In 2023, Malaysia’s rail sector experienced a notable surge in global trade, with exports climbing by 14.3% to RM1.3 billion. This uptick underscores the country’s growing prominence in the global rail market. Capitalising on the renewed interest in rail transportation post-pandemic, MATRADE aims to further amplify exports of rail products and services.
Notably, Malaysian rail exports totaled RM547.2 million in 2023, with key destinations including Singapore, China, Taiwan, the United States, and Hong Kong.
Additionally, Malaysia’s trade with Germany saw a significant boost, reaching RM47.8 million—a 25% increase from the previous year.
MATRADE Frankfurt, Trade Commissioner, Mohamad Termizi Piee, highlighted the opportunities for Malaysian businesses in Germany’s rail market, emphasising Germany’s ambitious targets for railway modernisation and sustainability by 2030.
Tarmizi underscored the significant market potential, citing the expected global rail transport market size of RM3.1 trillion by 2030. This growth trajectory is driven by increasing demand for eco-friendly transport, infrastructure enhancements, and technological advancements.
As Malaysia’s rail industry gears up to showcase its capabilities, innovations, and sustainable solutions at InnoTrans 2024—the leading trade fair for transport technology—organised by MATRADE, the spotlight will be on the nation’s expertise.
With a focus on technological innovation, sustainable practices, rolling stock, digital solutions, and Maintenance, Repair, and Overhaul (MRO) services, Malaysia aims to solidify its position as a key player in global rail transportation.
MATRADE’s Deputy Chief Executive Officer (Export Acceleration), Abu Bakar Yusof highlighted Malaysia’s commitment to sustainability in the rail sector. Embracing green technologies and eco-friendly practices, Malaysia aspires to lead regional and global efforts in railway infrastructure development while contributing to combating climate change.
The German railway sector presents promising opportunities for Malaysian firms, particularly in areas such as power supply, signalling technology, rolling stock, track technology, MRO services, and re-manufacturing activities.
InnoTrans 2024 provides a crucial platform for Malaysian rail companies to showcase their advancements in technology, sustainability, and industry collaboration.
MATRADE extends an invitation to Malaysian companies and related organizations in the rail industry to join the Malaysian Pavilion, where MATRADE will facilitate B2B meetings and MoU signings, further bolstering Malaysia’s stature as a reliable international partner in rail transportation.
