Trade Performance : March 2021 and January - March 2021
MEDIA STATEMENT
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR MARCH 2021 AND THE PERIOD OF JANUARY- MARCH 2021
Trade, Exports and Imports Hit New Record High
Malaysia’s trade performance continued its upward trajectory in March 2021, registering the highest monthly value for trade, exports and imports. Total trade expanded by 25.6% to RM185.74 billion compared to March 2020. Exports accelerated by 31%, surpassing RM100 billion mark to reach RM104.95 billion. Imports increased by 19.2% to RM80.79 billion and trade surplus surged by 96.1% to RM24.15 billion. Trade, exports, imports and trade surplus recorded double-digit growth for two consecutive months.
Exports was boosted by higher global demand notably for electrical and electronic (E&E) products mainly semiconductors used in 5G technology and high performance computing as well as rubber products. Exports to major markets namely ASEAN, China, the United States (US) and the European Union (EU) registered a new all-time high.
Compared to February 2021, total trade, exports, imports and trade surplus grew by 18.1%, 19.8%, 15.9% and 35.1%, respectively.
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Trade Performance : March 2021 and January - March 2021
Trade Performance : March 2021 and January - March 2021 (Infographic)
