Wednesday, 28 Apr 2021 01:30 PM MYT
“Exports accelerated by 31 per cent, surpassing the RM100 billion mark to reach RM104.95 billion. Imports increased by 19.2 per cent to RM80.79 billion and trade surplus surged by 96.1 per cent to RM24.15 billion. Exports increased by 18.2 per cent year-on-year to RM282.14 billion and imports rose by 10.8 per cent to RM223.51 billion. Trade surplus expanded by 58.6 per cent y-o-y to RM58.63 billion in Q1 2021.
Compared with February 2021, total trade, exports, imports and trade surplus grew by 18.1 per cent, 19.8 per cent, 15.9 per cent and 35.1 per cent, respectively. “The expansion was due mainly to higher shipments of E&E products, rubber products, manufactures of metal, chemicals and chemical products as well as machinery, equipment and parts.Exports of agriculture goods surged by 43.8 per cent to RM7.48 billion compared with March 2020, buoyed mainly by higher exports of palm oil and palm oil-based agriculture products.
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