Malaysia's trade hits record RM364.7bil in July as exports soar 38pct, surplus stretches 75 months
KUALA LUMPUR: Malaysia’s trade hit a record monthly high in July, rising 37.3 per cent year-on-year (YoY) to RM364.74 billion, driven by strong growth in both exports and imports.
Malaysia's trade hit a record monthly high in July, rising 37.3% year-on-year to RM364.74 billion, with exports surging 38% YoY to a record RM193.60 billion and imports growing 36.4% to RM171.14 billion. This resulted in a trade surplus of RM22.46 billion, extending Malaysia's surplus streak to 75 consecutive months since May 2020.
The surge in exports was broad-based across various sectors, with electrical and electronic products driving the growth, while the country's key markets showed strong growth, with exports to Asean, China, the US, Taiwan, and the European Union posting double-digit increases.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Energy inflation drops to 4.37% in July, lowest in four months nairametrics.com
