According to official figures released Wednesday, Malaysia’s exports grew by 4.1 percent year over year to 126.57 billion ringgit (28.31 billion US dollars) in November, marking the second consecutive month of growth.
The Investment, Trade, and Industry Ministry said in a statement that strong growth in several important sectors, including manufactured and agricultural goods—particularly electrical and electronic products—palm oil and palm oil-based agricultural products, as well as machinery, equipment, and parts—supported the increase in exports.
In November, Malaysia’s commerce reached 237.85 billion ringgit, up 2.9 percent year over year. Its imports totaled 111.28 billion ringgit, up 1.6%.
At 15.29 billion ringgit, its trade surplus increased by 26.3 percent, reaching its biggest level in 14 months since October 2023.
Malaysia’s commerce increased by 8.7% year over year to 2.62 trillion ringgit between January and November.
There was a 117.94 billion ringgit trade surplus as a result of a 4.7 percent increase in exports to 1.37 trillion ringgit and a 13.3 percent increase in imports to 1.25 trillion ringgit. One ringgit is equivalent to 0.22 USD.
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