31 Trade Performance Report MATRADE Annual Report 2022 TOTAL TRADE RM487.14 billion 15.6% EXPORT RM210.62 billion 13.6% KEY EXPORTS IMPORTS RM229.02 billion 33% China remained Malaysia’s largest trading partner for the 14th consecutive year, accounting for 17.1% of total trade. Trade with China increased 15.4% to RM486.38 billion from 2021. China was also the second-largest export market for Malaysia with 13.6% of total exports. Exports to China grew 9.4% to RM210.55 billion, the highest recorded value to date. This growth was driven by exports of E&E goods, liquefied natural gas (LNG), and palm oil and palm oilbased agriculture products. The main export items to China were E&E products at 38.5%, followed by chemicals & chemical products (9.1%), and LNG (8.6%). China continued to be Malaysia’s main source of imports at 21.3%, increasing 20.4% to RM275.83 billion. The primary imported goods were E&E products, machinery, equipment and parts, chemicals & chemical products. E & E PRODUCTS CHEMICALS & CHEMICAL PRODUCTS LNG CHINA
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