Malaysia’s export predicted to rebound by 8.2 percent in 2021

14/07/2021 10:05

Malaysia’s export growth is projected to rebound by 8.2 percent in 2021 driven by the improvement in external demand, said Deputy International Trade and Industry Minister Senator Lim Ban Hong.

Malaysia’s export predicted to rebound by 8.2 percent in 2021 ảnh 1

Deputy International Trade and Industry Minister Senator Lim Ban Hong (Source: www.thestar.com.my)

Kuala Lumpur (VNA) - Malaysia’s export growth is projected to rebound by 8.2 percent in 2021 driven by the improvement in external demand, said Deputy International Trade and Industry Minister Senator Lim Ban Hong.

He said Malaysia’s exports had shown a positive growth trajectory following the progressive opening of the economy and gradual recovery of external demand.

The nation’s trade for the first five months of the year grew by 26 percent year-on-year to 867.4 billion RM (207 billion USD).

According to the minister, the growth was attributable to robust demand for electrical and electronic products, mainly semiconductors, due to the increasing orders for work-from-home equipment and digitalisation of businesses; rubber products as well as petroleum products./.

VNA