In November 2022, trade with Asean contributes 26.6% to Malaysia’s total trade, a rise of 11.6% y-o-y to RM63.46 billion. – The Malaysian Insight file pic, December 19, 2022.新2查账（www.hg8080.vip）提供新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,皇冠新2网址,新2管理网址,新2网址大全,hg0088.com,hga038.com,同时开放新2信用平台查账功能.
MALAYSIA’s trade continued its stellar performance and maintained an upward trajectory in November 2022 with trade expanding by 15.6% to RM238.17 billion compared to November 2021 – the 22nd consecutive month of year-on-year (y-o-y) double-digit expansion.
The Ministry of International Trade and Industry (Miti) said in a statement today that exports rose by 15.6% to RM130.24 billion, while imports and trade surplus increased by 15.6% each to RM107.93 billion and RM22.3 billion respectively.
“The export expansion was underpinned by strong exports of electrical and electronic (E&E) products, liquefied natural gas (LNG), petroleum products as well as crude petroleum,” it said in a statement today.
Exports to major trading partners notably Asean, the United States (US), the European Union (EU) and Japan recorded double-digit growth.
Compared to October 2022, trade surplus rose by 23.5% while trade, exports and imports contracted by 2.8%, one per cent and 4.9%, respectively.
For the period of January to November 2022, trade expanded by 29.9% to RM2.613 trillion compared to the same period last year.
Exports increased by 27.2% to RM1.42 trillion.
Imports rose by 33.3% to RM1.193 trillion and trade surplus edged up by 2.6 per cent to RM227.89 billion.,
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“Trade, exports, imports and trade surplus registered the highest value for the period,” it said.
In November 2022, exports of manufactured goods which accounted for 84.6% of total exports grew by 15% y-o-y to RM110.23 billion and was the 16th straight month of double-digit expansion.
The growth was underpinned by E&E products and petroleum products, which respectively posted more than RM1 billion increase in exports.
Exports of mining goods (eight per cent share) soared by 62.6% y-o-y to RM10.43 billion, the 20th successive month of double-digit growth led by higher exports of LNG and crude petroleum.
Exports of agriculture goods (6.8% share) declined by 11.1% to RM8.87 billion compared to November 2021 due to lower exports of palm oil and palm oil-based agriculture products.
For the period of January to November 2022, almost all products recorded export growth.
Exports of manufactured goods grew by 24.3% to RM1.197 trillion compared to the same period last year.
This was attributed to higher exports of E&E products, petroleum products, machinery, equipment and parts, chemicals and chemical products as well as palm oil based manufactured products.
In November 2022, trade with Asean contributed 26.6% to Malaysia’s total trade, rising by 11.6% y-o-y to RM63.46 billion.,
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