Trade Performance : June 2024 and January - June 2024
THE HIGHEST EVER FIRST HALF TRADE VALUE #
Highest Trade Value in the First Half of 2024 Driven by Strong Trade, Exports and Imports in June
Malaysia’s trade maintained its upward trajectory, growing consistently since January 2024 and recording an 8.7% year-on-year (y-o-y) expansion in June 2024 to RM237.81 billion. Exports registered the third consecutive month of growth, increased by 1.7% to RM126.05 billion while imports rose 17.8% to RM111.76 billion. Trade surplus amounted to RM14.29 billion, the 50th consecutive month of surplus registered since May 2020.
Export growth was contributed mainly by higher demand for machinery, equipment and parts, liquefied natural gas (LNG) as well as palm oil based manufactured products. In term of markets, export expansion was posted to major trading partners notably ASEAN, the United States (US) and Taiwan. Exports to the US and Taiwan grew significantly with double-digit expansion.
For the first half (1H) of 2024, trade increased by 8.4% to RM1.396 trillion compared to the corresponding period in 2023. Exports rose 3.9% to RM731.11 billion and imports by 13.8% to RM664.99 billion. Trade surplus of RM66.12 billion was posted for the period. Trade recorded the highest periodic values thus far.
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Trade Performance : June 2024 and January - June 2024
Trade Performance : June 2024 and January - June 2024 (Infographic)
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Prestasi Perdagangan : Jun 2024 dan Januari - Jun 2024
Prestasi Perdagangan : Jun 2024 dan Januari - Jun 2024 (Infografik)
