Malaysia’s trade surplus in 2018 widened by 22.1 percent to 120.27 billion ringgit (nearly 30 billion USD), registering the fastest rate in 10 years and the largest figure since 2012 (Photo: www.nst.com.my) Kuala Lumpur (VNA) – Malaysia’strade surplus in 2018 widened by 22.1 percent to 120.27 billion ringgit (nearly30 billion USD), registering the fastest rate in 10 years and the largest figuresince 2012, reported the New Straits Time newspaper.
The country’s total trade expanded 5.9percent to 1.87 trillion ringgit last year. Exports reached 998 billionringgit, a rise of 6.7 percent year-on-year, while imports stood at 878 billionringgit, up 4.9 percent.
This was the 21st consecutive year of tradesurplus since 1998, the Malaysian International Trade and Industry Ministrysaid.
Despite the uncertainties in the globalenvironment, Malaysia’s exports surpassed the forecast growth of 4.4 percent inthe Economic Outlook 2019, said the ministry in a statement.
The remarkable performance was contributed tohigher trade with China’s Hong Kong (up 45.2 percent), Bangladesh (27.3percent), mainland China (8.1 percent), and Saudi Arabia (2 percent).
Meanwhile, Malaysia’s trade with otherASEAN members and the European Union increased by 4.7 percent and 4.8 percent,respectively. -VNA
The country’s total trade expanded 5.9percent to 1.87 trillion ringgit last year. Exports reached 998 billionringgit, a rise of 6.7 percent year-on-year, while imports stood at 878 billionringgit, up 4.9 percent.
This was the 21st consecutive year of tradesurplus since 1998, the Malaysian International Trade and Industry Ministrysaid.
Despite the uncertainties in the globalenvironment, Malaysia’s exports surpassed the forecast growth of 4.4 percent inthe Economic Outlook 2019, said the ministry in a statement.
The remarkable performance was contributed tohigher trade with China’s Hong Kong (up 45.2 percent), Bangladesh (27.3percent), mainland China (8.1 percent), and Saudi Arabia (2 percent).
Meanwhile, Malaysia’s trade with otherASEAN members and the European Union increased by 4.7 percent and 4.8 percent,respectively. -VNA
VNA
