Malaysia records 26% jump in Jan-May trade

The ministry said the country’s trade performance maintained its upward trend in May 2021 with trade expanding by 48.75 to RM170.88bil compared to May 2020.

PETALING JAYA: Malaysia’s total trade grew by 26% year-on-year (y-o-y) to RM867.4bil in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said.

Trade surplus surged by 112.2% to RM92.79bil, as exports rose by 31.1% to RM480.09bil and imports increased by 20.1% to RM387.31bil.