Malaysia's 2022 total trade surges 27.8% to RM2.8T

KUALA LUMPUR: Malaysia’s total trade surged by 27.8 per cent to RM2.8 trillion in 2022 versus RM2.2 trillion in the year before, said the Department of Statistics Malaysia (DoSM).

Exports grew 25 per cent to RM1.6 trillion in 2022 as compared to RM1.2 trillion in 2021, while imports rose by 31.3 per cent to RM1.3 trillion as against RM987.3 billion a year before, it said in a statement in conjunction with the release of the Malaysia External Trade Statistics by State 2023 report.