Kuala Lumpur: Malaysia’s trade with Asean represented 28.1 per cent or RM60.8 billion of Malaysia’s total trade in July, a drop of 17 per cent in year-on-year (y-o-y), said the Ministry of Investment, Trade and Industry (Miti).
Exports shrank by 18.8 per cent to RM34.53 billion, mainly due to lower exports of petroleum products while higher exports were recorded for crude petroleum.Imports from Asean contracted by 14.6 per cent to RM26.27 billion. Exports to Asean major markets that recorded an increase was Vietnam, which grew by RM9.4 million led by strong exports of electrical and electronic products.
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