KUALA LUMPUR: Malaysia's Trade Openness Index (TOI) increased to 149.0 in 2024, compared to 144.6 in 2023, according to the Department of Statistics Malaysia (DoSM).
In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the TOI measures the dependence of international trade in goods towards the economy and serves as an indicator of the importance of trade at both national and state levels.
He said that based on the latest available data for 2023, four states recorded a higher TOI than the national level.
"Penang registered the highest TOI at 542.6, followed by Johor (326.8), Labuan Federal Territory (229.3) and Kedah (220.1),” he said.
He added that DoSM is currently compiling the 2024 TOI by state and will be published soon.- Bernama
