Malaysia’s exports up by 4% in November

[superadmin]

PETALING JAYA: Despite the Covid-19 doom and gloom, there was good news for Malaysia as exports rose by 4.3% in November compared to the same month last year, registering a total value of RM84.4 billion, said chief statistician Mohd Uzir Mahidin.

It was third straight month for higher exports compared to the corresponding month last year. In September, exports rose to RM88.9 billion, a 13.6% increase compared to last year. In October, it stood at RM91.1bil, a 0.2% increase from last year and a 2.4% increase from the earlier month.

Uzir said the external trade statistics in November 2020, shows the growth in exports was driven by re-exports, widening by 18.1% or RM15.4 billion of total exports.

Meanwhile, domestic exports, valued at RM69.1 billion, grew by 1.7% as compared to November 2019, he added.


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