Trade Performance : June 2020 and January - June 2020
Trade and Exports Rebounded in June 2020
Malaysia’s exports rebounded in June 2020, growing by 8.8% to RM82.87 billion compared to June 2019 while total trade expanded by 2.2% to RM144.84 billion. Increases in trade were recorded primarily with China, the United States (US), Hong Kong SAR and Viet Nam.
Imports decreased by 5.6% to RM61.98 billion, resulting in a trade surplus of RM20.89 billion in June 2020, a growth of 98.7% year-on-year (y-o-y) and the highest monthly trade surplus ever recorded.
On a month-on-month (m-o-m) basis, total trade, exports and imports recorded double digit growth of 26%, 32.3% and 18.6%, respectively, while trade surplus surged by 101.1%. This better performance is in line with the gradual lifting of restrictions due to COVID-19 pandemic in Malaysia and globally.
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