KUALA LUMPUR, Feb 18 — MIDF Research has maintained its 2022 projection for both exports and imports to grow at 4.5 per cent and 5.1 per cent, respectively.
“The continued growth in exports and sustained trade surplus suggest external trade will be one of key factors to support Malaysia’s growth this year. MIDF Research said as a commodity-exporting country, Malaysia will also benefit from the rise in global demand for commodities such as palm oil and petroleum, and also underpinned by high commodity prices.
Miti said exports accelerated 23.5 per cent to RM110.73 billion in January 2022, the sixth successive month of double-digit expansion since August 2021, while imports increased 26.4 per cent to RM92.32 billion and trade surplus grew 10.9 per cent to RM18.4 billion.
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