Trade Performance : March 2024 and January - March 2024

Trade Grew 7.1% Year-on-Year, with FTA Partners Contributing Close to 66% to Malaysia’s Total Trade for First Quarter 2024

For the period of January to March 2024, Malaysia recorded the highest historical first quarter (Q1) trade, export and import values. In line with the recovery in global trade, Malaysia’s Q1 2024 trade performance continued its upward trajectory, recording 7.1% growth to RM690.59 billion year-on-year (y-o-y), with a trade surplus of RM34.22 billion.

Q1 2024 exports increased by 2.2% to RM362.41 billion compared to Q1 2023, on the back of higher exports of manufactured and mining goods. Exports of iron and steel products, machinery, equipment and parts, manufactures of metal, crude petroleum and liquefied natural gas (LNG) recorded notable increases. In terms of markets, growth was supported by increased exports to ASEAN, the United States (US) and Japan. On the other hand, imports recorded double-digit growth of 13.1% to RM328.19 billion due to robust imports of capital and intermediate goods meant for the manufacturing of products for exports.

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Trade Performance : March 2024 and January - March 2024
Trade Performance : March 2024 and January - March 2024 (Infographic)

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Prestasi Perdagangan :Mac 2024 dan Januari - Mac 2024
Prestasi Perdagangan :Mac 2024 dan Januari - Mac 2024 (Infografik)