Penang remains top exporter in December 2024 with 38% contribution


Chief statistician Datuk Seri Mohd Uzir Mahidin.

KUALA LUMPUR: Penang remained Malaysia’s top exporter in December 2024, accounting for 38% of the country’s total exports, according to the latest Statistics Department data.

In a statement, the Statistics Department said the other top exporters were Johor (18.1%), Selangor (16.2%), Sarawak (7.4%) and the Federal Territory of Kuala Lumpur (3.7%).

Chief statistician Datuk Seri Mohd Uzir Mahidin said the country’s exports were valued at RM138.5bil in December 2024, an increase of RM20.1bil (16.9%) compared to the same month of the previous year.

“The increase in exports was attributed to the higher exports in most states such as Penang (RM15.4bil), Johor (RM4.7bil), Selangor (RM1.9bil), Sabah (RM1.3bil), Perak (RM1.1bil), Melaka (RM416.7mil), Kelantan (RM18.5mil) and Perlis (RM7.1mil),” he said.

However, Mohd Uzir said exports decreased in several states, including Kedah (RM1.6bil), the Federal Territory of Kuala Lumpur (RM1.5bil), Sarawak (RM819.5mil), Negri Sembilan (RM415.5mil), Pahang (RM342.1mil), the Federal Territory of Labuan (RM30mil), and Terengganu (RM15.1mil).

The chief statistician said that the total value of imports in December 2024 grew by RM12.7bil, reflecting an 11.9% increase compared to the same month in 2023.

“The increase in imports was driven by higher imports in states such as Selangor (RM5.9bil), Penang (RM3.9bil), Johor (RM1.3bil), Kedah (RM1.1bil), Perak (RM704.5mil), the Federal Territory of Kuala Lumpur (RM590.1mil), Sarawak (RM558.8mil), the Federal Territory of Labuan (RM237.3mil), Sabah (RM69.5mil), Melaka (RM54.9mil) and Perlis (RM32.3mil).

“However, imports decreased in Negri Sembilan by RM1.3bil, Pahang (RM393.4mil), Terengganu (RM139.7mil) and Kelantan (RM115.9mil),” he said.

The Statistics Department added that Selangor leads imports with a 28.4% share, followed by Penang (22.9%), Johor (20.6%), the Federal Territory of Kuala Lumpur (7.5%) and Kedah (5.9%). — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read