Global trade outlook still faces headwinds

Last year, Malaysia’s trade expanded 24.8% after contracting 3.3% in 2020. So far, our trade performance has been remarkable, where exports grew by 23.9% in January 2022 and 18.3% in February 2022.

THE year 2021 was an exceptional year for the global trade market after overcoming the Covid-19 pandemic.

During the year, on average, trade grew to US$28.5 trillion (RM125.13 trillion), based on the United Nation’s estimate.