Malaysia’s Trade Jumps 21% To RM245.2 Billion, Penang Dominates Exports

In the latest monthly trade report by the Department of Statistics, Malaysia’s exports rose 15 percent year on year to RM131.6 billion in October 2022, with Penang posting the highest exports at RM7.1 billion.

Total trade in October jumped 21 percent to RM245.2 billion.

According to the export-import statistics by state, higher exports were also recorded in most states such as Johor (RM4.8 billion), Sarawak (RM3.7 billion), Labuan (RM1.7 billion), Sabah (RM1.4 billion), Kedah (RM1.0 billion), Negeri Sembilan (RM453.2 million), Perlis (RM43.5 million), Kuala Lumpur (RM41.8 million), Melaka (RM38.0 million) and Kelantan (RM17.7 million However, exports decreased in Selangor (RM1.8 billion), Terengganu (RM581.2 million), Perak (RM404.6 million), and Pahang (RM330.6 million).

Chief statistician Mohd Uzir Mahidin said imports also increased by RM25.6 billion (29.2 percent). The increase in imports was due to the higher imports in most states such as Johor (RM14.1 billion), Selangor (RM4.3 billion), Melaka (RM1.9 billion), Kedah (RM1.8 billion), Pulau Pinang (RM1.7 billion), Sarawak (RM929.3 million), Negeri Sembilan (RM353.0 million), Kuala Lumpur (RM164.6 million), Pahang (RM144.6 million), Sabah (RM107.8 million), Kelantan (RM39.8 million) and Perlis (RM26.3 million).

However, imports decreased in Terengganu (RM346.0 million), Labuan (RM52.5 million), and Perak (RM32.5 million).

He added among the top five major exporting states, Penang remained the top exporter with a share of 29.6 percent, followed by Johor (21.9 percent), Selangor (17.1 percent), Sarawak (9.0 percent) and W.P. Kuala Lumpur (4.3 percent). 

For imports, Johor was the largest contributor with a share of 28.0 percent, followed by Selangor (24.0 percent), Penang (20.8 percent), Kedah (6.5 percent), and Kuala Lumpur (5.7 percent).

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