KUALA LUMPUR, Feb 20 — Malaysia maintained its impressive trade performance in January 2023 with trade, exports and imports registering the highest monthly value for the month of...
KUALA LUMPUR, Feb 20 — Malaysia maintained its impressive trade performance in January 2023 with trade, exports and imports registering the highest monthly value for the month of January.
“Exports to major trading partners notably Asean and Japan recorded double-digit growth. Compared to December 2022, trade, exports, imports and trade surplus contracted by 11.8 per cent, 14.4 per cent, 8.6 per cent and 35.5 per cent respectively, due to shorter working days and long festive holidays,” it shared.
On a month-on-month basis, the ministry said exports of mining goods edged up by 5.8 per cent while exports of manufactured and agriculture goods declined by 14 per cent and 36.4 per cent, respectively. “Exports to China was valued at RM14.98 billion, declining by 11.9 per cent on lower exports of iron and steel products as well as petroleum products, but higher exports were recorded for chemicals and chemical products as well as E&E products.
Imports from the US edged up by 4.7 per cent to RM6.67 billion and on a m-o-m basis, trade, exports and imports shrank by 16.8 per cent, 22 per cent and 5.3 per cent respectively, it said.
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