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Old Posted Aug 30, 2021, 2:00 PM
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Malaysia's total trade 13% higher y-o-y at RM180.96b in July — MITI
Bernama August 27, 2021 14:35 pm +08
Quote:
KUALA LUMPUR (Aug 27): Malaysia’s trade performance continued its growth momentum in July 2021, with total trade increasing by 13% year-on-year (y-o-y) to RM180.96 billion, marking the sixth consecutive month of double-digit growth since February 2021.

According to the Ministry of International Trade and Industry (MITI), exports grew by 5% to RM97.32 billion, the 11th consecutive month of y-o-y expansion since September 2020, while imports rose by 24% y-o-y to RM83.64 billion.

“On that note, the trade surplus contracted 45.8% to RM13.68 billion,” it said in a statement today.

MITI said the export growth was backed by higher shipments of petroleum products, palm oil and palm oil-based agriculture products as well as chemicals and chemical products driven by robust external demand.

Exports to major markets, namely ASEAN, the European Union (EU) and Japan, recorded positive growth.
https://www.theedgemarkets.com/artic...-july-—-miti
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