KUALA LUMPUR: Malaysia's trade performance in 2022 surpassed RM2 trillion for the second consecutive year and registered the fastest growth since 1994, with exports expanding 25 per cent to RM1.55 trillion.
Imports breached RM1 trillion for the first time, jumping by 31.3 per cent to RM1.29 trillion.
Minister of International Trade and Industry Tengku Datuk Seri Zafrul Aziz said the trade surplus increased by 0.6 per cent to RM255 billion, representing the 25th consecutive year of trade surplus since 1998.
"In 2022, Malaysia's trade continued to demonstrate a remarkable performance and registered another record-breaking achievement with trade, exports, imports, and trade surplus soaring to a new high," he said in a statement today.
He noted that this was "a positive reflection that the nation's trade performance is on an upward trajectory, boosted by higher external demand and strong commodity prices."
"In terms of markets, exports to major trading partners notably Asean, China, the United States (US), the European Union (EU), and Japan registered a new record high," he added.
Trade with Malaysia's important and strategic trading partner, Asean, rose by 34 per cent to RM772 billion from the previous year, while trade with Asean accounted for 27.1 per cent of Malaysia's total trade in 2022.
Tengku Zafrul said significant export growth was also recorded in emerging markets, notably Egypt, Sri Lanka, Mozambique, Papua New Guinea, Togo, Djibouti, and Afghanistan, while exports to free trade agreement (FTA) partners registered the highest value thus far.
"Meanwhile, exports to markets under the Regional Comprehensive Economic Partnership (RCEP) agreement posted double-digit expansion.
"Exports of manufactured, agriculture and mining sectors registered an all-time high with double-digit growth," he noted.
The growth was driven by robust exports of electrical and electronic products, petroleum products, liquefied natural gas, palm oil and palm oil-based products, crude petroleum as well as machinery, equipment and parts with each product segment recording over a RM10 billion increase with double-digit growth.
"All these products also posted the highest export value ever except crude petroleum," he said.
"Despite the challenging global landscape, we will continue to enhance the promotion of international trade and exports to reinforce business resilience and sustain the economic growth momentum," the minister added.
For December 2022, the Ministry of International Trade and Industry (Miti) said in the same statement that Malaysia's trade remained sturdy with trade, export, and imports registering new record highs for the month, in which trade rose by 8.6 per cent to RM236.02 billion compared to December 2021.
"Exports increased by 6 per cent to RM131.89 billion and imports were higher by 12 per cent to RM104.13 billion, resulting in a trade surplus of RM27.76 billion, a decrease of 11.8 per cent," it noted.
On the outlook for 2023, Miti expects Malaysia's trade performance to grow at a softer pace in tandem with the outlook by World Trade Organisation (WTO), which anticipated global trade to grow by 1 per cent.
"In 2023, Malaysia's trade is expected to grow by 1.3 per cent, while exports and imports are estimated to increase by 2.2 per cent and 0.2 per cent, respectively, as reported by the Ministry of Finance (MOF) in its Economic Outlook 2023," it said.
The ministry said inflationary pressures, prolonged geopolitical tensions, exporters' capacity in meeting environmental, social, and governance (ESG) market demands, disruptions in global supply chains, and volatility in commodity prices would weigh on trade.
"Nevertheless, continuous demand for manufactured goods, especially electrical and electronic products, will support trade growth due to technological advancement," it added.
-- BERNAMA
Bernama
Wed Jan 18 2023
Exports of manufactured, agriculture and mining sectors registered an all-time high with double-digit growth, Tengku Zafrul said. - Astro AWANI
Daniel sedia galas tugas bek sayap bagi lebih sengat skuad Harimau Malaya
Daniel Ting bersedia untuk mengambil alih peranan lebih menyerang bagi mengimbangi ketiadaan beberapa pemain sayap pada pusingan kedua Kelayakan Piala Dunia 2026/Piala Asia 2027 bulan ini.
Sabah galak lebih ramai penduduk guna pembayaran tanpa tunai - Hajiji
Kerajaan Sabah menggalakkan lebih ramai penduduk Sabah menggunakan dan memanfaatkan pembayaran tanpa tunai bagi memudahkan cara pembayaran.
Indonesia sedia hantar pasukan pengaman ke Gaza - Prabowo
Prabowo Subianto mengesahkan kesediaan Indonesia untuk menghantar pasukan pengaman ke Semenanjung Gaza jika perlu.
Perhilitan tangkap seekor lagi beruang matahari di Tanah Merah
Jabatan Perlindungan Hidupan Liar dan Taman Negara (Perhilitan) Kelantan berjaya menangkap seekor lagi beruang matahari di Kampung Air Asahan Hulu.
