As geopolitical shifts, supply chain realignments and the global energy transition reshape the industry, MATRADE is actively supporting Malaysian exporters to explore new and emerging markets across Asia, the Middle East, Africa and Latin America. By encouraging companies to expand beyond traditional markets, MATRADE aims to help Malaysian OGSE firms reduce concentration risks while sustaining long-term export growth.
The oil and gas sector remains a key pillar of Malaysia’s economy, contributing approximately 20% to national GDP. In 2025, petroleum products accounted for RM103.55 billion or 6.4% of Malaysia’s total exports, while liquefied natural gas (LNG) and crude oil contributed an additional RM71.05 billion.
MATRADE Chief Executive Officer, Abu Bakar Yusof, emphasised that market diversification is increasingly important for Malaysian exporters navigating a more complex global trading environment.
“Global supply chains are undergoing major shifts, and Malaysian companies must adapt by diversifying their export markets while strengthening their technological capabilities. MATRADE plays a critical role in helping Malaysian OGSE companies access new markets and position themselves competitively on the global stage,” he said.
Through programmes such as the Mid-Tier Companies Development Programme (MTCDP) and participation in major global industry exhibitions, MATRADE provides Malaysian companies with strategic exposure, business matching opportunities and access to international buyers.
MIR VALVE Sdn Bhd exemplifies how Malaysian OGSE companies can successfully expand into global markets while showcasing Malaysia’s engineering capabilities. From its beginnings as a local valve startup, the company has grown into a globally recognised engineered valve manufacturer serving customers in more than 40 countries, having delivered over 36,000 valve products globally with the support of MATRADE.
Through participation in MATRADE’s MTCDP and international trade platforms such as ADIPEC, MIR VALVE has strengthened its presence in key markets, including India, helping the company diversify its export destinations and reduce reliance on domestic demand.
A recent milestone underscores this progress. MIR VALVE secured a contract valued at over RM10 million for a Subsea Pipeline End Manifold (PLEM) project in India, supplying 48-inch Class 300 Shutdown Subsea Ball Valves, among the largest subsea actuated ball valves in the global market. The project was completed using 100 per cent expertise of local Malaysian talent, demonstrating the capability of Malaysia’s engineering sector to deliver complex solutions for international energy projects.
MATRADE Chief Executive Officer Abu Bakar Yusof noted that export expansion by companies such as MIR VALVE also generates broader economic benefits for Malaysia’s industrial ecosystem.
“International expansion by Malaysian OGSE companies creates a multiplier effect across the local supply chain. In the case of MIR VALVE, its global projects support around 65 Malaysian SMEs that contribute to its manufacturing and engineering ecosystem,” he said.
To commemorate the milestone, MATRADE Deputy Chief Executive Officer, S. Jai Shankar, visited MIR VALVE’s manufacturing facility in Shah Alam to celebrate the completion of the prestigious subsea project.
MIR VALVE Founder and CEO, Stasi Prandalos, said that MATRADE’s support has been instrumental in enabling the company’s international expansion.
“Participation in MATRADE’s MTCDP helped accelerate MIR VALVE’s transformation from a local manufacturer into a global engineering solutions provider, enabling us to compete confidently with established international players,” he said.
