MATRADE Organisation MATRADE Annual Report 2022 15 EXPO 2020 DUBAI* As Malaysia’s Pavilion Trade & Business Collaboration Partner at Expo 2020 Dubai (Oct 2021 - March 2022), MATRADE orchestrated over 500 business matches involving 21 ministries, five state governments, 70 agencies, and more than 400 companies. This partnership showcased MATRADE’s prowess in aiding Malaysian exporters to uncover global opportunities, whilst fostering economic recovery in the endemic stage. In this period, 4,000 trade leads were curated with 100 Memorandums of Understanding valued at RM77 billion being signed. Companies from diverse sectors — including food and beverage, logistics, construction, automotive, green technology, Halal, and AI technology — formed key alliances with partners from Qatar, UAE, Saudi Arabia, New Zealand, UK, Germany, India, and beyond. Complementing the expo, MATRADE, in collaboration with SME Bank, organised two Export Acceleration Missions (EAMs) to help Micro, Small, and Medium Enterprises (MSMEs) scale their businesses utilising the expo’s global platform. 2022 TRADE PERFORMANCE Malaysia’s trade performance in 2022 demonstrated consistent growth, surpassing the RM2 trillion milestone for the second consecutive year and achieving its highest growth since 1994. Total trade volume grew by double digits (27.8%) to RM2.848 billion. The country’s exports surged by 25% to RM1.552 trillion, exceeding the projections outlined in the 12th Malaysia Plan (12MP) for 2025, three years ahead of target. Meanwhile, total import value surpassed the RM1 trillion mark for the first time, experiencing a growth of RM31.3% to RM1.297 trillion. The growth in exports was driven by the robust performance of various key sectors, Specifically, Electrical and Electronic (E&E) products, petroleum, LNG, palm oil and palm oil-based products, crude petroleum, as well as machinery, equipment, and spare parts contributed significantly to the double-digit increase of over RM10 billion. All these sectors saw their highest ever export values, with the exception of crude petroleum. Meanwhile, exports to major trading partners ASEAN, China, the United States, the European Union, and Japan, saw record highs. TRANSFORMING THE ORGANISATION Over the course of 2020 - 2022, MATRADE underwent a comprehensive transformation, introducing initiatives to enhance its brand, optimise resources, and boost revenue generation. The transformation included renovating levels 22 and 23 of Menara MATRADE with world-class design and facilities to reflect MATRADE’s new corporate identity. On 6 December, the revamped levels were officially unveiled by the Chairman and Board of Directors. Exports grew 25% to RM1.552 trilion It is implemented across four stages, with the completion expected by the second quarter of 2023. This project aims to involve 35,000 local companies, including MSMEs, within a five-year period, with export values ranging from RM60 million to RM70 million. Additionally, 11 main revenue-generating projects have been approved and are expected to generate an annual income of nearly RM30 million for MATRADE. * Note: Expo 2020 Dubai was postponed to October 2021 due to the COVID-19 pandemic.
RkJQdWJsaXNoZXIy NjUyODU0