Malaysia's Rubber Gloves Exports May Reach 220 Billion In 2020

- Sep 17, 2020-

The new crown pneumonia epidemic has caused a surge in global demand for rubber gloves. As of 13:41, September 13, Central European time (19:41, Beijing time), the number of confirmed cases of new coronary pneumonia reported globally increased by 307,931 from the previous day, setting a record since the outbreak. As the world's largest exporter of rubber gloves, foreign media reported on September 9 that the country's rubber glove exports from January to July increased by 50.1% to 15.06 billion ringgits from 10.03 billion ringgits in the same period last year.

Lim Ban Hong, Deputy Minister of International Trade and Industry of Malaysia, said that the increase in rubber glove exports is the result of increased demand and the government's efforts to help the rubber glove industry. By 2020, the global demand for rubber gloves is estimated to reach 330 billion, and the output of the Malaysian export market is estimated to reach 220 billion, accounting for 67% of the global demand market.

He said in an interview on Wednesday that this is a good opportunity for our country to strengthen its brand and confidence in Malaysian products internationally. This is an answer to the country’s senator’s question on the government’s efforts and actions to take advantage of the opportunities provided by the booming rubber glove manufacturing and production industry since the outbreak of the new crown epidemic.

Lim Ban Hong said the government encourages participants in the rubber glove industry to reinvest or make additional investments to take advantage of this opportunity. According to the National Economic Recovery Plan (PENJANA), the Malay government has launched the Special Reinvestment Subsidy Incentive Program (Special RA) to encourage reinvestment and additional investment.

In addition, he said that the Malay government has also encouraged the introduction of automation and high-tech processes in the manufacturing industry, including the rubber glove industry, by providing "automated capital subsidies" incentives for labor-intensive manufacturing. Considering that the rubber glove industry has grown exponentially since the outbreak of the new crown epidemic, and it is necessary to build factories at a faster rate, the government has put forward an initiative through PENJANA, and manufacturers can obtain manufacturer licenses within 48 hours.

Last year, Malaysia exported 170 billion rubber gloves (export value 17.3 billion ringgit). During the implementation of the Movement Control Order (MCO), medical and surgical equipment, especially factories that produce rubber gloves, must obtain approval from the Ministry of International Trade and Industry (MITI) and the Ministry of Health (MOH) for their production and operation activities. MPIC stated that on the one hand, the government implemented incentive policies for rubber production, and on the other hand reminded rubber glove manufacturers to comply with government regulations and industry regulations.