Malaysia posts double-digit trade growth in July

KUALA LUMPUR: Malaysia's total trade continued to trend higher, expanding 39.8% year-on-year (y-o-y) in July 2022 with double-digit increases in both exports and imports.

According to a statement by the Ministry of International Trade and Industry (Miti), the country's exports increased 38% to RM134.07bil while imports expanded 41.9% to RM118.58bil for a total trade value of RM252.65bil.