Miti: Malaysia registers highest month-on-month export growth since April 2010
03 May 2019
Based on the data released by the International Trade and Industry Ministry , imports and trade surplus expanded by 25.4 per cent and 30 per cent respectively, with higher trade registered with China, Saudi Arabia, Taiwan, Australia and the United States. Compared to February 2019, exports of manufactured, mining and agriculture goods surged by 26.8 per cent, 24.2 per cent and 22.2 per cent, respectively.
Miti also said that trade with China which made up 16.5 per cent of total trade of the country rose by 13.6 per cent year-on-year to RM25.44 billion in March 2019, while in Q1 2019 it has expanded by 4.5 per cent to RM72.02 billion compared to Q1 2018. As for trade with the US, it rose by 2.1 per cent y-o-y to RM13.46 billion or 8.8 per cent of Malaysia’s total trade in March 2019.
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