Malaysia's total trade value contracts to RM213.01bil in August

KUALA LUMPUR: The total value of Malaysia's trade continued to decline in August, in line with the performance of key trading partners such as China, South Korea, Taiwan and Indonesia, which recorded negative trade growth and drops in their global imports during the month.

In a statement, the Ministry of Investment, Trade and Industry (Miti) said exports during the month declined 18.6% year-on-year (y-o-y) to RM115.16bil while imports were down 21.2% to RM97.85bil.