Trade showing remains on upward trajectory

MIDF Research said it maintained its projection that Malaysia’s overall goods exports would rebound, with a growth of 5.2% this year.

PETALING JAYA: Malaysia’s trade performance for the first quarter of 2024 continued its upward trajectory, recording a 7.1% year-on-year (y-o-y) growth to RM690.6bil, with a RM34.2bil surplus, says the Investment, Trade and Industry Ministry (Miti).

In a statement on the country’s external trade statistics, Miti said first-quarter 2024 exports rose 2.2% y-o-y to RM362.4bil on higher shipments of manufactured and mining goods.