Miti to review products behind large trade deficit with China
Minister Johari Ghani says reliance on cheaper imports has forced some local factories to close, although prices could eventually rise amid greater dependence on foreign suppliers.
Malaysia disclosed a RM146 billion trade deficit with China in 2025, despite achieving a RM100 billion surplus with the US. Finance Minister Johari Ghani announced the government's assessment of the products causing this trade imbalance, with a focus on imports replacing domestic production. In the electrical and electronics sector, local manufacturers are encouraged to produce more raw materials and semi-finished goods to lessen imports and bolster Malaysia's trade surplus.
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Also reported by 1 other outlet
- Miti to review products behind large trade deficit with China freemalaysiatoday.com
