KUALA LUMPUR, April 18 — Malaysia's total trade recorded a double digit growth of 27.3 per cent year-on-year (y-o-y) in March 2022 to reach a new high of RM236.6 billion, the Department of Statistics Malaysia (DoSM) said. Export and import values in March once again broke the record for...
KUALA LUMPUR, April 18 — Malaysia's total trade recorded a double digit growth of 27.3 per cent year-on-year in March 2022 to reach a new high of RM236.6 billion, the Department of Statistics Malaysia said.
He said trade surplus widened by 10.3 per cent from RM24.2 billion in the preceding year to RM26.7 billion, marking the 23rd consecutive months of trade surplus since May 2020. "Meanwhile, re-exports amounted to RM24.7 billion, expanded by 38.0 per cent compared to March 2021," he said in a statement, today.
"An outstanding annual growth in exports was portrayed in 166 out of 255 commodity groups, showing increases compared to the same month of the previous year, led by thermionic valves and tubes. As for imports, 186 of 259 groups posted a positive growth,” he added. Mohd Uzir noted that the expansion of export was driven by electrical and electronics products ; petroleum products ; palm oil and palm oil-based agriculture products ; liquefied natural gas ; crude petroleum ; and palm oil-based manufactured products .
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