PETALING JAYA: A strengthening global economy boosted Malaysia’s trade performance with double-digit growth in July. Total trade registered an increas...
A strengthening global economy boosted Malaysia’s trade performance with double-digit growth in July.
Chief Statistician Malaysia, Datuk Seri Dr Mohd Uzir Mahidin said exports increased in July in tandom with the rise in domestic exports , which were up by 18% to RM105 billion, compared to July 2023. Re-exports amounted to RM26.1 billion, down by 5.8% compared to the same month in the previous year.Total trade registered the 51st consecutive month of surplus since May 2020. It, however, decreased by 62.9% to RM6.4 billion.
From the perspective of commodity groups, 177 out of 259 export groups and 192 out of 258 import groups showed an increase compared to the same month of the previous year. Higher imports were mainly from China , followed by the United States , Taiwan , Singapore , the European Union , Thailand , JapanMohd Uzir said the rise was in line with the increase in other manufactures ; palm oil & palm-based agriculture products ; machinery, equipment & parts ; petroleum products ; electrical & electronic products ; and manufacture of metal .
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