Malaysia announces highest trade ever recorded in February
Expansion in trade were seen with all major trading partners, namely ASEAN, China, India, Japan, Taiwan, the European Union (EU) and the United States of America (USA).
Exports remained at a higher level, increasing by 26.5%, amounting to RM71.77 billion. This was the fourth consecutive month exports exceeded RM70 billion since November 2016, higher than the monthly average of RM64 billion recorded in the first ten months of 2016.
Imports in February 2017 grew by 27.7% to RM63.06 billion while trade surplus stood at RM8.71 billion, making it the 232nd consecutive month of trade surplus since November 1997.
Total trade for the first two months of 2017 surged by 20.6% to RM270.63 billion compared with RM224.4 billion in the corresponding period of 2016.
Exports were higher by 19.8% to RM142.04 billion while imports increased by 21.5% to RM128.59 billion, resulting in trade surplus of RM13.45 billion.
On a month-on-month basis, exports rose by 2.1%, while imports and total trade posted a decline of 3.8% and 0.7%, respectively.
In February 2017, double digit exports growth was registered for all major sectors, namely manufactured, mining, and agriculture goods. ■
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