KUALA LUMPUR: Malaysia’s trade performance is expected to continue its positive momentum from June 2020 into the second half of the year, driven by th...
Malaysia’s trade performance is expected to continue its positive momentum from June 2020 into the second half of the year, driven by the reopening of the economic sectors since the implementation of the Conditional Movement Control Order .
“We are glad to see the improvements in our trade in June where export increased by 8.0 per cent and even more encouraging, we saw exports have continued to rise in July by 3.1 per cent, making it two consecutive months of increased ,“ he told reporters on the sidelines of the eNational Export Day 2020 here, today.
With the reopening of the economy in stages since the CMCO, Wan Latiff foresees that the decline in the first half would not be extended into the next few months or rather second half of this year. Meanwhile, Deputy International Trade and Industry Minister Datuk Lim Ban Hong said Malaysia’s total trade in June 2020 expanded by 1.7 per cent to RM144.78 billion, while exports bounced back with an 8.0 per cent increase to RM82.82 billion.
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