Malaysia’s exports reach record high in 2021
Malaysia’s foreign trade rose nearly 25% in 2021 to hit the 2 trillion RM (nearly 450 billion USD) mark for the first time after recording negative growth for two consecutive years, said the Department of Statistics Malaysia (DoSM).
Penang Port in Butterworth town of Malaysia (Photo: AFP/VNA)Exports rose 26.1% to a record high of 1.2 trillion RM (25 billion USD), thanks to significant performances of both domestic exports and re-exports.
Meanwhile, imports also increased by 23.3% to 987.3 billion RM (21.8 billion USD).
Malaysia has maintained a trade surplus for 24 consecutive years since 1998.
Last year, China, ASEAN countries, the US, the EU and Japan were main export markets of Malaysia./.
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