Malaysia’s trade surplus hits record high in 2022, growth expected at ‘softer pace’ this year

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Malaysia’s trade surplus hits record high in 2022, growth expected at ‘softer pace’ this year
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KUALA LUMPUR: Malaysia’s trade surplus hit a record high of RM255.1 billion (US$59.09 billion) last year, International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz said on Wednesday (Jan 18). This is the 25th consecutive year the country has recorded a trade surplus since 1998. A trade su

KUALA LUMPUR: Malaysia’s trade surplus hit a record high of RM255.1 billion last year, International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz said on Wednesday .

According to Tengku Zafrul, Malaysia’ trade performance registered its fastest growth last year since 1994, surpassing the RM2 trillion mark for the second consecutive year. “This is a positive reflection that the nation’s trade performance is on an upward trajectory, boosted by higher external demand and strong commodity prices.” Tengku Zafrul said in a statement.

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