: Malaysia’s total trade surpassed the RM2 trillion mark for the first time in history, expanding 24.6 per cent year-on-year to RM2.01 trillion from January to November 2021.
“Exports of manufactured goods grew 25.3 per cent y-o-y to RM961.89 billion, aided by growing exports of electrical and electronic products, petroleum products, manufactures of metal, rubber products as well as chemicals and chemical products,” it said. Meanwhile, it noted that trade breached the RM200 billion mark for the second time in a row in November 2021, marking the 10th consecutive month of double-digit growth since February 2021.
“Petroleum products exports surged 111.6 per cent y-o-y to RM9.65 billion and accounted for 8.6 per cent of total exports, while export of palm oil and palm oil-based agriculture products surged 97.4 per cent y-o-y to RM7.91 billion and accounted for 7.1 per cent of total exports,” it said. Asean accounted for 27.6 per cent of Malaysia’s total trade, with trade and exports at an all-time high in November 2021, expanding by 45.5 per cent y-o-y to RM56.63 billion.Meanwhile, trade with China accounted for 18.5 per cent of Malaysia’s total trade, climbing 26.1 per cent y-o-y to RM37.92 billion, with exports growing by 20.5 per cent and imports increasing by 31.2 per cent.
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