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Malaysia's Trade Valued at RM273 Billion in March
🇲🇾 Malaysia /Economy & Trade

Malaysia's Trade Valued at RM273 Billion in March

From Utusan Malaysia · (3h ago) Malay Positive tone

Translated from Malay, summarized and contextualized by DistantNews.

TLDR

  • Malaysia's total trade surged by 9.3% to RM273 billion in March compared to the previous year.
  • Exports grew 8.3% to RM148.8 billion, while imports rose 10.4% to RM124.2 billion.
  • The trade surplus saw a slight decrease of 0.9% to RM24.6 billion.

Malaysia's economy continues to show robust performance, with total trade reaching an impressive RM273 billion in March, marking a significant 9.3% increase from the previous year. This growth is a testament to the nation's strong export-oriented economy and its ability to navigate global market dynamics.

The latest figures from the Department of Statistics Malaysia highlight a healthy expansion in both exports and imports. Exports climbed by 8.3% to RM148.8 billion, driven by strong performances in re-exports and domestic exports. Simultaneously, imports saw a substantial rise of 10.4% to RM124.2 billion, indicating increased domestic demand and robust economic activity.

While the overall trade figures are highly encouraging, the trade surplus experienced a marginal dip of 0.9% to RM24.6 billion. This slight reduction is not a cause for concern but rather reflects the balanced growth across trade components. The Malaysian government remains committed to fostering an environment conducive to sustained economic growth and international trade, ensuring the nation's continued prosperity.

Exports increased supported by growth in re-exports and domestic exports.

— Mohd Uzir MahidinChief Statistician of Malaysia, explaining the drivers of export growth.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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