MITI said exports rose by 15.6 per cent to RM130.24 billion.
The Ministry of International Trade and Industry said in a statement today that exports rose by 15.6 per cent to RM130.24 billion, while imports and trade surplus increased by 15.6 per cent each to RM107.93 billion and RM22.3 billion respectively.
Compared to October 2022, trade surplus rose by 23.5 per cent while trade, exports and imports contracted by 2.8 per cent, one per cent and 4.9 per cent, respectively. Exports of mining goods soared by 62.6 per cent y-o-y to RM10.43 billion, the 20th successive month of double-digit growth led by higher exports of LNG and crude petroleum.
In November 2022, trade with ASEAN contributed 26.6 per cent to Malaysia’s total trade, rising by 11.6 per cent y-o-y to RM63.46 billion.
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