Trade Performance : February 2023 and January - February 2023
Trade in February Remained Buoyant with Double Digit Growth
Malaysia’s trade performance continued its upward trajectory in February 2023. Trade registered double-digit year-on-year (y-o-y) growth, increasing by 11% to RM204.99 billion compared to February 2022. Exports grew by 9.8% to RM112.28 billion and imports expanded by 12.4% to RM92.71 billion. Trade surplus was recorded for 34 consecutive months since May 2020, valued at RM19.56 billion. Trade, exports and imports registered the highest monthly value for February.
The export growth was supported by strong exports of petroleum products, electrical and electronic (E&E) products as well as liquefied natural gas (LNG). Meanwhile, exports to major trading partners notably ASEAN and the United States (US) recorded double-digit growth.
Compared to January 2023, trade surplus grew by 7.9%, while trade, exports and imports slipped by 1.1%, 0.3% and 1.9%, respectively due to shorter working days.
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Trade Performance : February 2023 and January - February 2023
Trade Performance : February 2023 and January - February 2023 (Infographic)
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Prestasi Perdagangan : Februari 2023 dan Januari - Februari 2023
Prestasi Perdagangan : Februari 2023 dan Januari - Februari 2023 (Infografik)
