Xinhua
28 Sep 2021, 17:55 GMT+10
KUALA LUMPUR, Sept. 28 (Xinhua) -- Malaysia's exports rose 18.4 percent to 95.59 billion ringgit (22.85 billion U.S. dollars) in August from a year earlier, as exports to all major markets namely ASEAN, China, the U.S., the European Union (EU), and Japan recorded positive growth, official data showed Tuesday.
The export growth was contributed mainly by robust external demand for petroleum products, electrical and electronic products mainly due to higher shipments of semiconductors as well as chemicals and chemical products, the Malaysian Ministry of International Trade and Industry said in a statement.
Meanwhile, total trade increased by 15.7 percent to 169.79 billion ringgit in August. Imports expanded by 12.5 percent to 74.2 billion ringgit while trade surplus was up by 44.7 percent to 21.39 billion ringgit.
For the first eight months of 2021, Malaysia's trade expanded by 22.9 percent to 1.41 trillion from the same period last year.
Exports for the period grew by 24.9 percent to 778.49 billion ringgit; imports rose by 20.4 percent to 628.29 billion ringgit; trade surplus surged by 48.2 percent to 150.2 billion ringgit.
In August, Malaysia's trade with China recorded a growth of 14.3 percent year-on-year (y-o-y) to 32.17 billion ringgit, the ninth consecutive month of double-digit expansion, which represented 18.9 percent of Malaysia's total trade.
Malaysia's exports to China improved by 5.7 percent to 15.19 billion ringgit following higher exports of liquefied natural gas as well as chemicals and chemical products.
Meanwhile, Malaysia's imports from China for the month rose by 23.4 percent to 16.99 billion ringgit.
For the first eight months, Malaysia's trade with China grew 27.8 percent y-o-y to 265.65 billion ringgit.
Malaysia's exports to China for the period edged up by 19 percent y-o-y to 118.48 billion ringgit on the back of higher exports of E&E products, LNG, manufacturing metal parts, as well as chemicals and chemical products.
Malaysia's imports from China for the period also rose by 35.8 percent y-o-y to 147.16 billion ringgit. (1 U.S. dollar = 4.19 Malaysian ringgit)
Get a daily dose of Europe Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Europe Sun.
More InformationWASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...
PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...
PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...
LANSING, Michigan: Michigan's Department of Natural Resources said by a wildfire in the state has burned through more than 3 ...
ISTANBUL, Turkey: In an interview with Reuters, Willie Walsh, director-general of the International Air Transport Association, (IATA), said airlines are ...
SACRAMENTO, California: Sixteen migrants from Venezuela and Colombia, who had entered the United States through Texas, were transported to California ...
FREMONT, California: Elon Musk's brain implant startup Neuralink, valued at some $2 billion during a private fundraising round two years ...
NEW YORK, New York - U.S. stocks moved higher Thursday as investors and traders took a break from their recent ...
LISBON, Portugal: Carsten Spohr, Chief Executive of Lufthansa, has said that as Portugal's government is still debating whether to sell ...
NEW YORK, New York - U.S. stocks were divided on Wednesday, with the technology and industrial sectors parting ways.Tech stocks ...
HOLLYWOOD, California: More than tripling the debut of its 2018 animated original predecessor, Sony Pictures' "Spider-Man: Across the Spider-Verse" opened ...
PARIS, France: European plane manufacturer Airbus is reported to be close to a record agreement to sell 500 narrow-body jets ...