RM174bil trade transacted in the 3rd quarter

MALAYSIA transacted trade worth RM174bil in the third quarter of 2002, an increase of 5.7% over the RM164.7bil recorded in the second quarter, the Ministry of International Trade and Industry (Miti) said. 

Exports rose by 7.3% to RM93.7bil from RM87.3bil before, Miti said in its report on industry, investment, trade and productivity performance for the third quarter. 

The ministry attributed the increase in exports mainly to improved demand for electrical and electronics (E&E) products, chemicals and chemical products, wood and wood products, textiles and clothing, processed food, optical and scientific equipment and petroleum products. 

Imports increased by 3.8% to RM80.3bil from RM77.4bil.  

This resulted in a higher trade surplus of RM13.4bil, compared with RM9.9bil recorded in the second quarter of 2002. 

Asean, the US, Japan and the European Union continued to be Malaysia’s major trading partners, accounting for 69.3% of total trade in the quarter. – Bernama  

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