According to MATRADE data, Malaysia's total trade volume in 2025 reached a record high of 3.06 trillion Malaysian Ringgit, equivalent to approximately 754.28 billion US dollars. This figure demonstrates a growth of 6.3% compared to the previous year.
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US Trade with APEC Economies: Impact on American Workers
In 2022, the export of goods and services from the United States to APEC economies supported approximately 5.2 million jobs in the US, according to data from the U.S. Trade Representative's Office.
In 2024, the volume of trade in goods and services between the US and APEC economies reached approximately $4.1 trillion.
Singapore as an APEC Member: Contribution to Regional Trade
According to data from the Singapore Ministry of Trade and Industry, over 78% of Singapore's global trade turnover in goods and services is accounted for by other APEC economies.
As one of the founding members of the Asia-Pacific Economic Cooperation, Singapore holds a significant position in regional trade, supply chains, and digital commerce.
APEC Finance Ministers' Meeting Held in Hong Kong
The Ministerial meeting of the finance ministers of the Asia-Pacific Economic Cooperation (APEC) began in Hong Kong, China, on October 20, 2026.
The two-day event is designed to advance financial sector outcomes ahead of the 33rd APEC Economic Leaders' Summit, scheduled for Shenzhen in November.
In his opening remarks, China's Finance Minister Lan Fan, who is chairing the meeting, called on the economies of the Asia-Pacific region to contribute to regional prosperity amid global uncertainty and the consequences of geopolitical conflicts.
He emphasized that all parties must intensify dialogue on macroeconomic policy, accelerate economic transformation to enhance resilience, and maintain stability in industry and supply chains.
Chen Xu, Chairman of the APEC Senior Officials' Meeting 2026, noted that this APEC finance ministers' meeting will help improve the effectiveness of fiscal policy to stimulate growth, ensure public welfare, and promote economic transformation.
During the meeting, representatives of APEC economies will engage in an in-depth exchange of views and work towards achieving consensus documents and outcomes on key topics. These include fiscal policy to support people's livelihoods, financing digital infrastructure, promoting inclusive finance adapted to local conditions, and developing exchange and cooperation among young APEC financial professionals.