KUALA LUMPUR: Malaysia's overall trade for 2019 came in lower than its RM2 trillion target following a 2.5% contraction to RM1.84 trillion.
This was on the back of a softer global demand amid trade tensions and unfavourable external economic conditions. In terms of trade surplus however, the figure rose 11% to RM137.39bil, the largest figure recorded since 2009.
Deputy International Trade and Industry (Miti) Minister Dr Ong Kian Ming said there were many headwinds in 2019, not only for Malaysia but also to other open economies.
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