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Malaysia's trade turnover posts double-digit growth for 20 consecutive months

Malaysia’s Ministry of International Trade and Industry (MITI) said the nation’s trade continued its upward trajectory in September 2022, up by 31.4% year on year to 256.91 billion RM (54.43 billion USD), marking the 20th consecutive month of double-digit growth.
Malaysia's trade turnover posts double-digit growth for 20 consecutive months ảnh 1Illustrative image (Photo: https://www.nst.com.my/)
Kuala Lumpur (VNA) - Malaysia’s Ministryof International Trade and Industry (MITI) said the nation’s trade continuedits upward trajectory in September 2022, up by 31.4% year on year to 256.91billion RM (54.43 billion USD), marking the 20th consecutive month ofdouble-digit growth.

As reported by the country’s news agencyBernama, the ministry said exports increased by 30.1% to 144.31 billion RM,marking the 14th successive month of double-digit growth, while importsexpanded by 33% to 112.60 billion RM.

As a result, Malaysia’s trade surplus achieveda new record high of 31.71 billion RM.

MITI largely attributed the export growth to robustexternal demand for electrical and electronic (E&E) products, petroleumproducts, liquefied natural gas (LNG), crude petroleum, optical and scientificequipment as well as machinery, equipment and parts.

Malaysia’s exports to major trading partners,notably ASEAN, the US, the EU, and Japan, recorded double-digit growth, withthe figure for Japan registered the highest monthly value ever./.
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