Home / Medical & Health Care / MALAYSIA’S TOTAL TRADE UP 11.7% TO RM155.42B IN APRIL 2018

MALAYSIA’S TOTAL TRADE UP 11.7% TO RM155.42B IN APRIL 2018

KUALA LUMPUR, June 5 (NNN-BERNAMA) — Malaysia’s total trade in April 2018 rebounded by 11.7 per cent year-on-year (y-o-y) to RM155.42 billion from a decline of 3.5 per cent in March, said the Ministry of International Trade and Industry (MITI).

In a statement, MITI said exports for the month registered a robust growth of 14 per cent y-o-y to RM84.24 billion – the second highest monthly exports value after the previous months’ RM84.47 billion.

“The expansion was supported mainly by higher exports to Hong Kong, ASEAN, China, the European Union (EU), Taiwan, Bangladesh and South Korea.

“Imports expanded by 9.1 per cent y-o-y to RM71.17 billion, while the trade surplus stood at RM13.07 billion, the 246 th consecutive month of a trade surplus since November 1997,” it added.

The year-to date trade surplus surged by 68.7 per cent to RM46.44 billion compared with the corresponding period of 2017. — NNN-BERNAMA

Source: NAM News Network

Check Also

Malaysian, Chinese companies sign palm oil deals worth US$891 MLN

KUALA LUMPUR, Four Malaysian companies will be exporting 1.62 million tonnes of palm oil, worth US$891 million to China, under purchase intent agreements signed with three Chinese counterparts.Yantai Tianmao Edible Oil Co Ltd has agreed to buy 100,000 ...