KUALA LUMPUR, July 20 — Malaysia’s total trade recorded double-digit growth of 43.4 per cent year-on-year in June 2022 to reach a new high of RM270.4 billion, according to the Department of Statistics Malaysia.
Total trade for the second quarter of 2022 grew by 32.7 per cent y-o-y to RM730.4 billion with exports surging by 30.0 per cent to RM394.2 billion and imports expanding 36.1 per cent to RM336.1 billion. The rise in exports was mainly due to higher exports to Singapore amounting to RM9.0 billion, the United States , the European Union , Japan , Hong Kong , Indonesia , Bangladesh , India and South Korea .
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