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Export trade has become an important bridge connecting economies of different countries. However, every cross-border transaction comes with varying degrees of risk, especially for small and medium-sized enterprises. How to assess and manage these risks has become key to their successful going global. Among many export destinations, what signals does Malaysias risk index show?

SMERI (Small and Medium Enterprises Risk Index), that is, the Small and Medium - sized Enterprise Risk Index, is an indicator specifically designed to assess the risk level faced by small and medium - sized enterprises (SMEs). This index usually takes into account various factors, including market environment, financial situation, industry characteristics, policy changes, credit availability, and other external and internal factors that may affect the operation and growth of SMEs. The purpose of SMERI is to provide investors, lending institutions, government departments, and entrepreneurs with a quantitative tool to evaluate the risks and stability of SMEs operations.

Theoretically, the lower the SMERI index, the smaller the risks faced by enterprises. Correspondingly, the business environment and future development prospects of enterprises are considered to be more stable and secure. Therefore, from the perspective of risk management and investment safety, a lower SMERI index is usually regarded as more favorable.

According to the latest SMERI report, Malaysia, as an important trading partner for Chinese small and medium-sized enterprises, has an overall credit risk level rated as low, which is undoubtedly a positive signal for enterprises considering or already doing business in the Malaysian market. However, to gain a deeper understanding of the specific situation behind this assessment, we need to explore it in detail from the following aspects.

The SMERI index of Malaysia is 14.9 points, which is 10.6 points lower than the average level of the 45 countries covered in the report, indicating that the overall credit risk of transactions with Malaysian enterprises is low. This result is partly due to the efforts made by the Malaysian government in recent years to stabilize the economy, boost domestic demand, and optimize the trade environment. However, the fluctuating downward trend of the Malaysian SMERI index also indicates the existence of market uncertainties, and enterprises need to conduct continuous risk assessment and management.

Malaysia scored 16.7 points on macroeconomic indicators, well below the average, reflecting its low macroeconomic risk level. In 2022, Malaysias economic growth rate reached a 22-year high, showing strong recovery momentum. This is due to a series of economic stimulus measures taken by the government, such as consumption subsidies and social welfare programs, as well as growth in the service and manufacturing sectors. This indicator shows that from a macroeconomic perspective, the Malaysian market provides a relatively stable and favorable trade environment for Chinese small and medium-sized enterprises.

On trade environment indicators, Malaysia scored 22 points, also below the average, indicating its low trade environment risk with China. This result reflects Malaysias increasing demand for Chinese goods and services imports, as well as the stable standardization of trade regulations. With possible reductions in tariff levels and weakening anti-dumping and countervailing measures, Malaysia will become a more open and friendly trading partner for Chinese enterprises.

Malaysian enterprises scored 11.0 points on the main quality indicators, well below the average of 23.5 points, reflecting the good credit status of Malaysian enterprises as low risk. This means that Malaysian buyer enterprises generally have high credit quality, providing stable partners for Chinese small and medium-sized enterprises.

Malaysian enterprises trading with Chinese small, medium - sized and microforeign tradeMalaysian enterprises involved in transactions scored 13.9 points on payment status indicators, 1.3 points above the average, indicating high payment credit risk for Malaysian buyer enterprises. This suggests that Chinese exporters need to strengthen the review and monitoring of buyers payment capabilities when trading with Malaysian enterprises.

Data from Sinosure shows that the comprehensive query popularity of Chinese small, medium - sized and micro enterprises for Malaysia has been declining year by year, and is generally lower than the average level of 45 countries. This may reflect that Chinese enterprises attention to the Malaysian market has weakened, or due to the improvement of market risk awareness, enterprises are more cautious in choosing export destinations.

According to the business data of Sinosure, the main reasons and risk distribution of export losses of Chinese small, medium - sized and micro enterprises to Malaysia show that payment default is one of the main risks. This further emphasizes the importance of strengthening the assessment of the payment ability and credit status of Malaysian buyers.

Based on the above analysis, the Malaysian market presents a low risk and good development potential for Chinese small, medium - sized and micro foreign - trade enterprises. Although there is uncertainty in the global economic environment, Malaysia has a good macro - economic foundation. Coupled with the governments active measures to promote economic recovery and optimize the trade environment, it provides a stable export destination for Chinese small, medium - sized and micro enterprises. However, when making decisions to export to the Malaysian market, enterprises still need to pay attention to market dynamics and strengthen risk management to cope with possible market fluctuations and challenges.