SELANGOR, Feb 15 (Bernama) — A research by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, reveals that most Malaysian SMEs who export focus on markets beyond the Asia Pacific (APAC) region. Notably, 82% of these Malaysian SMEs now export to markets beyond APAC, which by far exceeds the 55% exporting within APAC.
The “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific” research shows that exports make up 71% of the revenues earned by APAC SMEs who export, a 60% increase from 2016. Exports from APAC SMEs to outside APAC exceeded exports to markets within the region. 71% of APAC SMEs who export now export globally beyond APAC while 70% export within the region.