National exports rise to RM131bil, says statistics dept

National exports rise to RM131bil, says statistics dept

Chief statistician Uzir Mahidin says this is a 12.3% rise compared with the same month last year.

Malaysia has recorded RM255.9 billion in total trade for July 2024, with exports and imports at RM131.1 billion and RM124.7 billion, respectively. (Freepik pic)
PETALING JAYA:
National exports rose by RM14.4 billion, or 12.3%, to RM131 billion in July 2024 compared with the same month the previous year, says chief statistician Uzir Mahidin.

“The increase in exports was due to higher contributions from other states, including Perak (RM1.2 billion), Terengganu (RM1 billion), Kedah (RM457.7 million), Negeri Sembilan (RM105.2 million), Melaka (RM63.9 million) and Pahang (RM59 million),” he said in the statstics department’s July 2024 Export Import Statistics by State report.

He said Johor recorded the largest increase in exports nationwide in July with RM5.2 billion, followed by Selangor (RM2.3 billion), Penang (RM1.9 billion), Sarawak (RM1.8 billion) and Kuala Lumpur (RM1.3 billion).

Conversely, exports fell in Labuan by RM1.1 billion, Sabah (-RM150.4 million), Perlis (-RM34.8 million), and Kelantan (-RM26.3 million).

On imports, Uzir reported an increase of RM25.3 billion, or 25.4%, in July 2024 compared to July 2023.

This rise was driven by higher imports in most states: Penang (+RM8.4 billion), Johor (+RM5.6 billion), Selangor (+RM5.4 billion), Kedah (+RM2.3 billion) and Kuala Lumpur (+RM1.5 billion).

“Significant increases in imports were also recorded by Melaka (+RM440.6 million), Perak (+RM380.8 million), Sarawak (+RM138.6 million), Kelantan (+RM81.2 million), Negeri Sembilan (+RM64.8 million), Perlis (+RM60.9 million), Terengganu (+RM55.6 million) and Pahang (+RM26.7 million).

“However, imports decreased in Sabah by RM43.7 million and Labuan by RM36.8 million,” he added.

Malaysia’s total trade for July 2024 amounted to RM255.9 billion, with exports and imports reaching RM131.1 billion and RM124.7 billion, respectively.

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