Malaysia records 3.1% growth for trade in January, says Miti

Malaysia records 3.1% growth for trade in January, says Miti

Malaysia records its 57th consecutive month of trade surplus, driven by strong demand for electrical and electronic products, as well as palm oil and machinery exports.

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Exports to the US and Taiwan posted significant double-digit growth last month, fuelled by rising demand for semiconductor devices and integrated circuits in the electronic and electrical sector. (Pixabay pic)
KUALA LUMPUR:
Malaysia’s trade recorded its 13th successive month of year-on-year growth in January 2025, rising 3.1% to RM241.95 billion, compared to the same month last year, the investment, trade and industry ministry (Miti) said today.

In a statement, the ministry said exports grew for the fourth consecutive month, increasing by 0.3% to RM122.79 billion, while imports rose by 6.2% to RM119.16 billion.

This resulted in a trade surplus of RM3.63 billion, marking the 57th straight month of surplus since May 2020, it said.

“The export performance in January 2025 was driven by robust growth in key sectors, particularly manufacturing and agriculture.

“This year commenced with an impressive monthly performance in electrical and electronic (E&E) exports, which saw an increase of almost RM7 billion,” the ministry said.

Other products that recorded export growth included palm oil and palm oil-based agricultural products, as well as machinery, equipment and parts.

Miti also said exports to the US and Taiwan posted significant double-digit growth last month, fuelled by rising demand for semiconductor devices and integrated circuits in the electronic and electrical sector.

Building on Malaysia’s strong economic performance in 2024, Miti said it is committed, alongside, Matrade, to accelerating export growth by strengthening ties with key trade partners, tapping into new markets and providing Malaysian exporters with the support needed for their resilience and sustainable long-term success.

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