{"id":6576,"date":"2020-10-28T14:46:07","date_gmt":"2020-10-28T06:46:07","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=6576"},"modified":"2020-10-28T14:46:11","modified_gmt":"2020-10-28T06:46:11","slug":"malaysias-total-trade-rises-5-5-pct-to-rm155-88-bln-in-september","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=6576","title":{"rendered":"Malaysia\u2019s total trade rises 5.5 pct to RM155.88 bln in September"},"content":{"rendered":"\n<p>KUALA LUMPUR, Oct 28&#8211;&nbsp;Malaysia\u2019s total trade in September 2020 expanded by 5.5 per cent&nbsp;to RM155.88 billion compared to that of September 2019.<\/p>\n\n\n\n<p>The Ministry of International Trade and Industry (MITI)&nbsp;said increases&nbsp;in trade were&nbsp;recorded primarily with China, Hong Kong, the United States, the Netherlands, and Taiwan.<\/p>\n\n\n\n<p>\u201cExports rebounded by a double-digit growth of 13.6 percent\u00a0to RM88.93 billion, the highest export value ever recorded for the month of September 2020, while imports decreased by 3.6 percent\u00a0to RM66.96 billion,\u201d it said in a statement, today.<\/p>\n\n\n\n<p>Furthermore,\u00a0MITI said exports of manufactured and agriculture goods also registered a double-digit growth in September 2020.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-1024x565.jpg\" alt=\"total trade\" class=\"wp-image-6577\" width=\"475\" height=\"262\" srcset=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-1024x565.jpg 1024w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-300x166.jpg 300w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-768x424.jpg 768w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-181x100.jpg 181w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-350x193.jpg 350w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-800x442.jpg 800w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg 1074w\" sizes=\"auto, (max-width: 475px) 100vw, 475px\" \/><\/figure><\/div>\n\n\n\n<p>\u201cExports of manufactured goods in September 2020, which made up 87.7 per cent&nbsp;of total exports, picked up by 16.3 per cent&nbsp;year-on-year (y-o-y) to RM77.99 billion.<\/p>\n\n\n\n<p>\u201cThe expansion was due mainly to higher shipments of electrical and electronics (E&amp;E) products, rubber products, other manufactures, especially solid-state storage devices (SSD), iron and steel products, as well as optical and scientific equipment,\u201d it said.<\/p>\n\n\n\n<p>It said exports of agriculture goods surged by 26.6 per cent to RM6.55 billion compared to September 2019, buoyed mainly by higher exports of palm oil and palm oil-based agriculture products.<\/p>\n\n\n\n<p>MITI said E&amp;E&nbsp;products also drove exports to ASEAN&nbsp;in September 2020, which contributed RM38.79 billion, or 24.9 per cent, to Malaysia\u2019s total trade, registering&nbsp;a 0.5 per cent increase from September 2019.<\/p>\n\n\n\n<p>\u201cExports rebounded by 6.7 per cent&nbsp;to RM23.1 billion, backed mainly by higher exports of E&amp;E&nbsp;products which increased by 47.8 per cent&nbsp;or RM3.2 billion,\u201d it said.<\/p>\n\n\n\n<p>Besides, robust export growth to China continued&nbsp;as it contributed 19.8 per cent&nbsp;to Malaysia\u2019s total trade in September 2020, recording an expansion of 21.5 per cent y-o-y to RM30.85 billion.<\/p>\n\n\n\n<p>\u201cExports to China surged&nbsp;by 41.9 per cent to RM15.56 billion, mainly on higher exports of E&amp;E products, iron and steel products, as well as palm oil and palm oil-based agriculture products,\u201d it added.<\/p>\n\n\n\n<p>MITI said exports to the US remained strong and posted a double-digit growth of 22.1 per cent to RM10.32 billion in September 2020&nbsp;due to increases in exports&nbsp;primarily for rubber products, E&amp;E products, wood products, machinery, equipment and parts, as well as other manufactures.<\/p>\n\n\n\n<p>It added that&nbsp;exports to the EU rebounded with a double-digit growth&nbsp;of 28.6 per cent&nbsp;to RM8.63 billion, underpinned by higher exports of E&amp;E products, rubber products, palm oil and palm oil-based agriculture products, as well as manufactures of metal.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, manufactured goods cushioned exports to Japan edged down by 11.3 per cent to RM4.76 billion, owing mainly to lower exports of liquefied natural gas&nbsp;(LNG).<\/p>\n\n\n\n<p>\u201cThe contraction, however, was cushioned by higher exports of manufactured goods which improved by 1.6 per cent to RM3.67 billion,\u201d it added.<\/p>\n\n\n\n<p>&#8212; <a href=\"https:\/\/www.bernama.com\/en\/business\/news.php?id=1894479\">BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Oct 28&#8211;&nbsp;Malaysia\u2019s total trade in September 2020 expanded by 5.5 per cent&nbsp;to RM155.88&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,524],"tags":[],"class_list":["post-6576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",1074,593,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-300x166.jpg",300,166,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-768x424.jpg",640,353,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef-1024x565.jpg",640,353,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",1074,593,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",1074,593,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",1074,593,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",1024,565,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/10\/d3486f09f249e3d4b1fff879732cbcfe5f98f4be4a2ef.jpg",720,398,false]},"author_info":{"info":["Editor"]},"category_info":"<a 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