33 Trade Performance Report MATRADE Annual Report 2022 TOTAL TRADE RM216.49 billion 27.7% EXPORTS RM126.31 billion 21.8% MAIN EXPORTS IMPORTS RM90.18 billion 17.7% E & E PRODUCTS OIL PALM (AGRICULTURE) OIL PALM (MANUFACTURED) MAIN TRADING PARTNERS The European Union (EU) continued to be a major trading partner, contributing 7.6% to total trade. Trade with the EU recorded double-digit growth, increasing 9.9% to RM216.24 billion. Germany was the largest trading partner within the EU, representing 27.7% of Malaysia’s total trade with the region, followed by the Netherlands (22.2%) and Italy (8.5%). Exports to the region grew 21.5% to RM126.07 billion, driven by an increase in the export of E&E products, followed by petroleum products and manufactures of metal. The main export items to this region were E&E products (41.3%), palm oil and palm oil-based agriculture products (9.3%), and palm oil-based manufactured goods (7.6%). Imports from the European Union (EU) increased 17.7% to RM90.18 billion. The main imported goods were E&E products, chemicals & chemical products, and machinery, equipment and parts. The Netherlands was the largest export destination in the EU market at 33.3%, or RM41.95 billion, increasing by 34.6%, driven by the increased export of E&E products, palm oil-based manufactured goods, and manufactures of metal. The primary export items to the Netherlands are E&E products with a 38.3% share, palm oil and palm oilbased agriculture products (18.8%), and palm oil-based manufactured goods (13.5%). Imports from the Netherlands increased 23.2% to RM5.96 billion. The main imported goods were Germany Netherlands France 8.5% 27.7%* 22.2% petroleum products, chemicals & chemical products, and processed food. * share of total regional market EUROPEAN UNION (EU)
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