Monday, 06 December 2021 09:25 GMT

Malaysian August exports increase 18.4 pct yoy

(MENAFN) On Tuesday, Sep. 28 official figures demonstrated that exports of Malaysia surged 18.4 percent to 95.59 billion ringgit (USD22.85 billion) last month from a year ago, as exports to all key markets that is to say ASEAN, China, the U.S., the European Union (EU), and Japan logged positive expansion.

The Malaysian Ministry of International Trade and Industry stated in a report that the export expansion was contributed mostly by strong external demand for petroleum produce, electrical and electronic products chiefly because of higher shipments of semiconductors and chemicals and chemical products.

In the meantime, total trade surged by 15.7 percent hitting about USD40,59 billion last month. Imports grew by 12.5 percent reaching about USD17,74 billion whereas trade surplus soared by 44.7 percent hitting USD5,11 billion.

During the January-August period of this year, the country’s trade grew by 22.9 percent hitting USD337 billion from the corresponding period of 2020.

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