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BRICS countries account for over 35% of Malaysia’s total foreign trade turnover

Investment from BRICS countries amounted to 104.9 billion RM last year, the Malaysian Ministry of Investment, Trade and Industry said, noting that BRICS partner status allows Malaysia to explore new market access and attract additional capital.

An aerial view of skyscrapers in Kuala Lumpur, Malaysia (Photo: AFP/VNA)
An aerial view of skyscrapers in Kuala Lumpur, Malaysia (Photo: AFP/VNA)

Kuala Lumpur (VNA) - Malaysia’s trade with BRICS nations climbed to 818 billion RM (193.47 billion USD) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).

Investment from BRICS countries amounted to 104.9 billion RM last year, the ministry said, noting that BRICS partner status allows Malaysia to explore new market access and attract additional capital.

Although Malaysia is not yet a full member of BRICS, it is already benefiting from economic relations with the countries of the association, as most of them are trading partners and stable sources of foreign investment in Malaysia, Prime Minister Anwar Ibrahim was quoted by TV BRICS as saying.

Earlier, the head of government confirmed the country's commitment to the values that underpin BRICS' activities. He also took part in the 17th BRICS Leaders’ Summit, held in Rio de Janeiro, Brazil on July 6–7./.

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