He said the members' focus had shifted towards the more popular smart mobile devices and consumer electronics segments from the computing segment.
MAEI members' exposure to computing market product segment was at a majority of 46 per cent while smart mobile devices and consumer electronics segments garnered 17 per cent and 28 per cent, respectively, as at end-2013.
These are the three main product segments for MAEI.
"The first-quarter data initially showed export value for this year was at negative 4.7 per cent.
"Moving to the second half, market players have already begun moving to other segments in the market, and we expect export value to be positive, although in the lower range," he told reporters at a joint press conference with Malaysian
Investment Development Authority (Mida) on the MAEI annual survey 2013/2014 here today.
Wong said according to the survey, MAEI companies continued to be a major contributor to the local economy, with exports totalling RM54.8 billion last year, accounting for 8.3 per cent of the country's total exports and 11 per cent of total manufacturing exports.
Wong also today announced that Mida would set up an E&E (Electrical and Electronics) council in the third quarter this year as an efffort to drive the industry forward.
Asked on the Trans-Pacific Partnership Agreement, Wong said it would be a good thing for the country, given that historically "things will go up" whenever a trade agreement of such nature was signed.
"It will help promote business between Malaysia and the small and medium enterprises in the United States. All this while, we are mostly doing business with the fortune 500 companies," he added.
Meanwhile, Mida Chief Executive Officer Datuk Azman Mahmud said the agency had approved a total of RM4.3 billion worth of investments in the E&E sector for the first quarter of this year, which was almost half of the approved investments of RM9.8 billion for the whole year of 2013.
"The projects approved for January-March 2014 are expected to generate about 5,200 job opportunities," he added. -- Bernama
- See more at: http://www.nst.com.my/business/latest/maei-upbeat-on-export-growth-this-year-1.612107#sthash.GVAIwuBL.dpuf