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U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
The overall food processing sector is growing at about 5 percent per year, with dairy, bakery, and processed fish products among the leading sectors.
With per capita income of over $10,500 and a middle and upper class making up 61 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.
Malaysia has a relatively small consumer base for wine. Nonetheless, U.S. sales were a record in 2013, and U.S. wines can build upon this through more educational and promotion efforts.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
There are no significant developments to report since the 2013 report.
The world’s major meteorological organizations have issued alerts about the increasing probability of an El Niño event. Sea-surface temperatures (SST) from March through May have begun to rise in the eastern and central Pacific ocean. In early June...
Malaysia's retail sector is forecast to grow 10 percent annually, offering excellent opportunities for U.S. exports.