SME Export Performance Fuels Malaysia’s Economic Recovery
Kuala Lumpur, Malaysia, 31 January 2022 – In an unprecedented first, the Malaysia International Halal Showcase (MIHAS) 2021 was successfully conducted in a fully virtual format from 9th September until 31st December 2021 proving that the Malaysia External Trade Development Corporation (MATRADE)’s iconic event is the leading platform in the world’s halal community.
According to MATRADE’s Chief Executive Officer, Mohd Mustafa Abdul Aziz, MIHAS 2021 generated a total of RM2.13 billion in export sales, comprising RM1.38 billion sales recorded by exhibitors and RM749.1 million from Malaysian companies who participated in the International Sourcing Programmes (INSP). The virtual INSP is a business-matching programme in which MATRADE’s 46 overseas-based offices match-make Malaysian exporters with potential international buyers.
Malaysian exhibitors accounted for RM562 million in total sales while foreign exhibitors also reported encouraging sales which further highlighted MIHAS’s robustness as the global avenue to the ever-growing Halal economy.
For foreign exhibitors, Indonesia led with the highest sales totalling RM403.4 million, followed by the Philippines (RM199.3 million), Vietnam (RM103.8 million), Pakistan (RM36.0 million) and Brazil (RM13.2 million).
Islamic Financial Services (RM380.9 million, 27.6 per cent) recorded the highest total sales among the 12 key clusters that MIHAS 2021 focussed on, followed by Beverages (RM329.6 million, 23.9 per cent), Processed Food (RM150.6 million, 10.9 per cent), Pharmaceutical, Toiletries & Cosmetics (RM138.0 million, 10.0 per cent), and Agricultural Produce (RM106.7 million, 7.7 per cent).
The year 2021 also witnessed MATRADE’s impactful digital transformation in which the 17th MIHAS edition featured the virtual participation of 549 exhibitors comprising 246 local exhibitors and 303 foreign exhibitors from 42 countries including new entrants from countries such as Mexico, Guatemala, Trinidad & Tobago and Colombia.
The top five foreign exhibiting countries are Indonesia (45 exhibitors), China (23 exhibitors), the Philippines (20 exhibitors), South Korea (18 exhibitors) and Thailand (16 exhibitors). Besides attracting 16,152 trade visitors and delegates, MIHAS 2021 created opportunities for small and medium enterprises (SMEs) to strengthen their export capabilities.
Moving forward, Mustafa added “We encourage Malaysian companies to leverage on MATRADE’s 286 exporter development and export promotion programmes planned in 2022. MATRADE will continue to establish strategic collaborations with various public and private sectors in implementing export-based programmes in order to create more export opportunities.”
MIHAS 2021 Knowledge Hub
The forward-looking market insight discussions were part of the networking and business matching sessions organised during MIHAS 2021. The Knowledge Hub expounded insights on future-trending topics such as Women and Economy, Islamic Intellectual Property, Halal Considerations in Cloud Kitchens, The Pandemic Challenges & Opportunities to Modest Fashion Industry and Market Access Insights.
MIHAS Public Relations Award
A testament to its success as the leading halal showcase in the region, MIHAS 2021 received the Gold Award in the Best “Pandemic Pivot” or “COVID-19 Communications” campaign category at the Malaysia Public Relations Awards (MPRA) on 17 December 2021. Themed ‘Empowering Halal, Tomorrow, Together’, various PR strategies were implemented with greater emphasis on digitalisation including social media channels to optimise the brand impact and position MIHAS on the world stage.
The Malaysia International Halal Showcase (MIHAS) is the Halal industry’s number one business platform. It brings international visitors and traders together to the same forum. MIHAS delivers opportunities across the global Halal markets; Food & Beverages, Pharmaceuticals, Cosmetics, Logistics, Muslim-Friendly Tourism, Islamic Finance, eCommerce, Education, Modest Fashion, Food Technology and Franchise. MIHAS is the premier event that is not limited to the ASEAN region alone but is also supported internationally by the enthusiastic participation of International Pavilions from countries across the globe.
About Malaysia External Trade Development Corporation (MATRADE)
MATRADE’s mission to promote Malaysian’s export has enabled many local companies to carve new frontiers in global markets. Today as we continue to put the spotlight on capable Malaysian companies on the international stage, we are helping to make the phrase ‘Made-In-Malaysia’ synonymous with excellence, reliability and trustworthiness.