Penang tops exports list for October


KUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil.

Malaysia’s total trade in October jumped 21% to RM245.2bil.

The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), Sarawak (RM3.7bil), Labuan (RM1.7bil), Sabah (RM1.4bil), Kedah (RM1bil), Negeri Sembilan (RM453.2mil), Perlis (RM43.5mil), Kuala Lumpur (RM41.8mil), Melaka (RM38mil) and Kelantan (RM17.7mil).

However, exports decreased in Selangor (RM1.8bil), Terengganu (RM581.2mil), Perak (RM404.6mil) and Pahang (RM330.6mil).

Malaysia’s total trade for October amounted to RM245.2bil, an increase of 21.1% y-o-y, with exports of RM131.6bil (15%) and imports worth RM113.5bil (29.2%).

Chief statistician Mohd Uzir Mahidin said imports also increased by RM25.6bil (29.2%) in October y-o-y.

“The increase in imports was due to the higher imports in most states such as Johor (RM14.1bil), Selangor (RM4.3bil), Melaka (RM1.9bil), Kedah (RM1.8bil), Penang (RM1.7bil), Sarawak (RM929.3mil), Negri Sembilan (RM353mil), Kuala Lumpur (RM164.6mil), Pahang (RM144.6mil), Sabah (RM107.8mil), Kelantan (RM39.8mil) and Perlis (RM26.3mil).

However, imports decreased in Terengganu (RM346mil), Labuan (RM52.5mil), and Perak (RM32.5mil). — Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Masteel first steel mill listed on FTSE4GOOD Bursa
Chinese industrial profit contracts in 2022 on Covid woes
China economic activity swings back to growth in January - official PMI
Bullish outlook on Sunway REIT continues in 2023
Ringgit slips ahead of US interest rate decision
Construction firm Vestland makes firm debut on ACE Market
Bursa tumbles on US market decline as Fed decision looms
Trading ideas: YTL Power, PGF capital, Ajiya, Sunway REIT, Chin Teck Plantations, Uzma and TRC Synergy
Adani short seller has opened a Pandora’s Box
China tourism market a step closer to robust recovery

Others Also Read