Electronics drive Malaysia’s exports to high of RM96bil

[superadmin]

PETALING JAYA: Malaysia’s total exports hit a high of RM95.7 billion last month, driven by the electrical and electronics (E&E) sector, the Statistics Department revealed today.

Chief statistician Mohd Uzir Mahidin said this was an increase of 10.8% over the same month in 2019.

He said imports grew by 1.6% to RM75 billion in December, after nine months of decline, with total trade amounting to RM1.8 trillion in 2020.

“In tandem with softer global demand and unfavourable external economic conditions due to Covid-19, Malaysia’s total exports in 2020 contracted by 1.4% to RM981 billion from the preceding year while imports declined by 6.3% or RM53.2 billion to RM796.2 billion.


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