KUALA LUMPUR: Malaysia's total international trade in services rose by 1.8% to RM291.1 billion last year, the statistics department said.
In a statement on Friday, the department said this represented 25.2% of the gross domestic product at current prices compared with 25.8% in 2014.
It said exports of services in 2015 stood at RM135.1 billion, down 1.9% from 2014.
Imports of services, however, rose by 5.2% to RM156 billion, it said.
"This led to services trade deficit of RM21 billion from RM10.7 billion in 2014," it said.
The department said the major services components that contributed to exports and imports in 2015 were transport, travel, telecommunications, computer and information as well as other business services.
On the export side, contributions from the four components accounted for 86.1% while for imports, the share amounted to 79.3%.
It said the major regional markets for Malaysia's services exports were Asean (46.1%); Asia, excluding Asean (32.6%); Europe (14.9%); and the United States (11.5%).
Malaysia's main sources of services imports were Asean (36.3%); Asia, excluding Asean (32.6%); Europe (14.9%); and the United States (11.5%). - Bernama
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