TRADE PERFORMANCE 2019
22nd Consecutive Year of Trade Surplus
In 2019, Malaysia’s trade surplus continued to register double-digit growth for 3 consecutive years, widening by 11% to RM137.39 billion compared to RM123.78 billion in 2018. This was the largest trade surplus since 2009, representing Malaysia’s achievement of 22nd consecutive year of trade surplus.
In tandem with softer global demand amid trade tensions and unfavourable external economic conditions, total trade contracted by 2.5% to RM1.835 trillion. Exports decreased marginally by 1.7% to RM986.4 billion, from the preceding year while imports declined by 3.5% to RM849.01 billion.
Lower trade was recorded with Singapore, Hong Kong SAR, France, Thailand and Japan. Nevertheless, higher trade was registered with the United States (US), the United Arab Emirates (UAE), the Philippines, Cambodia, Mexico and the United Kingdom (UK).
Trade Performance : December 2019 and January - December 2019