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KUALA LUMPUR: Malaysia achieved total trade of RM2.879 trillion in 2024, which was a 9.2% increase over the value of shipments in 2023 on the back of continued growth in both exports and imports.
The country recorded a trade surplus of RM19.18bil, its highest in 14 months, and an overall trade value of RM257.86bil, the highest monthly value recorded for December. "Canada was one of those export destinations which recorded growth, driven by higher demand for electrical and electronic products, while exports to Turkiye and Mexico soared to a new record high, fuelled by the increased shipments of iron and steel products as well as chemicals and chemical products, respectively," it said.
Meanwhile, agriculture goods made a strong recovery with an 11.4% increase over 2023 to RM105.67bil. The increase was fuelled by higher exports of palm oil and palm oil-based agriculture products which grew 11.7% to RM79.22bil following higher export prices and volumes.
Trade Export Import Miti Manufacturing Agriculture E&E
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