Miti: Malaysia trade up 12.1pc to RM221.74b, exports rebound 9.1pc to RM114.72b in April

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Miti: Malaysia trade up 12.1pc to RM221.74b, exports rebound 9.1pc to RM114.72b in April
Malaysia Trade
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KUALA LUMPUR, May 20 — Malaysia’s trade continued its strong performance and maintained an upward trajectory in April 2024, recording double-digit growth of 12.1 per cent to...

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Miti said imports in April 2024 grew by 15.6 per cent y-o-y to RM107.02 billion, contributed by strong imports of intermediate goods used mainly for the manufacturing of products for exports.The ministry revealed that the first four months of 2024 recorded the highest values ever for the period for trade, exports and imports, with trade growing by 8.3 per cent to RM912.27 billion compared to the corresponding period in 2023.

“The contraction was attributed to lower trade with major trading partners namely Taiwan, Asean, India, Japan and the United Arab Emirates .

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