Malaysia’s total trade up 2.4% in first 9 months of 2013

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Malaysia-TradeMalaysia’s total trade for the January-September 2013 period increased 2.4  per cent to RM1 trillion ($317.5 billion) in the same period of 2012, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad according to a Bernama report.

She said the increase was achieved due to trade activities with China, which was the main contributor at RM1.88 billion, followed by Asean (RM1.85 billion), Taiwan (RM766 million), Germany (RM573.8 million) and the US (RM516 million).

“Among the main exports in September were electrical and electronics totalling RM21.76 billion or 34.4 per cent, refined petroleum RM5.34 billion (8.4 per cent), liquefied natural gas RM4.91 billion (7.8 per cent), chemical and chemical products RM4.05 billion (6.4 per cent) and palm oil RM3.96 billion (6.3 per cent).

 “China is Malaysia’s biggest importing country at 15.9 per cent followed by Singapore (11.7 per cent), Japan (9.2 per cent), US (8.9 per cent) and Thailand (6.3 per cent),” she said.

Through the Government Transformation Programme, the Ministry of International Trade and Industry would continue to support and assist Malaysian companies to maintain and explore more new opportunities in trade as well as investment.

She said in efforts to open up further export opportunities for local companies, Matrade had also increased the number of its programmes and trade promotional activities by 12.4 per cent this year via 136 programmes. This was planned based on international market intelligence through Matrade offices overseas, she said.

Among the programmes organised by Matrade include participation in international trade exhibitions, specialised marketing missions, trade missions and investment as well as incoming buying missions.

Noraini said focus was also given to emerging markets such as East Europe and Central Asia including Africa by organising a special programme — Project Africa, to increase the people’s awareness of the good quality of Malaysia’s products and services.

She added that Matrade also organises eight Malaysia Services Exhibition in Qatar, India, Kazakhstan, Tatarstan, China, Libya, Iraq and Indonesia.

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Reading Time: 2 minutes

Malaysia’s total trade for the January-September 2013 period increased 2.4  per cent to RM1 trillion ($317.5 billion) in the same period of 2012, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad according to a Bernama report.

Reading Time: 2 minutes

Malaysia-TradeMalaysia’s total trade for the January-September 2013 period increased 2.4  per cent to RM1 trillion ($317.5 billion) in the same period of 2012, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad according to a Bernama report.

She said the increase was achieved due to trade activities with China, which was the main contributor at RM1.88 billion, followed by Asean (RM1.85 billion), Taiwan (RM766 million), Germany (RM573.8 million) and the US (RM516 million).

“Among the main exports in September were electrical and electronics totalling RM21.76 billion or 34.4 per cent, refined petroleum RM5.34 billion (8.4 per cent), liquefied natural gas RM4.91 billion (7.8 per cent), chemical and chemical products RM4.05 billion (6.4 per cent) and palm oil RM3.96 billion (6.3 per cent).

 “China is Malaysia’s biggest importing country at 15.9 per cent followed by Singapore (11.7 per cent), Japan (9.2 per cent), US (8.9 per cent) and Thailand (6.3 per cent),” she said.

Through the Government Transformation Programme, the Ministry of International Trade and Industry would continue to support and assist Malaysian companies to maintain and explore more new opportunities in trade as well as investment.

She said in efforts to open up further export opportunities for local companies, Matrade had also increased the number of its programmes and trade promotional activities by 12.4 per cent this year via 136 programmes. This was planned based on international market intelligence through Matrade offices overseas, she said.

Among the programmes organised by Matrade include participation in international trade exhibitions, specialised marketing missions, trade missions and investment as well as incoming buying missions.

Noraini said focus was also given to emerging markets such as East Europe and Central Asia including Africa by organising a special programme — Project Africa, to increase the people’s awareness of the good quality of Malaysia’s products and services.

She added that Matrade also organises eight Malaysia Services Exhibition in Qatar, India, Kazakhstan, Tatarstan, China, Libya, Iraq and Indonesia.

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