Tue, 04 Oct 2022

Malaysia's exports surge 48.2 pct in August

Xinhua
20 Sep 2022, 18:44 GMT+10

KUALA LUMPUR, Sept. 20 (Xinhua) -- Malaysia's exports surged 48.2 percent year on year to 141.33 billion ringgit (31.03 billion U.S. dollars) in August, official data showed Tuesday.

The export expansion was attributed to higher shipments of electrical and electronic (E&E) products, petroleum products, palm oil and palm oil-based agriculture products, liquefied natural gas (LNG) as well as optical and scientific equipment, the Ministry of International Trade and Industry (MITI) said in a statement.

According to the statement, exports of petroleum products, LNG as well as optical and scientific equipment registered the highest monthly value.

Meanwhile, Malaysia's exports to major trading partners notably China, the United States, the European Union (EU) and Japan recorded double-digit growth.

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