PETALING JAYA: Malaysia’s export performance in June indicated a recovery from the Covid-19 pandemic, turning in an 8.8% increase in value to RM82.9 b...
Malaysia’s export performance in June indicated a recovery from the Covid-19 pandemic, turning in an 8.8% increase in value to RM82.9 billion, from a 25.5% decline in May 2020, Chief Statistician Malaysia Datuk Seri Mohd Uzir Mahidin.
The Statistics Department highlighted that the export expansion was attributed to higher exports to China , the United States and Hong Kong . However, exports to India declined by RM1.4 billion.The main contributors to the export expansion were electrical and electronic products , rubber products , palm oil and palm oil-based agriculture products , optical and scientific equipment and machinery, equipment and parts .
In the first half of the year, total trade was recorded at RM833.36 billion, a 7% decline from the same half of the previous year. Exports during the period totalled RM448.99 billion, a decline of 6.8% and imports was valued at RM384.38 billion, decreasing by 7.2%. A trade surplus of RM64.61 billion was recorded for the period, slipping by 4.1%.
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