Exports in March this year grew by 26.2% while total trade surged 25.9%, says Miti.
KUALA LUMPUR: Malaysia has recorded the highest month-on-month export growth since April 2010 when exports in March this year grew by 26.2% while total trade surged 25.9%.
“This was attributed to higher exports of petroleum products, optical and scientific equipment, chemicals and chemical products, processed food as well as paper and pulp products,” it said in a statement today on trade performance for March 2019 and the period of January to March 2019. As for mining goods exports, it increased by 3.8% to RM21.97 billion, contributed by higher exports of LNG while exports of agriculture goods contracted by 12.5% to RM15.59 billion, owing mainly to lower exports of palm oil and palm oil-based agriculture products.
Compared with February 2019, trade, exports and imports were higher by 44%, 37.3% and 50.2% respectively.
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