Trade Performance : January 2024
Trade, Exports and Imports Rebounded in January
Malaysia’s trade in January 2024 rebounded with a double-digit expansion by 13.3% to RM234.73 billion after registering 10th consecutive month of year-on-year (y-o-y) contraction. Exports edged up by 8.7% to RM122.43 billion and imports increased by 18.8% to RM112.3 billion. This was also the highest monthly value recorded for the month of January. Meanwhile, trade surplus amounted to RM10.12 billion and marked the 45th consecutive month of trade surplus since May 2020.
The export growth was boosted by higher shipments of petroleum products, machinery, equipment and parts, iron and steel products as well as manufactures of metal. Exports to major trading partners namely ASEAN, the United States (US), the European Union (EU) and Japan recorded expansion.
Compared to December 2023, trade, exports and imports increased by 4.3%, 3.4%, and 5.3%, respectively while trade surplus contracted by 13.8%.
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Trade Performance : January 2024
Trade Performance : January 2024 (Infographic)
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Prestasi Perdagangan : Januari 2024
Prestasi Perdagangan : Januari 2024 (Infografik)
