Trade Performance : December 2021 and January - December 2021
Year 2021 witnessed a robust world trade performance which rebounded from the impact of COVID-19 pandemic albeit disruptions in global supply chain and other uncertainties. Despite the challenges faced, Malaysian business community remained resilient following strong global demand which led to resurgence in trade activities.
Malaysia’s external trade in 2021 improved, registering historic performance with trade, exports, imports and trade surplus reaching an all-time high. Trade posted another milestone, surpassing RM2 trillion for the first time and recorded the fastest growth since 1994. Exports valued at RM1.24 trillion, achieving 99% of the Twelfth Malaysia Plan 2021-2025 (Twelfth Plan) export projection for 2025, four years ahead of the target. Trade surplus was posted for 24 consecutive years since 1998. These remarkable achievements were driven by robust external demand and higher commodity prices.
Exports to major trading partners namely ASEAN, China, the United States (US) and the European Union (EU) recorded new high with strong double-digit expansion. Meanwhile, exports to Japan recovered with a double-digit growth after declining for three consecutive years. Significant export expansion was also registered to emerging markets such as Costa Rica, Kenya, Egypt, Nigeria, Ghana and Iraq. Exports to Free Trade Agreement (FTA) partners showed an upward trajectory with a new high value after two consecutive years of contraction.
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Trade Performance : December 2021 and January - December 2021
Trade Performance : December 2021 and January - December 2021 (Infographic)
