, Israel exported $116.8 million-worth of goods to Malaysia and
imported goods worth $68.5 million. In 2010, Israel's exports to
Malaysia grew to $798 million and imports grew to $85 million. 2011 saw
Israel export goods to Malaysia worth $716.4 million and import goods
worth $93.6 million.[7] A report compiled by the European Commission indicated that in 2010 Malaysia ranked 15th among Israel's major trade partners, accounting for 0.8% (€667.6 million) of Israel's trade in that year.[8]
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