Atlet menembak dinobat olahragawan, olahragawati TLDM 2023
PAP Mohd Azlan Md Salleh dan Leftenan Nur Suryani Mohamed Taibi dinobatkan sebagai Olahragawan dan Olahragawati TLDM 2023 pada Majlis Apresiasi Kecemerlangan Sukan TLDM.
Wanita wajar dihargai atas jasa, pengorbanan dan pencapaian mereka - Noraini
Golongan wanita yang merupakan tonggak sesebuah institusi kekeluargaan, adalah penting untuk dihargai dan disanjungi atas segala pengorbanan yang dilakukan mereka.
E-sukan negara terima sokongan kerajaan - Ahmad Zahid
Industri e-sukan negara menerima khabar baik apabila Timbalan Perdana Datuk Seri Dr Ahmad Zahid Hamidi mengumumkan bahawa kerajaan akan meneruskan sokongan kepada peserta dan penggiat sukan tersebut.
Lebih 120 mayat rakyat Palestin dijumpai di Kem Jabalia
Lebih daripada 120 mayat rakyat Palestin telah dijumpai daripada runtuhan, dua hari selepas tentera Israel meninggalkan Kem Jabalia di utara Semenanjung Gaza.
Tunai haji tanpa permit: Arab Saudi mula kuat kuasa hukuman
Pihak Keselamatan Awam Arab Saudi mula menguatkuasakan penalti bagi mereka yang melanggar peraturan dengan memasuki kawasan larangan tanpa permit haji, mulai 2 Jun hingga 20 Jun 2024.
"Safari" wukuf di Arafah, "Combat Medicine" di Muzdalifah
Pertempuran 278 petugas perubatan Tabung Haji semasa musim haji akan tempuhi fasa paling kritikal semasa Masyair apabila mereka akan lakukan "Safari" Wukuf di Arafah dan "Combat Medicine" di Muzdalifah.
MITI, MOTAC akan bekerjasama sokong eksport seni tempatan ke luar negara
MITI akan berbincang dengan Kementerian Pelancongan, Seni dan Budaya untuk menyokong artis tempatan mengeksport produk mereka.
InvestKL jadi anak syarikat MIDA berkuat kuasa 1 Jun - MITI
Kementerian Pelaburan, Perdagangan dan Industri (MITI) mula menggabungkan semua fungsi agensi-agensi penggalakan pelaburan di bawah Lembaga Pembangunan Pelaburan Malaysia (MIDA).
PM sambut baik pengumuman komitmen pelaburan Google
Perdana Menteri menyambut baik pengumuman syarikat gergasi teknologi Google yang mengesahkan komitmen pelaburan bernilai RM9.4 bilion.
MITI bakal umum aspek penting keselamatan siber, sokongan AI - Tengku Zafrul
MITI dijangka membuat satu atau dua pengumuman penting beberapa hari lagi sebagai susulan terhadap Rang Undang-Undang Keselamatan Siber 2024 yang diluluskan pada April lepas.
Potensi eksport RM2.4 bilion dari Kazakhstan, Uzbekistan, peluang besar untuk syarikat Malaysia - Tengku Zafrul
Potensi eksport RM2.4 bilion daripada Kazakhstan dan Uzbekistan menandakan peluang besar yang boleh dimanfaatkan oleh syarikat Malaysia.
Perdagangan Malaysia naik 12.1 peratus, eksport meningkat 9.1 peratus pada April - MITI
Perdagangan Malaysia mengekalkan prestasi kukuh dan trend peningkatan pada April 2024 dengan merekodkan pertumbuhan dua digit 12.1 peratus kepada RM221.74 bilion berbanding April 2023.
Eksport Malaysia rekod peningkatan ketara pada April 2024 - MITI
Perdagangan Malaysia mengekalkan prestasi kukuh dan trend peningkatan pada April 2024 dengan merekodkan pertumbuhan dua digit 12.1 peratus.
APEC harus tetapkan gaji minimum - MITI
Kerjasama Ekonomi Asia Pasifik (APEC) harus secara kolektif mewujudkan penetapan gaji standard untuk mencegah kadar gaji tidak sesuai yang memberi kesan kepada golongan wanita.
Kastam Terengganu rampas barangan bernilai hampir RM1 juta setakat April
Jabatan Kastam Diraja Malaysia (JKDM) Terengganu merampas pelbagai barangan bernilai RM947,651.54, yang cuba diseludup masuk ke dalam dan keluar dari negeri itu, dari Januari hingga April tahun ini.
Pengumuman pelaburan Google di Malaysia dalam masa terdekat - Tengku Zafrul
Kementerian Pelaburan, Perdagangan dan Industri (MITI) mengesahkan satu pengumuman berkenaan pelaburan Google di Malaysia akan dilakukan dalam masa terdekat.