Miti: Malaysia’s trade in February 2024 grows 3.3pc to RM211.79b y-o-y

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KUALA LUMPUR, March 18 — Malaysia’s trade performance continued its positive trend in February 2024, growing by 3.3 per cent to RM211.79 billion year-on-year (y-o-y), said the...

Court of Appeal tells AGC to decide by September on representation of Zahid's acquittal in foreign visa bribery caseMalaysia’s trade performance continued its positive trend in February 2024, growing by 3.3 per cent to RM211.79 billion year-on-year , said the Ministry of Investment, Trade and Industry . — Reuters picKUALA LUMPUR, March 18 — Malaysia’s trade performance continued its positive trend in February 2024, growing by 3.3 per cent to RM211.

The ministry said exports rose by 3.9 per cent to RM233.74 billion contributed by 3.4 per cent increase in manufactured goods to RM196.75 billion y-o-y, as driven by higher exports of iron and steel products, machinery, equipment and parts as well as petroleum products. “The sustained trade growth in the first two months of 2024 paves the way for Malaysia’s trade recovery,” it said.Meanwhile, the ministry said the World Trade Organisation has forecast a 3.3 per cent growth in merchandise trade in 2024, while the International Monetary Fund has forecast global trade to grow by 3.3 per cent.

 

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