Malaysia records higher exports, trade surplus in January

KUALA LUMPUR: Malaysia's trade exports continued to expand, rising 23.5% year-on-year (y-o-y) to RM110.73bil in January 2022 on the back of double-digit growth in shipments to major trading partners Asean, China, the US and the EU.

In a statement, the International Trade and Industry Ministry (Miti) said exports recorded double-digit expansion for a sixth consecutive month since August 2021, underpinned by electrical and electronic products and palm oil and palm oil-based agriculture products.